AUD/USD Rate Eyes February High Following Dismal U.S. Retail Sales
AUD/USD RECOVERY GATHERS PACE FOLLOWING UPBEAT CHINA DATA, DISMAL U.S. RETAIL SALES The near-term recovery in the Australian dollar appears to be gathering pace, with AUD/USD on track to test the February-high (0.7989) as it extends the series of higher highs & lows from earlier this week. Fresh data prints coming out of the global economy has […]
Billion Dollar Unicorns: Does New Relic Plan To Consolidate The APM Market?
According to Gartner, the global application performance monitoring (APM) market is estimated to grow to $5.6 billion by 2020. Billion Dollar Unicorn New Relic (NYSE: NEWR) recently announced its third quarter results. The market is extremely pleased with the company’s performance. New Relic’s Financials For the quarter, New Relic’s revenues grew 35% to $91.83 million, ahead of the analysts’ […]
US City-By-City Home Price Levels — Gains From Crisis Lows, Distance From Bubble Highs
We like to provide an update on trends in US home prices every few months based on the monthly release of the S&P/Case-Shiller home price indices. While the data has a 2-month lag, it’s still helpful for tracking longer-term trends in real estate prices from city to city across the US. The first chart below […]
Tariffs Continue To Plague The Market
My Swing Trading Approach I will look to add 1-2 new positions today if the market strength can hold this morning. I booked profits in a number of positions yesterday, but will gladly ‘hop’ back into my positions today, should the market allow. Indicators VIX – Only small push higher yesterday, of 3.6%. Very much, a […]
What Inflation Means To You: Inside The Consumer Price Index- Wednesday, March 14
Note: The charts in this commentary have been updated to include yesterday’s Consumer Price Index news release. Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has been […]
GDPNow Real Final Sales Estimate Dives To 1.1%
Following today’s retail sales numbers, the GDPNow forecast fell to 1.9% with real final sales at 1.1% The GDPNow Forecast took another dive today. Latest forecast: 1.9 percent — March 14, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 1.9 percent on March 14, down […]
A Bull’s Paradise Is A Market Looking For Reasons To Buy
The secular bull market that began on March 9, 2009 in the wake of the Financial Crisis just passed its ninth anniversary last Friday, and as if to celebrate, stocks rallied big on the strong reports of jobs growth, total employment, and labor participation, while wage inflation remained modest. All in all, it was a […]
The Fed Is Behind The Market On Rates
“Davidson” submits: Fed well behind T-Bill rates. Fed will need 0.5% rise in Fed Funds to normalize spread to T-Bill rate which is now 0.3% above FFunds. The Fed adjusting FFunds rate is has no economic impact because T-Bill rates have already shifted reflecting market forces.
Have You Considered Preferred Stocks?
We’ve written a few times before about U.S. preferred stocks. These are different from the stocks that make up what we usually think of as the ‘stock market’. The stock market is made up of ‘common stocks’. Each of the two kinds of stocks has its place, and you might very well want to invest […]
Longtime Bear Morgan Stanley Says Finally Time To Buy Ford
Shares of Ford (F) are on the rise after Morgan Stanley analyst Adam Jonas double upgraded the stock to Overweight from Underweight as he believes a “window of opportunity” has opened up, with consensus bottoming and the stock having reached attractive valuation levels amid low sentiment. The analyst believes restructuring and strategic redeployment could halt […]
