Category Archive: Finance, No picture
Wells Fargo (WFC) Misses On Q3 Earnings, Shows Cost Control
Impacted by lower mortgage banking revenues, Wells Fargo WFC recorded a negative earnings surprise of 3.4% in third-quarter 2018. Earnings of $1.13 per share missed the Zacks Consensus Estimate of $1.17. However, the bottom-line compared favorably with 83 cents recorded in the prior-year quarter. Including non-recurring items, net income for the quarter came in at $6 billion compared […]
Why The Stock Market Is Headed For Disaster
In this presentation, Clarity Financial’s economic analyst Jesse Colombo explains why the U.S. stock market is experiencing a dangerous bubble that is going to burst violently and cause serious damage to the underlying economy. Jesse and Clarity Financial have been very wary of following the overcrowded “buy and hold” strategy when the market is so overvalued (because reversion […]
Why Are Individual Investors Flocking To U.S. Treasuries?
Individual investors have a huge appetite for U.S. Treasuries right now. Households were the largest purchaser of U.S. government bonds in the second quarter of this year, with inflows totaling nearly $800 billion, which is more than all other categories of investors combined. In this video, I explain why ultrashort government bonds are attractive investments […]
How To Spot And Trade A Stock Market Bottom
The stock market is seeing huge amounts of selling, and in some cases even crashing. How do you know when a bottom has been put in place and buy the dip? In this video, I lay out my entire approach to trading a stock market crash and how to identify a bottom and do so […]
S&P 500 Snapshot: This Week Saw Largest Daily Loss Since February
The S&P 500 experienced losses four out of five days this week, including three days off selloffs. Wednesday and Thursday saw losses of over 2% with a gain of 1.42% today. The index is up 2.64% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 3.15%. Here is a daily chart […]
Market Talk – Friday, Oct. 12
A much welcomed relief rally seen in Asia today, which was a refreshing surprise given how most opened. China did publish the best trade export numbers to the US in sometime, but is being negated by the storey US firms maybe front-loading imports in fear of increasing trade tensions. Steady progress was made from the […]
A Long-Term Look At Inflation – Friday, Oct. 12
The Consumer Price Index for Urban Consumers (CPI-U) released yesterday morning puts the year-over-year inflation rate at 2.28%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.54%. For a comparison of headline inflation with core inflation, which is based on […]
Here’s Why The Next Recession Will Spiral Into A Depression
Here’s the difference between a recession and a depression: you can’t get blood from a stone, or make an insolvent entity solvent with more debt. There are two basic differences between a recession and a depression: Duration: a recession typically lasts between 6 and 18 months, while a depression drags on for years or even […]
