Category Archive: Finance, No picture
E SPX Slips Below Trendline
VIX has bounced from its mid-Cycle support at 15.45 this week to test the Cycle Top resistance at 23.93. A buy signal was given last Thursday. The current period of strength may last through the weekend. ZeroHedge comments on the VIX. The NYSE Hi-Lo Index has been closing under 0.00 for the past week.confirming the […]
How Target Is Challenging Amazon
As it redesigns its stores, Target (TGT) is getting back to offering fashion-forward merchandise at decent prices. If it can keep that momentum going, it will help set the company apart from its peers including Walmart (WMT), Amazon (AMZN) and Kroger (KR). Nestled inside Target’s Minneapolis headquarters, racks of unfinished clothes line the walls. In […]
Trump Slams Fed As “Crazy”
Just 1 day after saying he has not met with Powell because he did not want to interfere, Trump slams the Fed as “crazy”. Bloomberg reports Trump Steps Up Fed Pressure With ‘Gone Crazy’ Jab After Sell-off. President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after […]
Delta Air Lines (DAL) Surpasses Q3 Earnings Estimates
Delta Air Lines (DAL) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected […]
The Fed Has Not Gone ‘Crazy’, But…
Trump calls the Federal Reserve ‘crazy’ – he is in fact not all wrong as the decline in global stock markets are a result of tighter global monetary conditions (much more so than because of the ‘trade war’.) On the other hand, the Fed has been right in hiking interest rates this year as inflation […]
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 […]
