JOLTS Disharmony Is More Than JOLTS, Or Jobs
Last month it was Job Openings that soared to a new record high of more than 6 million (for April 2017), while the pace of hiring slammed lower to just more than 5 million. This month (May 2017), the opposite. Hires surged to nearly 5.5 million, while Job Openings fell sharply (and were revised lower […]
Aussie Is Approaching 15-Month Trendline
This Great Graphic, made on Bloomberg, depicts the Australian dollar since April 2016. We drew in the trendline from that April high, through the November high and the March 2017 high. It nearly catches last month’s high as well. It comes in now near $0.7725. The technical tone is favorable with the RSI turning up, and the MACDs […]
Optimism Running High On The US Economy
The June round of economic confidence surveys on the US economy is basically done and the results show optimism is still running high. I previously remarked that the initial surge may have been overstated or “too far, too fast” – but that it was probably in the right direction. I remain of that view, and would point […]
Sector Showcase: Transport Strength Reconfirms Dow Theory Uptrend
“Dow Theory” refers to a method for analyzing the stock market originally fleshed out by Charles Dow in a series of editorials all the way back in 1900. The theory has been further refined since then, but the basic tenets of Dow Theory form the foundation for much of the technical analysis conducted today. In […]
Here’s Why Warren Buffett Bought Oncor
“I hate cash. I mean we are investing. But [cash] is a holding position until you find something else. But the very fact that interest rates are that low makes it hard for us to buy other things because other people buy things with borrowed money, and borrowed money is so cheap.” – Warren Buffett in a […]
Forex Critical – Canadian Dollar: High Odds Of Rate Hike Equal High Impact Of Any Disappointment
Going into last week’s report on Canadian employment, currency speculators retreated further from what was a record net short position against the Canadian dollar (FXC) less than two months prior. Net short contracts against the Canadian dollar are less than half the record peak hit in May, 2017. Source: Oanda’s CFTC’s Commitments of Traders This retreat is […]
E Immune Pharma To Unlock Value And Create Two Separate Pure Play Companies; Cytovia, Immune
Biotechnology company Immune Pharmaceuticals (IMNP ) focuses on acquiring, developing, and commercializing innovative treatments in inflammatory disease and oncology therapeutics. In April 2017, the company announced a restructuring, forming its oncology subsidiary, Cytovia, Inc. With this restructuring, both Immune and Cytovia, unlike the previously diversified Immune, will be pure player brands with better “operational focus, […]
Is A Squeeze Forming: SNAP Borrowing Costs Hit 80%
As SNAP plumbs new post-IPO lows – currently down another 8% today to $15.60 – the brave souls who are shorting here (as opposed to the proud Millennials who are just puking their longs) are borrowing stock at extreme rates of interest. The question is – Is SNAP a zero or about to be “Volkswagen’d”? In addition to the 28% […]
NFIB Small Business Survey: Index Falls In June
The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for June came in at 103.6, down 0.9 from the previous month. The index is at the 93rd percentile in this series. Today’s number came in below the Investing.com forecast of 104.4. Here is an excerpt from the opening summary of the […]
The Worst Trade In History
Say you owned 10% of Apple (AAPL) and you sold it for $800 in 1976. What would that stake be worth today? Try $75 billion. That is the harsh reality that Ron Wayne, 83, faces every morning when he wakes up, one of the three original founders of the consumer electronics giant. Ron first met […]
