Category Archive: Finance
Analysts Defend Supermarket Chains After Amazon Pledges Whole Foods Price Cuts
A number of Wall Street research firms are out defending stocks that fell yesterday after Amazon (AMZN) announced that it would cut prices at Whole Foods (WFM) stores as soon as its deal to buy the grocer closes this Monday. UBS wrote that the decline in the shares of Costco (COST) and Spouts Farmers (SFM) […]
Reappoint Janet Yellen As Fed Chair
Four years ago, I made the case why Janet Yellen would make an excellent chair of the Federal Reserve. As testimony to the power of our mighty blog, President Obama followed our advice and nominated her for a four-year term. So I thought I’d call attention now to a few of the reasons why President Trump should […]
August 2017: ECRI’s WLI Growth Index Rate Again Marginally Declines
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in positive territory for over one year. This is compared to RecessionAlerts similar weekly leading index. Analyst Opinion of the trends of the weekly leading indices Both ECRI’s and RecessionAlerts indicies are indicating moderate growth six months from today. Both indices are showing […]
US Crude Production Hits 25-Month Highs Despite Stabilization In Rig Count
While the US oil rig count has gone nowhere for the last 9 weeks (down 4 to 759 this week and with last week’s drop the largest in 7 months), US crude production continues to rise, now at its highest since July 2015. *U.S. OIL RIG COUNT DOWN 4 TO 759 , BAKER HUGHES SAYS :BHGE US […]
What The ‘Rising Dollar’ Accomplished (Apart From That ‘Unexpected’ Global Downturn)
Many if not most people were looking at Janet Yellen’s Jackson Hole speech hoping for some hint or clue as to her “hawkishness” or “dovishness.” As I’ve written before, that’s the wrong to look at the Federal Reserve and its policy. They want to raise rates simply because it’s been one hundred and nineteen months […]
Government Shutdown, North Korea, And Gold
On Tuesday, President Trump threatened to shut down the government. What does it imply for the gold market? Speaking at rally in Phoenix, Arizona, on Tuesday night, President Donald Trump threatened to shut down the government in order to secure funding to build the wall along the border with Mexico. “If we have to close down […]
While You Were Sleeping Chinese Stocks Soared The Most In A Year
In a testament to the resilience of the emerging market rally and also to investors’ (possibly blind) faith in Beijing’s ability to successfully deleverage the financial system without undercutting growth, Chinese stocks had their best day in a year on Friday as the SHCOMP rose 1.8%: You’ll note from the chart that’s the highest close since January of […]
The “Real” Goods On The July Durable Goods Data
Earlier today the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
Buy Top 5 Small-Cap Funds On Optimism Over Tax Reform
Following a recent rough patch, both the Dow and S&P 500 registered the second straight day of gains on Aug 22. The Dow rose 196.14 points or 0.9%, posting its highest point and percentage gains since Apr 25, while the S&P 500 advanced 1%, marking its best increase since Aug 14. Also, the Nasdaq ended […]
