Category Archive: Finance, No picture
Manufacturers’ New Orders
The US Census reported new factory orders that were lower than expected for July with a 0.8% MoM decrease to $497.8 billion. Orders were estimated to fall 0.6% after the 0.7% increase in June. On a year over year basis, new orders are still up 8.3%. Breaking this down, durable goods saw a decline of […]
Markit Services PMI: Service Sector Activity Growth Eases
The August US Services Purchasing Managers’ Index conducted by Markit came in at 54.8 percent, down 1.2 from the final July estimate of 56.0. The Investing.com consensus was for 55.2 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the […]
5 Broker-Friendly Stocks To Counter Market Jitters
It is a well-documented fact that the U.S. economy is in good shape. Despite this, there are certain developments, which are keeping investors on the edge. While trade-related tensions with China continue to be a source of worry, President Trump’s threat to exclude Canada from a new NAFTA deal has also increased investor concern. Moreover, […]
It’s A Dollar-Based Boom Shortage More Than Anything
Liquidity preferences are one of the least discussed economic concepts. There are several channels into which monetary instability can hamper the real economy. A “dollar” squeeze doesn’t just impact banks, they often pass it along further down the economic chain. In its most extreme form, we had something like 2009. Some of the best companies […]
Why Bonds Can’t Go Down
The better headline for this story is “If Bonds Can’t Go Down Stocks Can’t Either.” The U.S. Treasury bond market has suddenly ground to a halt, puzzling traders, investors, and hedge fund managers alike. Last week, the yield on the 10-year Treasury bond traded as low at 2.85%. That is a miniscule 25 basis points […]
Market Remains Overvalued – Thursday, Sept. 6
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
AUD/USD Holds Narrow Range Despite Rising Australia Mortgage Rates
AUSTRALIAN DOLLAR TALKING POINTS AUD/USD holds a narrow range even as commercial banks in Australia start to raise interest rates, with the exchange rate at risk for further losses as the Reserve Bank of Australia (RBA) remains in no rush to lift the official cash rate (OCR) off of the record-low. AUD/USD HOLDS NARROW RANGE DESPITE […]
Broadcom Third Quarter Earnings
CNBC’s Josh Lipton breaks down Broadcom’s third-quarter earnings, which beat EPS expectations while revenue was in line.
A Closer Look At Today’s ADP Employment Report – Thursday, Sept. 6
In this morning’s ADP employment report we got the August estimate of 163K new nonfarm private employment jobs from ADP, a decrease over July’s 217K. The popular spin on this indicator is as a preview to the monthly jobs report from the Bureau of Labor Statistics. But the ADP report includes a wealth of information that’s worth exploring […]
Midwest Crop Tour & August Weather Impact Corn & Bean Yields
Market Analysis Approaching the USDA production and supply/demand reports on September 12, the general expectations are the two major crops output might go in slightly different directions. Last month’s Midwest Crop Tour began this trend. The group’s field checks in 3 of the 4 largest states didn’t seem to support the government’s US corn yield […]
