Category Archive: Finance, No picture
Economic Data And Forecasts For The Weeks Of October 22 And 29
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of October 22 October 22 Chicago Fed National Activity Index 0.18 0.18 0.18 October 23 Richmond Fed Manufacturing Index […]
SPX Bounces Off Its Trendline
VIX pulled back from its highest level since February, closing above its Cycle Top at 19.67 while showing a loss for the week. The Cycles Model shows another likely surge in strength for the VIX through the next week. (FoxNews) U.S. stocks are off to another volatile day of trading Wednesday, with the Dow giving […]
US Dollar Regains Momentum, Aims To Capitalize On Market Turmoil
US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar erases prior week’s losses after hawkish FOMC meeting minutes Renewed risk aversion reveals USD behaving like a haven asset once again Lingering headwinds warn sentiment may sour further, US Q3 GDP on tap The US Dollar has all but erased losses sustained against the backdrop of the prior week’s market rout. Its rebound […]
Does The Dollar Have Legs? – Saturday, Oct. 20
The US dollar appreciated against most of the major currencies last week while several of the typically volatile emerging market currencies, like the Turkish lira, South African rand, and Brazilian real appreciated. The US President’s criticism of the Federal Reserve, shared by many noted economists, including Nobel-prize winner Krugman (just doesn’t want Trump to say it), […]
RecessionAlert Weekly Leading Index Update – Saturday, Oct. 20
The latest index reading came in at 13.1, down from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that WLEI […]
EC Are Q3 Earnings Results Really Good?
We get into the heart of the Q3 earnings season this coming week, with more than 600 companies reporting results, including 154 S&P 500 members. With results from almost 17% of the index’s total membership already out, we have a pretty good sense about the quarter thus far. But we will have reached close to […]
Week In Review: Innovent’s Hong Kong IPO: Raising $422 Million At $2 Billion Valuation
Innovent Biologics of Suzhou plans to raise $422 million in its Hong Kong IPO at a $2 billion valuation, according to multiple media reports (see story). The company, formed in 2011, struck a major $1 billion collaboration with Lilly (NYSE: LLY) in 2015. It has a pipeline of 17 candidates (a combination of novel drugs and biosimilars), nine of […]
E No Longer In The Shadows, Leverage Loans Pose New Risks
Somewhat late to the game, the Federal Open Market Committee finally acknowledged that they are watching the risks to financial stability stemming from the more than $1 trillion market for U.S. leveraged loans. Earlier, the Bank of England and Bank of Australia raised the alarm bells concerning the rapid expansion of leveraged loans worldwide. The […]
