Retail Sales (US) Are Exhibit No. 1
In January 2016, everything came to a head. The oil price crash (2nd time), currency chaos, global turmoil, and even a second stock market liquidation were all being absorbed by the global economy. The disruptions were far worse overseas, thus the global part of global turmoil, but the US economy, too, was showing clear signs […]
The Real Adrenaline Shot? Kansas Since The End Of The Brownback Experiment
Kansas employment nosedived in June, and has bounced back since the Brownback tax cut was rolled back. Kansas employment is catching up with Missouri after lagging. The Philadelphia Fed’s coincident and leading indices also point to a recovery in Kansas. Figure 1: Nonfarm payroll employment in Kansas (blue), on log scale. Source: BLS. Notice that NFP […]
Retail Sales Moderate, Still Show Huge Hurricane Impacts, Especially Autos
October retail sales rose 0.2% following a revised 1.9% gain in September, up from 1.6%. Autos continued to surge up 0.7% from September’s 4.6% rise. Excluding autos, sales rose only 0.1% Retail Sales Changes by Type of Business Charts from Census Department, highlights and callouts mine. Hurricane effects have distorted both month-over-month and year-over-year comparisons. Hurricane […]
Arrests In Saudi Arabia Are A Triple-Digit Opportunity
There are 60 major stock exchanges in the world. By itself, the New York Stock Exchange (NYSE) is bigger than the 50 smallest exchanges. Many investors never even think about investing in the 50 smallest exchanges. This means they are missing out on the most exciting opportunities in the world. Some of the smallest markets […]
Spot The Difference
US equity markets have rebounded aggressively off their opening plunge on the heels of a sudden magical bid… Can you guess where from… Now that Europe is closed – what happens next?
Market Doom Loop Update: Risk From VIX ETPs, CTAs Flashes Red
It’s all about “loops” and “spirals” these days. On Tuesday some folks were out warning that if the NAV discount on high yield ETFs gets too wide, it could conceivably lead the arb crowd that’s implicitly responsible for making sure everyone’s worst ETF fears aren’t realized to act irrationally thus short-circuiting the safety valve in […]
Welcome To India’s Economic Jungle
In an African folk tale, a prince can only be coronated when he can sense the faintest noises of the jungle that even most alert predators tend to skip. The world of investing is similar. Surrounded by commotion and distractions, this economic jungle can lead even the most experienced predators to miss the whispering winds […]
SORL Auto Parts Shares Explode 39% On Earnings Report
SORL Auto Parts, Inc. (NASDAQ: SORL) A little-known China-based auto parts company that trades on the Nasdaq Market Exchange reported their quarterly earnings on Tuesday, November 14th, 2017 after the market closed for regular trading. Instantly, the shares exploded and rocketed higher. Shares which had originally closed the day at $5.99 shot up and closed […]
September 2017 Headline Business Sales Declined
Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows unadjusted sales contracted relative to last month whilst inventories also grew. This is the opposite of the headline view. Analyst Opinion of Business Sales and Inventories This was a worse month for business sales compared to last month – and inventories remain […]
FV 5 Best Charts To Finish Earnings Season
Third quarter earnings season is winding down, but this week there are still over 250 companies expected to report earnings, with many of them being the specialty retailers and a couple of big technology names. The retail sector has been one of the gloomiest groups on Wall Street. Many investors believe that they will ALL […]
