Steen Jakobsen On The Next 30 Years: “Everything Is Deflationary”
Steen Jakobsen, Saxo Bank chief economist and CIO just pinged me with a PowerPoint presentation on the preceding and next 30 years. He commented “I somehow to my own surprise came to one single trend I believe in: everything is deflationary. Enjoy the “funny pictures” and the outlook.” 30 Years Ago Current and Foreward Trends […]
Finding A Stock To Buy In Today’s Market
Stocks end the day flat as the FOMC announcement came and went with no surprises. In this market update video we look in-depth at which big name stocks are taking a beaten and now offering a healthy dividend. Investing doesn’t have to be sexy. Watch this video to find out which stocks to buy and […]
Whole Foods Posts Record Revenues, Comps Down 1.9%
Whole Foods Market (WFM – Free Report) released its fiscal third-quarter financial results, and the company was quick to show off its record-high revenues of $3.7 billion. Nevertheless, the grocery chain faced familiar problems, as comparable-store sales and earnings slipped again. Total revenues were up 0.6% year-over-year, while comps slipped about 1.9%. Adjusted earnings came in at […]
A Dovish Fed Day In Charts
So “dovish” it was, or at least “dovish” was the market’s read on the Fed statement. The language on the outlook for inflation was timid and “relatively soon” on the balance sheet gives them an out if they end up needing it. “The post-meeting statement noted that the Committee expects to begin balance sheet normalization ‘relatively […]
Market Talk – Wednesday, July 26
Asia closed broadly positive following yet more European and US stock records. Given stock, strength has reversed the yen’s gains and in late trading see the currency back above the 112 level. The Nikkei added an additional 0.5% with automakers benefiting as European rivals suffer from detrimental events but also as better than expected results […]
Beyond Bitcoin: Why Cryptocurrency “Tokens” Are The Future
On June 4th 2012, one Bitcoin was worth $5.49. On June 6th 2017, the price of Bitcoin closed at $2,851…good for a 51,000%+ gain in five years. This truly incredible surge has minted thousands of new millionaires. It has also birthed a booming cryptocurrency industry. After seeing early Bitcoin investors get rich, some of the world’s most talented entrepreneurs […]
Surging Corporate Profits? Not For The Rest Of This Economic Cycle
Are corporate earnings genuinely wonderful? It may depend on your perspective. For example, after-tax corporate profits have grown at an annualized pace of less than 1% over the last 5 years. You won’t find many 5-year periods that have been as anemic as that. In the same vein, earnings per share (EPS) growth has been […]
Can Celgene Beat The BioTech Industry Once Again?
Photo Credit: HCC Public Information Office Celgene Corporation (CELG) Releasing 7/27/17 BMO The Estimize consensus calls for EPS of $1.79, two cents higher than the Wall Street consensus. Currently, the Estimize community is looking for revenues of $3.214B, slightly lower than the Street’s expectation for $3.225B. Will Celgene be delivering an earnings surprise this quarter? Let’s […]
Where To For Gold?
Regular readers know I’m a big fan of discrimination. As such, I choose my friends wisely. I chat regularly with a select group of friends and colleagues whose particular areas of expertise and intellect I value deeply. Sometimes we agree… and sometimes we don’t but always the thought process is extremely valuable. It is where we […]
Will Central Bank Liquidity Dry Up In 2019?
Central Banks About To Break The Market I think that many investors who are saying the Fed’s balance sheet unwind will be a nothingburger are tired of the story and they think it’s overkill. They are also myopic in their thinking. The chart below shows that even though we have been talking about an unwind […]
