Category Archive: Finance
The Democracy Of The Marketplace
Adapted from Planning for Freedom by Ludwig von Mises. The consumers by their buying and abstention from buying elect the entrepreneurs in a daily repeated plebiscite as it were. They determine who should own and who not, and how much each owner should own. As is the case with all acts of choosing a person — choosing […]
Recession Watch, October 2017
Where do we stand? Here’s the official GDP series and two monthly series. Figure 1: Real GDP in bn. Ch2009$ SAAR, from third release (blue bar), Macroeconomic Advisers (green), e-forecasting (red), GDPNow (dark blue bold line). Source: BEA, Macroeconomic Advisers (28 September), e-forecasting (18 October), Atlanta Fed GDPNow (13 October). Note that the decline in monthly […]
IBM Starts The Dow Rotation; Tech Next?
Video length: 00:09:11 IBM led the Dow Jones higher today. In tonight’s video update we look at which tech stocks are the next opportunity for the rotation game. Watch this video to find out…
American Express CEO Ken Chenault Is Retiring
Despite credit card giant American Express reporting another round of solid quarterly earnings, with revenue of $8.40bn beating expectations of $8.19bn, and generating EPS of $1.50, also above the $1.48 expected, and boosting its profit guidance for good measure, now projecting full-year EPS of $5.80 to $5.90, up from $5.60 to $5.80 (above the consensus […]
Ebay Inc Q3 2017 Earnings: Weak Guidance Sinks Shares
eBay Q3 2017 earnings were released after closing bell tonight, and the company reported non-GAAP earnings of 48 cents per share on $2.4 billion in sales. Analysts had been expecting non-GAAP earnings of 48 cents per share on $2.3 billion in revenue. In last year’s third quarter, eBay posted earnings of 45 cents per share […]
Will ‘Great Trends Grow’ From ‘Little Volatilities’?
Former trader and current man who gave up on you knowing how to trade years ago, Richard Breslow, is out on Wednesday with a pretty good piece that touches – knowingly or not – on some concepts Deutsche Bank’s Aleksandar Kocic has explored at length: the idea of a noisy status quo, and beyond that, […]
A Derivatives Look At What Happened To ‘Reflation’
The Office of the Comptroller of the Currency (OCC) reports that total gross notional derivatives contracts owned and outstanding by domestic banks rose for the second straight quarter. The OCC statistics are one quarter behind, meaning that though banks themselves are reporting Q3 numbers with earnings all figures shown here are from the official compilation […]
Bitcoin Completes 5-Wave Advance
A clear 5 waves can be traced-out since the beginning of 2015. The 1st wave was roughly 2830 points and lasted a year and a half. The current 5th wave has seemingly completed at 2825 points, which is nearly the same size as wave 1. It’s typical in Elliott wave theory that the 1st & 5th wave […]
Big Blue Blasts Dow To (Another) New Record High As Chinese Yield Curve Inverts
Don’t fight The Fed or The Machines… Video length: 00:04:05 The Dow is now the 2nd most overbought in 22 years… 3rd most overbought in 62 years Kicking off The National Congress last night, Xi’s words did not manage to inspire the bond market as China’s yield curve inverted once again… But thanks to Big Blue’s […]
