November 2017 Manufacturing New Orders Improves
US Census says manufacturing new orders improved, Our analysis agrees – and the rolling averages improved. Analyst Opinion of Census Manufacturing Sales According to the seasonally adjusted data, it was aircraft which accounted for much of the increase – but the improvement was widespread. The data in this series is noisy so I would rely […]
December Jobs Report: 148K New Jobs, Worse Than Forecast
This morning’s employment report for December showed a 148K increase in total nonfarm payrolls, which was worse than forecasts. The unemployment rate remained at 4.1%. The Investing.com consensus was for 190K new jobs and the unemployment rate to remain at 4.1%. Revisions were made going back to January 2013, thus our delay in posting today’s report. Here […]
This Is What Can Happen To Bitcoin Plays
Frightening to think how many retail investors were in this one:
Warren Buffett Won A Decade-Old $1M Bet
In 2007, Warren Buffett challenged finance professionals in the hedge fund industry to accept a bet that Buffett described in his 2016 letter to shareholders of Berkshire-Hathaway (see p. 21-21): In Berkshire’s 2005 annual report, I argued that active investment management by professionals – in aggregate – would over a period of years underperform the returns achieved […]
A Sessions-Proof Strategy: Geographic Rotation In Cannabis Stocks
Earlier today, United States Attorney General Jeff Sessions issued a memo regarding the enforcement (or lack thereof) of federal laws regarding cannabis. The memo has already caused a U.S. cannabis stock sell-off, and many are wondering if it will continue throughout the rest of the week. Today’s U.S. Sell-Off To state the obvious, Jeff Sessions is the […]
Emerging Markets: What Changed – Friday, Jan. 5
(from my colleague Dr. Win Thin) In the EM equity space as measured by MSCI, Peru (+6.4%), Russia (+5.9%), and Colombia (+5.7%) have outperformed this week, while Egypt (-2.5%), Qatar (+0.1%), and South Africa (+0.1%) have underperformed.To put this in better context, MSCI EM rose 3.5% this week while MSCI DM rose 2.2%. In the […]
Cryptos Are In Fin De Bubble Mode
BALTIMORE – The big news today is that the Dow has hit a new record of over 25,000. We’ll get to that in a minute… we’re still looking over our shoulders at last year’s performance. Let’s see, the top-performing U.S. stock market sector last year was technology. An investment in the top 100 Nasdaq stocks […]
5 Fidelity Funds To Buy On Phenomenal Manufacturing Data
Per the latest report from the Institute of Supply Management, the ISM Manufacturing Index surged to reach its highest settlement in the last two years. Such an increase was made possible by an increase in factory activity. Moreover, economists feel that the new tax code would also help manufacturing activity in 2018 as it positively […]
The Market: Where It’s At
Just a trio of charts with a few words on each. Oil has had a tremendous rise for half a year; I think crude could get as high as $67 or so, but it seems to me it’s time for a temporary breather and small retrace. Gold simply can’t seem to make up its mind. […]
