Stocks And Precious Metals Charts – The King In Yellow
Stocks bubbled sideways today, digesting the recent gains, and treading water as additional earnings and economic news comes out. I have made no secret of it, that the US equity markets seem very fully valued at this point, and are overdue for a stiff correction in the neighborhood of ten percent. That they have not […]
EC Why The Flattening Yield Curve Doesn’t Worry Me Yet
If you look at the yield curve since the early 80s double dip recession, what you’ll notice is that inversion – where 2-year rates exceed 10-year rates – precedes every recession. Right now, we’re still 70 basis points from inversion though. So far from expecting a slowdown or a recession, I would sooner expect economic […]
September 2017 Headline Consumer Credit Growth Rate Grows
The headlines say consumer credit rate of annual growth increased from last month. Our analysis agrees. Analyst Opinion of the Consumer Credit Situation Not only does this data set suffer from backward revision (moderate to significant enough to change trends), but the use of compounding (projecting monthly change as annual change) by the Federal Reserve […]
Hot Options Report For End Of Day – Tuesday, Nov. 7
The most active equity options and strikes for end of the day: CBS, WFT, AABA, BAC, AAPL, SNAP, TEVA, ZNGA.
20% Of Snapchat’s Market Cap Just Disappeared On Abysmal Earnings, Redesign
It’s deja vu all over again. Almost exactly 6 months after Snapchat reported abysmal Q1 earnings – its first since going public – which crushed its stock, the company has done it again reporting earnings that disappointed on every single metric, and missed across the board with revenues and users failing to meet Wall Street expectations, cash […]
Zynga Inc 3Q 2017 Earnings Send Shares Lower
The Zynga (ZNGA) 3Q 2017 earnings results were released after closing bell, and the company posted earnings of 2 cents per share on $224.6 million in revenue. Analysts had been expecting earnings of 2 cents per share on $207.53 million in revenue. In the year-ago quarter, the company reported losses of 2 cents per share […]
Market Talk – Tuesday, Nov. 7
The Nikkei (+1.75%) had the strongest session in Asia today, helped by the continued rally in oil (+3% on Monday) prices and strong earnings. The Nikkei reached new 26 year highs earlier on optimism of growth, mergers and fresh international investment. The index moved stronger from the opening, eventually closing at the highs of the […]
Furniture Sellers Slide As Amazon Unboxes Private-Label Brands
Shares of retailers of furniture and home goods, including Wayfair (W), Williams-Sonoma (WSM), RH (RH) and Ethan Allen Interiors (ETH), are slipping after Amazon (AMZN) took the wraps off its first private-label furniture brands. PRIVATE-LABEL FURNITURE BRANDS: Amazon has introduced “Rivet” and the more modern and higher-priced “Stone & Beam” private-label furniture brands. According to […]
Bi-Weekly Economic Review: Gridlock & The Status Quo
The good news is that the economy just printed its second consecutive quarter of 3% growth, a feat not accomplished since Q2 and Q3 2014. The bad news is that the growth spurt in 2014 was better, quantitatively and qualitatively. Those two quarters produced gains of 4.6% and 5.2% (annualized) in GDP, much better than […]
Short-Volatility Fund Cash Levels Hits Record High
While VIX futures and options speculators have pulled back (albeit very marginally) from their record short positions in the last week, ETF products betting that volatility will sink lower have never been more popular. As VIX collapsed to an 8 handle and record low close last week, futures and options specs did pull back very modestly… […]
