New Age Mandate
A journalist’s question during Mario Draghi’s ECB post-meeting press conference: “…There was a sharp reaction from financial markets to your Sintra speech. You must have looked at the Fed experience of 2013. Is there any concern in the Governing Council that the so-called tantrum or a similar reaction can happen in the eurozone when you start […]
Retail’s Not So Conspicuous Consumption
Friday on Mish’s Market Minute Daily Facebook page, I introduced the second Modern Family cartoon character, Grandma Retail. As the megatrend of online shopping increases exponentially, brick and mortar retail chains in malls have suffered. Considering the price of Amazon’s stock is trading above $1000, Nordstrom’s in comparison, trades at $47.00. That’s nearly half of […]
Technical Market Report For July 22, 2017
The good news is: All of the major indices closed at all-time highs last Wednesday or Thursday. The Negatives New highs continued their failure to confirm the index highs. The first chart covers the past 6 months showing the Nasdaq composite (OTC) in blue and a 10% trend (19 day EMA) of Nasdaq new highs […]
Tech Stocks Earnings Due On July 24: GOOGL, CDNS & More
The second-quarter reporting cycle has begun and 54 S&P 500 members, representing 16.9% of the index’s total market capitalization, have already reported their results. Per the latest Earnings Trends, total earnings of these companies are up 11.9% on a year-over-year basis (79.6% of the companies beat EPS estimates) while total revenue is up 5.5% on a […]
British Pound Falls As Inflation Disappoints, But Will GDP Revive The Trend?
Fundamental Forecast for GBP: Bearish GBP/USD Below 1.3000 As Talks End with Little Progress. GBP/USD Technical Analysis: Back to 1.3000, Now What? As we came into this week, there were very legitimate bullish prospects for the British Pound, and this wasn’t necessarily a new story. Ahead of Brexit, Bank of England Governor, Mark Carney, warned that the […]
NRZ’s 12.5% Yield: A Deeper Dive
As a follow-up to our article on New Residential at the beginning of this week, this article takes a deep dive into a variety of big risks as well as reasons to be optimistic (and we’re not only talking about the big dividend yield). New Residential (NRZ) is a real estate investment trust (REIT), and its big […]
Strong Earnings Growth And Favorable Valuations Lead To Weak Stock Returns
One factor utilized in uncovering potential investment opportunities is to evaluate companies and sectors that are projected to generate strong earnings and cash flow growth over the course of the next year or more. The risk associated with simply reviewing earnings growth rates is the fact other variables often influence the future price performance of […]
E Market Briefing For Monday, July 24
Keeping a ‘bid’ under the market is what traders are now focusing on; as expiration is out of the way and nobody knows how to weigh prospects for a healthcare bill being passed by the Senate in the week ahead. Given a slew of pressures now, we do think they will actually try getting it […]
Your Tails Aren’t As Fat This Week…
The clear and present danger headed into this week was Mario Draghi and the extent to which he would get it “wrong” with the messaging and “inadvertently” catalyze a continuation of the rates mini-tantrum we saw in the wake of Sintra. Simple put, a rates tantrum has become one of the key risks facing markets […]
Democrats Urge Antitrust Action Against Amazon Over Whole Foods Deal
In the wake of their embarrassing electoral defeat in November, Congressional Democrats are turning against the wealthy tech benefactors who bankroll their campaigns. To wit, a group of 12 Democratic Congressman have signed a letter urging the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of e-commerce giant Amazon.com Inc.’s […]
