Category Archive: Finance, No picture
Crestmont Market Valuation Update: August 2018
Quick take: Based on the August S&P 500 average of daily closes, the Crestmont P/E is 134% above its arithmetic mean and at the 100th percentile of this fourteen-plus-decade monthly metric. The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
5 Stocks Near 52-Week High With Potential To Scale Higher
A stock hitting its 52-week high level is thought to be a winner. This level works as an indicator for many investors for buying or selling a stock. Investors often wonder if this level makes the stock an overpriced one. While they are not totally incorrect, all stocks hitting a 52-week high are not necessarily […]
Gold Price Forecast: Downside Targets Back On Radar As Range Snaps
GOLD TALKING POINTS Gold slips to a fresh weekly-low ($1190) as the ISM Manufacturing survey unexpectedly climbs to 58.5 in August to mark the highest reading since 2004, and recent price action raises the risk for a further decline in the precious metal as it snaps the range-bound price action from the previous week. GOLD […]
GDPNow Forecast Surges To 4.7%: Spread To Nowcast An Amazing 2.7 Percentage Pts
Following today’s ISM and construction reports, the GDPNow forecast for 3rd-Quarter GDP rose to 4.7%. Nowcast is 2.0%. The GDPNow to Nowcast spread is the widest in history. GDPNow Latest Forecast: 4.7%— September 4, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.7 percent on September 4, […]
Construction Spending Dips Slightly In July
Construction spending declined 0.1% in July. With major revisions being the norm, consider it flat. Econoday offers these Construction Spending highlights. A solid rise in residential spending offset a mixed showing for non-housing components and made for a 0.1 percent July rise in overall construction spending to barely come within Econoday’s consensus range. Residential spending rose 0.6 […]
A Perspective On Secular Bull And Bear Markets – Tuesday, September 4
Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, nine-plus years later, the S&P 500 has set a series of inflation-adjusted record highs based on monthly averages of daily closes. Let’s examine the past to broaden our understanding of the range of […]
Aussie Jumps After RBA Leaves Interest Rates Unchanged
The Australian dollar jumped today after the Reserve Bank of Australia (RBA) released the interest rates decision. As expected, the bank left interest rates unchanged and indicated that the current expansionary policies will continue for a considerable period. In the statement, governor Lowe said: ‘The low level of interest rates is continuing to support the […]
ISM Manufacturing Index: PMI Highest Since 2011
Today the Institute for Supply Management published its monthly Manufacturing Report for August. The latest headline Purchasing Managers Index (PMI) was 61.3 percent, an increase of 3.2 percent from 58.1 the previous month. Today’s headline number was below the Investing.com forecast of 57.6 percent. Here is the key analysis from the report: “The August PMI® registered 61.3 percent, an increase […]
5 Reasons For A USD Surge In September
Dark clouds are gathering over global markets. A mix of economic, political, and seasonal factors weigh. The perfect storm could be beneficial for the US Dollar at the expense of all the rest. While many traders were on holiday during the summer, markets were not at ease with quite a few issues emerging, so far […]
Emerging Markets Continue To Sell-Off
I had the privilege of being on the Bloomberg set with Tom Keene and Francine Lacqua earlier today. Lakshman Achuthan, co-founder of ECRI also joined us for the discussion. This 6.5 min video clip captures the essence of the discussion. The US dollar was rallying against all the major and most EM currencies. The second consecutive […]
