Category Archive: Finance
The History Of Treasury Market Liquidity (And Lack Thereof) In One Chart
While we completely disagree with Credit Suisse about the reasons for the total collapse in bond market liquidity (as readers know we blame the Fed – as does the TBAC – and HFTs, while Credit Suisse accuses regulations, even though banks now hold a record amount of fungible bonds implying that unless bank prop desks […]
Shake Shack (SHAK) Shares Are Sizzling Hot After Beating Q1 Estimates
At the end of Q1, popular burger joint Shake Shack Inc (SHAK – Snapshot Report) silences its critics by beating estimates on all fronts. Earned $0.04 per share and reported revenue of $37.8 million, compared to Wall Street’s estimates of $0.03 per share and revenue of $33.95 million. Shack sales increased 59.2% to $36 million, […]
J.C. Penney Company, Inc. Beats Earnings Estimates, Ups Outlook
J C Penney released the earnings results from its first quarter of fiscal 2015 after closing bell tonight, posting losses of 55 cents per share on $2.86 billion in sales. Analysts had been expecting losses of 80 cents per share and $2.87 billion in revenue. In the same quarter last year, the department store chain […]
Gold Daily And Silver Weekly Charts – The Coiled Spring – To Say ‘No’
Gold and silver spiked higher today on the rather poor economic news that showed little monetary inflation in broad exports and imports, and also showed a slumping retail sales number that could not be blamed on the weather or a port strike. So the dollar slumped, because the reality is that the US is not […]
See No Evil: What We Chose To Ignore In The April Jobs Report
We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused. On the other hand, good news is spotted and trumpeted even when it doesn’t exist. An ideal illustration of this dangerous tendency towards collective selectivity came last week when the markets and the media somehow […]
Calpers Wins Pension Lawsuit, Not Good News For Chicago (Or Bondholders In General)
Judge Rejects Bondholders’ Lawsuit Over Pension Debt In bankruptcy, the federal courts have ruled that cities can reduce pension obligations. They can, but they don’t have to. In Detroit, bondholders were sacrificed to maintain police and fire pensions with minimal haircuts. On Monday, U.S. Bankruptcy Judge Meredith Jury ruled against bondholders in favor of Calpers […]
Access National – All Time High
The Chart of the Day is Access National (NASDAQ:ANCX) . I found the stock buy sorting the All Time High list for the stock with the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/13 the stock gained 11.47%. Access National Corporation serves as the holding company for […]
Import And Export Price Year-Over-Year Deflation Continues In April 2015. Much Less Deflation Was Expected By The Markets
Global trade prices continue to deflate year-over-year. Import prices are down 10.7% from a year ago, while export prices are down 6.3%. The market was expecting much less deflation. Import Oil prices were up 0.7% month-over-month, but export agricultural prices fell 0.8%. with import prices down 0.3% month-over-month,down 10.7% year-over-year; and export prices down 0.7% month-over-month, down 6.3% year-over-year.. the markets […]
SP 500 And NDX Futures Daily Charts – History Repeats – Grapes Of Wrath
Export-Import prices this morning came in weakly, showing little upward pressure on monetary inflation. Retail sales however came in badly and that gave the markets the shakes. The Atlanta Fed’s model of forward GDP is showing 2Q at about 0.7 percent. Hardly the kind of number favoring a policy of tightening. And so the dollar […]
Cisco Systems, Inc. Edges Out Earnings Estimates
Cisco Systems, Inc. (NASDAQ:CSCO) Systems released the earnings results from its third quarter of fiscal 2015 after closing bell tonight, posting non-GAAP earnings of 54 cents per share or $2.8 billion on $12.1 billion in revenue, a 5% increase from last year. Analysts had been expecting earnings of 53 cents per share and $12.07 billion in […]
