Category Archive: Finance
Bitcoin Surges To New Record Highs Above $4800 Amid Renewed ETF Hope
Bitcoin has surged to a new record high this morning over $4850 amid increased debt ceiling anxiety, continuing demand from South Korea and Japan amid the North Korea chaos, a potential short squeeze, and renewed hopes of SEC approval of a Bitcoin ETF. The six biggest virtual currencies are all higher today. NOTE – Litecoin and Veritaseum […]
Snap Inc And Facebook Inc Couldn’t Be Less Alike: Analysts
When Snap took itself public earlier this year, it was the hot new kid on the block that Millennial users wanted to sink their early earnings into as soon as it became possible. Facebook has loomed over it like a giant trying to squash it like a cockroach under its feet, and investors quickly began to question […]
Real Disposable Income Per Capita Gains In July
With the release of yesterday’s report on July Personal Incomes and Outlays, we can now take a closer look at “Real” Disposable Personal Income Per Capita. At two decimal places, the nominal 0.21% month-over-month change in disposable income was trimmed to 0.12% when we adjust for inflation. The year-over-year metrics are 1.98% nominal and 0.57% real. […]
HH Biotech Bonanza: The Next Leg Up For Biotech Stocks
The Biotechnology sector remains one of the top performing sectors this year with the benchmark Nasdaq Biotechnology Index of biotech stocks, as represented by the biotech ETF (IBB), gaining 17% in the first half. The index though still remains ~29% down from its all-time high achieved in mid-2015. In comparison, the S&P 500 (SPY) was up 8%, […]
Q2 GDP Best In More Than 2 Years: 5 Growth Funds To Buy
The U.S. economy expanded at a better pace in the second quarter of this year, than was earlier estimated, ending up with the best quarterly GDP growth in more than two years. In its second estimate, the Department of Commerce upwardly revised economic growth for the second quarter. The report highlighted a strong increase in […]
Downstream Concerns Continue To Paint Bearish Picture For Crude Oil
Fundamental Forecast for USOIL: Bearish Talking Points: A week after Harvey’s landfall, assessing damage and demand impact still premature Last major crises in the region (Katrina 2005) was followed by ~18% drop in Oil Per BHI, US Oil Rigs unchanged WoW. Rig count stable at 759 active US oil rigs IGCS showing increase in retail long oil positions, […]
Now Capex?
Of all the high frequency data the Personal Savings Rate is probably the least reliable. It is subject to both regular and benchmark revisions that can change the estimates drastically one way or the other. One step up from that statistic is the figures for Construction Spending. The initial monthly estimates don’t survive very long, […]
The Big Four Economic Indicators: August Nonfarm Employment
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs […]
Amazon Has Twice As Many Fulfillment Centers As The Rest Of The Entire US Retail Industry
Ask a number of analysts what is the secret to Amazon’s retail (if not overall) success, and 9 out of 10 times the answer will be its meticulous, seamless, and incredibly efficient distribution and logistics system. Or, as Credit Suisse puts it, Amazon (AMZN) has stumbled on (really created) a new distribution model: a “pull” […]
