Author Archive: Jeremy Parkinson
ASA And Gallup Indicate Continued Jobs Gains
The ASA temp staffing index hit 105.1 last week just short of an alltime high of 105.2. Typically this index peaks the first or second week into December which means we are all but assured of hitting all time records in a few weeks. Both these indexes coinciding like this bodes very well for continued […]
Vehicle Miles Traveled: A Structural Change In Our Behavior
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through September. Travel on all roads and streets changed by 2.3% (5.6 billion vehicle miles) for September 2014 as compared with September 2013 (see report). The less volatile 12-month moving average is up 0.19% month-over-month. If we factor in population growth, […]
Sirona Reports Fiscal 2014 Fourth Quarter And Record Full Year Results
Fourth quarter revenues of $290.0 million, up 4.1% compared to prior year, or up 4.0% constant currency*. Fiscal 2014 increased 6.3%, or 3.9% constant currency*. Fourth quarter diluted earnings per share of $0.76 on a GAAP reported basis compared to $0.65 in the prior year. Fourth quarter non-GAAP adjusted EPS* of $0.93, up 14.3% compared to […]
Morning Call For November 21, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.69%) this morning are up +0.65% at a record high and European stocks are up +2.03% at a 1-1/2 month high after China cut interest rates for the first time in over 2 years. European stocks and government bonds received an additional boost after ECB President Draghi […]
Free Money Friday – Draghi And The PBOC Add Fuel To The Fire
More free money!!! Europe is up 2% with no signs of slowing at lunch as Mario Draghi kicks it up a notch, saying the ECB is ready to “step up the pressure ” and expand its asset-purchase programs if inflation fails to show signs of quickly returning to the ECB’s target. BAM!!! “We will continue to meet our […]
Europe’s New Scariest Chart
Recent polls show pro-default parties growing popular in peripheral euro-area countries such as Greece, Italy and Spain. As Bloomberg Brief’s Maxime Sbaihi notes, in a depressed economic environment, their promises to restructure public debt might soon bring them to power and tempt traditional parties to adopt their ideas. This return of political risk in the […]
Bullish Wicks Signaled Big Rally Ahead, Says Joe. New Ones Forming? Looks Like It.
Click on picture to enlarge 34 days ago the S&P 500 was up 2% on the year and the German Index (DAX) was down almost 6%. At that time Joe Friday shared that the DAX appeared to be sending a bullish message to global stock markets, as it looked to be creating a bullish wick […]
This Week’s Sizemore Insights: Hunting For Global Value
Here is a statement of the obvious if there ever was one: The market doesn’t always do what it’s supposed to. Expensive markets are supposed to correct, and cheap markets are supposed to rally as both revert to their long-term averages. But there are long stretches of time where expensive markets get even more expensive and cheap markets get even cheaper. […]
Draghi Talks Euro Lower, Aso Lifts Yen
Official comments have injected volatility into the foreign exchange market. As we anticipated, Japanese officials pushed back against the seemingly free-fall in the yen sparked by the aggressive BOJ action and the diversification of the government pension funds. Finance Minister Aso expressed concern about the pace of the yen’s decline. However, comments by Abe-adviser Hamada underscored […]
The Poster Boy For Liberal Economics Discovers The Tax Factor
Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times columnist and Nobel laureate has been arguing lately, threatens Japan’s fragile economic recovery. “Shinzo Abe is doing the right thing, seeking to delay the next rise in consumption taxes,” Krugman wrote on his blog yesterday. “This is good economic policy….” It’s […]
