Category Archive: Finance, No picture
Addressing Questions For The Pop In PMs
(Audio length 00:11:15) I always read a lot of differing opinion on the PMs to try to keep a balanced outlook. Some of the recent comments have been the following… Another short term fall to a double bottom. That’s the buying opportunity. Filling a couple recent gaps on the downside. Tax loss selling season. Did […]
Market Remains Overvalued – Tuesday, Oct. 2
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
U.S. 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 […]
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 […]
