Category Archive: Finance, No picture
Trade Deal – U.S. Makes A Trade Deal With Canada
Last Friday, it looked unlikely that America and Canada would reach the September 30th deadline to make a trade deal. But it happened on Sunday night. The action on Monday makes perfect sense as the Dow increased 0.73% and the Russell 2000 fell 1.39%. America and Canada came close to their previous deadline. These negotiations were […]
Amazon Ups Minimum Wage To $15 For All Employees Starting Nov 1
Amazon unilaterally upped its minimum wage, even for part-time workers. Now it wants every company to do the same. Starting November 1, Amazon to Raise Its Minimum U.S. Wage to $15 an Hour. The new minimum wage covers more than 250,000 current employees and 100,000 seasonal holiday employees. The new salary increase will also cover part-time […]
ISM Manufacturing Index Gains For 113th Month: 4 Top Picks
Per the latest report from the Institute for Supply Management (ISM), its manufacturing index, for the month of September, increased for the 113th month on the trot. Such an increase was achieved on the back of robust demand. Despite trade war remaining a concern for factories, the ISM stated that manufacturing activities have been improving […]
Market Cap To GDP: An Updated Look At The Buffett Valuation Indicator – Tuesday, Oct. 2
Note: This update incorporates the latest Z.1 data release (Q2), the Q2 GDP Third Estimate, and the September close data. Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that “it is probably the best single measure […]
Global Manufacturing Hits A 22 Month Low
Global Manufacturing – Markit PMI Matches Highest Estimate The Markit global manufacturing PMI beat estimates and increased from August. The ISM PMI did the reverse. Prior to this set of reports, the ISM reports have been wildly optimistic. But the Markit ones have shown weakness. Let’s review the Markit report first. The September flash Markit […]
Framing The News
As contrarian investors and students of group-think crowd psychology, we look for investment opportunities in the way news is framed. There is an old Mark Twain saying, “Lies, damned lies and statistics.” We believe investors are getting mislead by statistics surrounding the U.S. economy and we will seek to dispel erroneous assumptions in search of […]
Weekly Technical Perspective On Euro Vs US Dollar (EUR/USD) – Tuesday, Oct. 2
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Euro is trading into a critical support confluence early in the month with major event risk on tap this week. Here are the key targets & invalidation levels that matter on the EUR/USD weekly chart. EUR/USD […]
Q3 ETF Asset Flow Roundup: What’s Hot & What’s Not
Despite escalation in U.S.-China trade tensions, emerging market meltdown especially in Turkey and Argentina, and rounds of tech sell-off, global stock indexes ended the third quarter on a positive note. American stocks were the biggest gainers backed by the dual tailwinds of solid corporate earnings and an improving economy. On the other hand, many emerging […]
S&P 500: All Systems Go Heading Into Earnings Season
On Monday, we flipped the calendar into a new week, month, and quarter, and beyond the weather getting cooler (at least for Northern Hemisphere readers!), that means that we’re on the verge of another quarterly earnings season for US stocks. Looking back at the performance of US companies and stocks over the last three months […]
Treasury Yields: A Long-Term Perspective – Tuesday, Oct. 2
Let’s have a look at a long-term perspective on Treasury yields as of the August 20th close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and inflation. The range has been astonishing. The stagflation that set in after the 1973 Oil Embargo was finally ended […]
