Leading Indicators Not Suggesting Imminent Market Peak, Recession
Several skeptics responded to our piece last week looking at the yield curve as a leading indicator (see Yield Curve Not Suggesting Imminent Market Peak, Recession) by saying that the yield curve is no longer reliable because of the Fed’s distortions on the market. This was essentially the same view given by Bill Gross in his July […]
Alphabet Q2 Earnings In-Depth: Cost-Per-Click Down 23%
Alphabet Inc. (GOOGL – Free Report) reported its second-quarter earnings after the closing bell on Monday. The internet powerhouse posted strong revenue numbers, while profits dipped thanks to a massive EU fine. Shares of Alphabet fell 3.01% in after-hours trading to $969.83 after it reported its second-quarter earnings. Alphabet is currently a Zacks Rank #3 (Hold) and […]
Lennox International Inc. Reports New All-Time Highs For Revenue, Total Segment Margin & Profit In Q2
Lennox International Inc. (LII), a global leader in the heating, air conditioning, and refrigeration markets, today reported that revenue for the second quarter was up 8% to a record $1.102 billion FINANCIAL HIGHLIGHTS Revenue: UP 8% to $1.102 billion Gross Profit: UP 8% to $341 million, up 8% Gross margin: Flat at 30.9% Income from […]
EC Why It Will Continue, Again Continued
Part of “reflation” was always going to be banks making more money in money. These days that is called FICC – Fixed Income, Currency, Commodities. There’s a bunch of activities included in that mix, but it’s mostly derivative trading books forming the backbone of math-as-money money. The better the revenue conditions in FICC, the more […]
Barclays Exit Of Energy Business Triggers Surge In Oil Options Trades
Several hours before the US stock market opened on Monday, the commodity world was shaken by an unexpected surge in crude options trades, with traders noting that “someone is either moving positions, blown up or getting out of commodities. MASSIVE amount of blocks going through in crude options.” Someone is either moving positions, blown up […]
Sector Strength – Monday, July 24
We are on watch for a peak in this short-term uptrend. This failed break out for the Transports is a bit worrying, but so far not too much damage has been done. The bullish percents continue to support the market uptrend. Sector Strength What is this spreadsheet telling us? QQQ is still the market leader, […]
World Markets Update – Monday, July 24
All eight indexes on our world watch list have posted gains for 2017 through July 24. The top performer thus far is Hong Kong’s Hang Seng with a gain of 22.03%, followed closely by India’s BSE SENSEX at 21.10%. In third is our own S&P 500 with 10.32%. The Last Four Weeks The tables below […]
Norway’s Oil Consumption Rises Despite Surging Electric Vehicle Sales
The “peak demand” hypothesis is the idea that demand for oil will peak as alternatives to oil become widespread. The notion that peak demand will happen within the next few years – and that EVs will be the primary driving force behind this shift – has gained in popularity over the past couple of years, […]
Dodge Construction Index Shows Weakening Trend In Mature Market
Construction starts rose four percent in June according to the Dodge Index of New Construction. For the second quarter, construction starts are down substantially. The overall trend is also down, indicative of a mature market. New construction starts in June grew 4% from the previous month to a seasonally adjusted annual rate of $679.9 billion, according […]
