Strong Export & Ethanol Usage, Stocks Up On Bigger Crop
Market Analysis Record weekly US ethanol production and strong live-stock numbers during the first quarter of 2017/18’s crop season has likely sparked a record domestic disappearance of corn utilizing a sizable portion of this year’s 2nd largest US corn supplies. The combination of expanding US fuel demand and better utilization of higher ethanol blends, particularly […]
Chart Of The Day: Scotts Miracle-Gro
The Chart of the Day belongs to Scotts Miracle-Gro (SMG). Since the Trend Spotter signaled a buy on 12/5 the stock gained 7.17%. The Scotts Miracle-Gro Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the world’s largest marketer of branded consumer products for lawn and garden care, with products for professional horticulture as well. The Company’s brands […]
5 Healthcare Mutual Funds To Buy In 2018
Last year was quite an eventful one for the U.S. healthcare sector in particular. The economy witnessed the Republican tax reform becoming law and three rate hikes by the Fed. Thanks to both, healthcare was one of the top performers of 2017. The Health Care Select Sector SPDR ETF (XLV) rallied 19.5% year. This momentum […]
November 2017 Headline Construction Spending Growth Improves
The headlines say construction spending was up and within expectations. Our view is that this does not consider inflation. Analyst Opinion of Construction Spending There continues to be significant backward revision to the date – this month was slightly upward and did not change the trends. The rolling averages were statistically unchanged.. Also note that […]
Australian Retail Sales Rebound In October
Australian consumers are buying once again, after months of weak spending and competitive discount. The retail sales rose 0.5 percent in October, according to the Australian Bureau of Statistics (ABS) report released on Tuesday. The strongest figure since May and higher than the 0.3 percent predicted by most economists. September number was also revised up to […]
Crude Oil: Weakens, Eyes The 56.73 Zone
Crude oil faces further downside pressure as it looks to follow through lower on Tuesday. On the downside, support resides at the 57.00 level where a break will expose the 56.50 level. A cut through here will set the stage for a run at the 56.00 level. Further down, support resides at the 55.50 level. […]
Markit Services PMI: Slower Expansion In November
The November US Services Purchasing Managers’ Index conducted by Markit came in at 54.5 percent, down 0.8 from the final October estimate of 55.3. The Investing.com consensus was for 55.9 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the […]
Billion Dollar Unicorns: 23andMe In High Gear
According to a recent report from Research and Markets, the global genetic testing market is estimated to grow from $4.6 billion in 2017 to $5.8 billion in 2022 at a CAGR of 11.7% driven by aging global population, rising incidences of genetic and hereditary diseases, growing awareness, technological advancements and rise in application of genetic […]
How Equity Returns Stack Up
With the S&P 500 finishing November with a gain of 3.1% on a total return basis, the index saw its 13th straight month of gains. That’s right. Since last November’s election, US equities haven’t seen a down month, which is pretty remarkable when you think about it. With such continuous strength, the S&P 500’s total […]
E More On Why Central Bankers Find It So Hard To Reach Their Inflation Targets
Why, after eight years of economic expansion, does inflation remain in the doldrums, presenting a real challenge to monetary policy? In an earlier blog, I looked at how the digital revolution cut the costs of manufacturing and also the delivery of services to the extent that this revolution thwarted any prospects of inflation accelerating. In […]
