AMZN Slides After Hours On Report Of FTC Probe
Just last week we noted that the one entity that could ‘out-Amazon’ Amazon – the US government – was beginning to ask if Bezos’ company was too big? Tonight we got our first glimpse as the FTC sent a shot across the world’s 2nd richest man’s bow, probing allegations of illegal discounting. Reuters reports, that as part of its […]
EC No Flip Flop In Europe
Well, that clears that up. In case you missed it, back on June 27 Mario Draghi triggered the latest declared BOND ROUT!!! with what was characterized as a very upbeat economic assessment for Europe. And if things are moving forward there, they just have to be everywhere else. It came off as “hawkish” in the sense […]
E Bitcoin Investors: A Diagnosis
From what I’ve gathered there are 3 types of Bitcoin investors. Their strategies and mantras vary and there are two things they have in common. The first is simply being bullish on Bitcoin. Type 1 is the most common and in my opinion the most apt. This investor first heard about Bitcoin sometime in the last […]
Credit Spreads Tightest Since 2007
Spreads Tighten But Retail Is Weak Many investors are focused on the record highs in the S&P 500 and the Nasdaq and the VIX staying below 10 for another day, but I think the biggest story of Wednesday’s trading session is the tightening of bond spreads. As you can see from the chart below, the […]
Stock Exchange: Sizzling Summer Picks In Discretionary Spending
Our last Stock Exchange took a deep dive into the earnings season. If you missed it, a glance at your news will show that the key points remain relevant. This Week — Consumer Discretionary Spending Heats Up Our experts are picking up on this week’s theme in a big way. From luxurious cruises to hip new threads, […]
EUR/USD – Heading For 1.1700?
Mario Draghi tried. He really did. But the market would just not buy his dovish talk. The fact of the matter is that the Eurozone recovery is in full bloom and the ECB is definitely heading for a taper as it tries to normalize monetary policy after years of extraordinary measures. Meanwhile, on this side […]
Secular Disinflationary Trend Hits New Highs: Deflation On Deck? What’s That Mean For Gold?
Wage and CPI inflation, even core inflation, has surprised to the downside four consecutive months. If a recession hits, and that is just a matter of time, outright price deflation is likely. Via email, Albert Edwards of Societe Generale discusses the subject in Global Strategy Weekly. US core CPI and wage inflation have surprised on […]
Market Talk- Thursday, July 20
A strong Asian session following yet another record US performance with the added enthusiasm for central guidance from both the BOJ and the ECB. The BOJ left rates unchanged but we did hear them cut the inflation forecast for this and next years. Earlier we also saw the June Trade data release which proved to […]
Ebay Inc. Q2 2017 Earnings, Visa Inc. Q3 2017 Earnings Released
The eBay Q2 2017 earnings and Visa Q3 2017 earnings reports were released after closing bell tonight. eBay reported earnings from continuing operations of 45 cents per share on $2.3 billion in sales, against the consensus estimates of 45 cents per share and $2.3 billion in revenue for the second quarter. In the same quarter a year […]
Two Simple Steps To Beat U.S. Stocks
Americans like to buy American stocks. Europeans prefer European stocks. And Chinese investors… well, you guessed it, they go heavily into Chinese stocks. This is the essence of a phenomenon called home country bias. As investors, we feel most comfortable buying the stocks of “our own” domestic companies. And we routinely under-allocate to foreign stocks. That means U.S. investors […]
