Category Archive: Finance, No picture
Consumer Price Index: September Headline At 2.28%
The Bureau of Labor Statistics released the September Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.28%, down from 2.70% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.17%, down from the previous month’s 2.28% and above the Fed’s 2% PCE target. Here […]
Equity Swoon Takes Spotlight, Pushes Dollar To Back Burner
There is one story today, and that is the sell-off in global equities. Although the narratives put the US at the center, the fact of the matter is that US equities have been among the best performers this year, despite the rise of interest rates and a President that is not above criticizing the central […]
Trump And The End Of Antitrust
The Trump Justice Department has approved a $69 billion merger between CVS (CVS), the nation’s largest drugstore chain, and insurance giant Aetna (AET). It’s the largest health insurance deal in history. Executives say the combination will make their companies more efficient, allowing them to gain economies of scale and squeeze waste out of the system. Rubbish. This […]
Weekly Unemployment Claims: Up 7000
Here is the opening statement from the Department of Labor: In the week ending October 6, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 7,000 from the previous week’s unrevised level of 207,000. The 4-week moving average was 209,500, an increase of 2,500 from the previous week’s unrevised average of […]
E Market Deluge
One of the largest hurricanes to hit the US continues to storm through the Southern States today. Markets had their own deluge yesterday that continues today. China Shanghai Composite fell 5.22% – the biggest drop since February 2016 – blamed on US trade war intensifying and the FOMC rate hikes continuing. If money is leaving equities, where is it […]
Sears Creditors Push For Bankruptcy Liquidation As Vendors No Longer Paid
Amid recent reports that Sears (SHLD) is set to file for bankruptcy as soon as this weekend ahead of a $134 million debt payment due on Monday, the only question is whether the filing will be a Chapter 11 debt for equity reorganization or a Chapter 7 liquidation. And contrary to the desires of Sears […]
Revisiting A Trade: When I Sold Square
A look at the work that goes into owning individual stocks. Today I wanted to revisit a trade that I made back in early August when I sold Square (SQ). My rationale as follows, …I bought late last year around $40. An eight month hold is very short for me, I have quite a holdings for clients […]
A Guide To The U.S. Corporate Debt Bubble
Video Length 00:04:29 In this special video presentation, Jesse Colombo explains the U.S. corporate debt bubble that is inflating in the U.S. While the soaring stock market has attracted the most attention, a dangerous bubble has also formed in U.S. corporate debt. Since 2008, total outstanding non-financial corporate debt has increased by over $2.5 trillion or 40%. […]
Southside Bancshares: Today’s Pick
Today I’m reviewing a small-cap regional US bank, named Southside Bancshares Inc. Its trading ticker symbol is SBSI. Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations in the communities it serves. It was was founded in 1960 and is headquartered in Tyler, Texas. The company operates […]
Oil And Gas And … Edelweiss?
Switzerland has no natural resources apart from its Alpine natural gas producers, scenic beauty and water. If you watch the following video, you can join those four legged producers as they contentedly add flavour to Switzerland’s famed pure mountain air. Oil and gas are otherwise nonexistent except for gas produced from recycled decomposable waste – biogas […]
