Dollar, Yields Dive After CPI Disappoints
Ok, well the biggest econ print of the week is in and it’s a miss. You can read the full breakdown here, but suffice to say the CPI disappointment is another blow to the Fed’s “transitory” narrative and if this trend doesn’t turn around soon, they’ll need to come right out and admit that they are […]
Consumer Price Index: Headline & Core Below 2% Again
The Bureau of Labor Statistics released the June Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 1.63%, down from 1.87% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.70%, down from the previous month’s 1.73%. Here is the introduction from the BLS summary, […]
JPMorgan (JPM) Q2 Earnings Beat On Loan Growth, Higher Rates
Rising interest rates and loan growth drove JPMorgan Chase & Co.’s (JPM – Free Report) second-quarter 2017 earnings of $1.82 per share, which easily surpassed the Zacks Consensus Estimate of $1.57. Also, the figure reflects a 17% rise from the year-ago period. Notably, the results included a legal benefit of $406 million. Solid loan growth and higher interest […]
Inflation Siesta
The latest economic data came out this morning, and it indicates that, in spite of the Fed’s best efforts, inflation just is not kicking in. CPI fell for the fourth month in a row, and the US dollar has continued doing what it’s been doing the entirety of 2017, which is sink. In turn, precious […]
Should Platinum Be More Expensive Than Gold?
Platinum is one of the rarest elements in the world, much rarer than gold. This is why historically the white metal has been more valuable – just think of platinum credit cards which offer greater privileges and prestige than the gold ones. However, the ‘little silver’ has recently been traded at a discount to gold, as one […]
Nifty Elliott Wave View
Short-term NIFTY Elliott Wave view suggests that the rally to 9709.3 ended on an Intermediate wave (1), and the pullback to 9449.06 low ended Intermediate wave (2). The rally from there could be unfolding as an Elliott wave Zigzag structure where Minor wave A is in progress as a Leading diagonal structure. Minute wave ((i)) ended as a double three Elliott Wave structure at 9649.80 […]
Mynd Analytics Announces Uplisting To Nasdaq And Pricing Of $8.79M Underwritten Offering
MISSION VIEJO, Calif., July 14, 2017 (GLOBE NEWSWIRE) — MYnd Analytics, Inc. (Nasdaq:MYND), a predictive analytics company which brings objective physical findings to psychiatric treatment in order to reduce trial and error prescribing, announced today the pricing of its firm commitment underwritten public offering of 1,675,000 shares of its common stock and accompanying warrants to […]
Retail Sales Declines Again In June 2017
Retail sales were down according to US Census headline data. Our analysis agrees.. Backward data revisions were mixed. Econintersect Analysis: unadjusted sales rate of growth decelerated 2.2 % month-over-month, and up3.2 % year-over-year. unadjusted sales 3 months rolling year-over-year average growth decelerated 0.6 % month-over-month, up 4.0 % year-over-year. unadjusted sales (but inflation adjusted) up 1.3 % year-over-year this […]
Oil Prices Creeping Higher
Oil prices have been creeping higher 4 days in a row as OPEC plans an “emergency technical meeting” July 24. The move is tentative as the market is still buying into the invincibility of shale oil production and this myth that the global oil market is not balancing. The International Energy Agency tried to feed […]
Weekly Commodities Wrap: Zinc Surges To Fresh 3 Month Highs
Copper: Weaker US Dollar & Mining Strikes Keep Red Metal Supported The red metal climbed higher over the week boosted by weakness in the US Dollar but also by other fundamental factors. Adding further support for the industrial metal was the reported halt in the recent build-up of Copper inventories that has been hanging over […]
