Category Archive: Finance, No picture
Yield Curve Steepens But Recession Risks Haven’t Faded
The yield curve has steepened considerably in the past month. Some think it means recession risk has diminished. Yield Curve Debate Not necessarily @greg_ip @IanShepherdson Look at a chart of the yield curve it steepenes at the onset of recessions. Another possibility to consider, despite the alleged strength of the economy is the yield curve […]
Import Prices Jump 0.5% Led By Fuel, Export Prices Flat But Ag Prices Down 1.4%
Import prices jumped 0.5% while export prices were flat. The inflation hawks will yap. So will Trump about soybeans. The BLS provides this synopsis of Import and Export Prices for September. Prices for U.S. imports increased 0.5 percent in September, the U.S. Bureau of Labor Statistics reported today, after declining 0.4 percent in August and 0.1 percent […]
Michigan Consumer Sentiment: October Preliminary Slips
The University of Michigan Preliminary Consumer Sentiment for October came in at 99.0, down 1.1 from the September Final reading. Investing.com had forecast 100.4. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment slipped in early October, although it remained at quite favorable levels and just above the average reading during 2018 (98.5). […]
Record Fall In Home Ownership Among The Young
For many years the number of young people buying their first house has been falling. There have been a wide range of reasons for this, with lifestyle factors making an impact as well as economics. In a recent study, it was found that home ownership fell amongst all income brackets for 25-34-year-olds. Amongst the top income […]
3 Best Franklin Templeton Mutual Funds To Buy Now
Founded in 1947, Franklin Templeton Investments prides itself in offering “exceptional asset management” to its clients in more than 170 nations throughout the globe. It has a presence in 34 countries and more than 600 investment professionals. With around $724.1-billion assets under management as of Jun 30, 2018, Franklin Templeton Investments is a well-known global […]
Netflix Upgraded To Buy From Neutral At Citi
Citi analyst Mark May upgraded Netflix (NFLX) to Buy from Neutral with an unchanged price target of $375. The streaming service closed yesterday down $4.79 to $321.10. The valuation, following this week’s selloff, has reached a level that warrants an “opportunistic” upgrade to Buy, May tells investors in a research note. Netflix has a highly […]
The Underestimators
The International Energy Agency (IEA), famous for underestimating demand, is at it again, lowering their oil demand forecast for this year and next. This comes as oil starts to rebound after a surprise build in crude supply and a panicked stock market set prices tumbling yesterday. Yet, while the crude oil supply increase in the […]
Citigroup Posts Bottom Line Beat With Revenues Missing Estimates
Citigroup reports quarterly earnings of $1.73 per share and revenues of $18.389 billion.
Morning Call For Friday, Oct. 12
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +1.11%) this morning are up +1.02% and European stocks are up +0.38% as global equity markets recover from their 2-day rout. JPMorgan Chase is up 1% in pre-market trading to lead bank stocks higher after it reported Q3 adjusted EPS of $2.36, above consensus of $2.26. Strength in […]
