Stocks And Precious Metals Charts – Thursday, October 19
Today is the 30th anniversary of Black Monday, the crash of 1987.I remember it very well. As you may not recall, on Tuesday following the crash, with the futures market indicating a significantly lower open, Alan Greenspan and the Fed came in buying SP 500 futures in order to turn the markets around. And it […]
Investor Sentiment Dips In Yale Confidence Surveys
The Yale School of Management runs a monthly sentiment survey on both individual and institutional investors. Four questions are asked of investors, and below we provide charts showing the historical results through September 2017. The first chart shows the results for Yale’s “One-Year Confidence” reading which asked respondents how confident they are that the stock market will […]
PayPal Holdings Inc. Q3 2017 Earnings Send Shares Higher After Hours
PayPal Q3 2017 earnings were released after closing bell tonight, and the company reported non-GAAP earnings of 46 cents per share on $3.239 billion. Analysts had been looking for 43 cents per share in adjusted earnings on $3.17 billion in revenue. In the year-ago quarter, PayPal reported 35 cents per share in earnings on $2.667 billion in […]
Stocks Are More Than Twice As Highly Valued Today Than They Were In 1987 Before The Crash
Today is the 30th anniversary of the stock market crash of 1987 so I thought it might be interesting to compare today’s stock market to that earlier one. Using the ‘Buffett Yardstick’ it’s clear that stocks are more than twice as highly valued as they were back then. Personally, I prefer the chart of the […]
Great Lakes Economy: Examining The Cross-Border Supply Chain
If the region surrounding the Great Lakes was its own country, it would be the 3rd largest economy in the world with a GDP of $6 trillion. That’s bigger than Japan or Germany, and certainly a force on the global stage. However, this highly-integrated Great Lakes economic engine is different than many others – that’s because it […]
Gold Creates Bullish Higher Low
We had an interesting development in stocks today. The market hit a no-bid ‘air pocket’ and the price dropped 100 points right out of the gate. This is not a good sign if you are a bull, The price has recovered this evening but I am marking this one in my diary as the first […]
Is Everything Expensive?
The chart below is interesting because it appears that profit margins are near their current peak. I expect Q3 margins to be down, but that’s only because of hurricane related weakness. My inkling is that the numbers here might be different because they are pre-tax margins. The stats I look at are all after taxes. […]
Weather Saves Natural Gas This Time
If one were to look at the day-over-day movement of prompt month natural gas prices or the Henry Hub cash market today, it would seem like not much of interest occurred. One quick look at the daily natural gas candlestick chart, however, and the story quickly changes. To start, this morning the Energy Information Administration […]
Apple Drags On Nasdaq After Report Of Reduced Iphone 8 Orders
Shares of Apple (AAPL) and some of the company’s suppliers are sliding after a report by a Taipei newspaper saying the tech giant reduced orders for its iPhone 8 models by over 50% for the remainder of the year due to a lukewarm reception. Commenting on the news, Drexel Hamilton analyst Brian White told investors […]
The ECRI Index Is Pointing To Weak Economic Growth In The Months Ahead
I don’t have time for much today… The two major bullish percents heading in opposite directions. The Short-Term Leader List The strongest ETFs are blue, the additional leaders are green and the weakest are red. The S&P500 is the benchmark. Outlook The ECRI index is pointing to weak economic growth in the […]
