Category Archive: Finance
No Longer Slow And Steady: UK GDP Data Shows An Unexpected Increase
The market can often be full of surprises, and the UK GDP released today proved just that. GDP for the quarter showed a surprise increase coming in at 0.4% compared to the expectation of 0.3%. UK economy so far in 2017 has shown slow and steady growth with the first two quarters growing by 0.3%. […]
Aussie Longs Furious At Vegetables Today As Inflation ‘Disappears Into The Bush’
If you’re an Aussie bull, Wednesday is a real “bull” day for you because as Bloomberg’s Mark Cranfield hilariously put it, inflation just “disappeared into the bush”: lol. cranfield: “Aussie Inflation Disappears Into the Bush” — Walter White (@heisenbergrpt) October 25, 2017 He was, of course, referring to an across-the-board CPI miss. Here are the numbers: […]
Don’t Lose Your Position – It’s A Bull Market
Most of us believe that experience in an occupation, measured by time spent on the job, leads to higher productivity for the employer and greater income for the employee. I agree that this belief holds true for most occupations. However, I disagree when it comes to the business of providing investment advice. In this business, […]
Cable Soars After Strong UK GDP, Boosting Rate Hike Odds
It all started at 9:30am local time, when the UK reported a stronger than expected Q3 GDP print of 0.4% Q/Q, above the Exp. 0.3%, and 1.5% Y/Y, also above the Exp. 1.4%. Heading into the report there was much anticipation, due to chatter that a miss would drastically diminish the chance for a 2017 […]
Durable Goods New Orders Improves In September 2017
The headlines say the durable goods new orders improved. However, the unadjusted three month rolling average declined. .Analyst Opinion of the Durable Goods Situation Our analysis is more negative than the headlines as the rolling averages declined. Civilian aircraft were the main tailwind this month.This series has wide swings monthly so our primary metric is […]
Wells Fargo Upgrades Three To Outperform In Government Services
Wells Fargo analyst Ed Caso upgraded CACI (CACI), Leidos (LDOS) and SAIC (SAIC) to Outperform from Market Perform while reiterating Outperform ratings on Booz Allen (BAH) and favorite idea CSRA (CSRA). The analyst sees an improving fundamental backdrop for funding levels and pricing amid a “rising global threat environment.” Further, he believes the expected resolution […]
GBP/USD: Reverses Losses On A Rally, Eyes 1.3300 Zone
GBP/USD: The pair took back its Tuesday losses on a rally on Wednesday. This development has opened the door for more strength towards the 1.3300 zone. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the […]
A Market Outlook For The S&P 500, Price Of Copper And China
Last week, we provided our readers with an update on our S&P 500 forecast where we mentioned that the market correction didn’t happen in September / October 2017 but that doesn’t mean it won’t happen. We mentioned the following: We still remain very suspicious, and though the timing of our forecast is way off, we still believe […]
Headline Durable Goods Orders Up In September, Last Three Of Four Months
The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in September increased $5.1 billion or 2.2 percent to $238.7 billion, the U.S. Census Bureau announced today. This increase, […]
The Coca-Cola Co 3Q17 Earnings Beat Estimates
The Coca-Cola Co (NYSE: KO) 3Q17 earnings were released before opening bell this morning, and the company posted non-GAAP earnings of 50 cents per share on $9.08 billion in sales. Analysts had been expecting earnings of 49 cents per share on $8.73 billion in revenue. In last year’s third quarter, the beverage maker reported earnings of 49 […]
