Category Archive: Finance, No picture
The “Real” Goods On The September Durable Goods Data – Thursday, Oct. 25
This morning, 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 […]
Levels And Plays After Today’s Big Earnings
Video Length: 00:09:14 Major stocks such as AMZN, GOOGL, INTC, CMG, and others reported earnings today and share prices are rapidly moving after the close. In tonight’s video, Corey walks you through key levels, snap-reactions, and what to watch during Friday’s session as it unfolds.
ECB Conference Did Not Bring Major News
Today’s ECB press conference did not bring major news. The Governing Council refrained from providing fresh monetary signals and from tweaking the language of its policy guidance concerning policy rates, QE and the reinvestment strategy. The only dovish change to the statement compared to the September one was the omission of the reference that “uncertainty […]
AUD/USD Rate Holds Narrow Range Ahead Of U.S. GDP, Australia CPI
AUD/USD clings to the monthly range ahead of key data prints coming out of the U.S. and Australia, but the diverging paths for monetary policy continues to cast a long-term bearish outlook for the exchange rate as both price and the Relative Strength Index (RSI) preserve the bearish trends from earlier this year. AUD/USD RATE HOLDS […]
Durable Goods Mirage: Good Headline Number, Very Poor Details
Today’s headline durable goods number looks good. The details are another matter. The Census Bureau’s Durable Goods Report show orders rose 0.8%. The good news pretty much stops there. Low Lights Excluding transportation, new orders rose 0.1 percent. Excluding defense, new orders fell 0.6 percent. Core Capital Goods orders fell 0.1% Econoday Discussion A doubling in orders for […]
Amazon Crashes After Missing On Revenue, Poor Guidance
After two days of dramatic volatility in its stock, which saw the share price of Amazon first drop then soar by over $100, Jeff Bezos’ online retailing titan was expected to report blow out earnings, and while it indeed reported EPS which smashed expectations, it missed on revenue while guiding well below consensus, in a […]
Weak Housing Market, Strong Markit PMI
Weak Housing Market – MBA Mortgage Index Increases Week Over Week Homebuilder stocks suddenly are cratering. Also, banks are falling on worries that high mortgage rates will stifle demand for loans. Housing reports are the most important economic reports to review. There were three reports on Wednesday. First, we have the MBA mortgage applications index […]
Pending Home Sales Increase In September
This morning the National Association of Realtors released the August data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says that even though we are still seeing year-over-year declines, the latest monthly increase is a good, stabilizing trend. “This shows that buyers are […]
How Much Is The Fed Going To Raise Interest Rates?
In December 2008, the Federal Reserve took the specific policy interest rate that it targets–the so-called “federal funds interest rate”–down to the range of 0% to .25%. The Fed then held the federal funds interest rate at this near-zero level for seven years, until December 2015. Since then, the Fed has raised the federal funds […]
