UK Retail Sales In Strong Decline
To quote Bill Clinton, “It’s the economy, stupid…”. There has been much speculation about Theresa May’s motivation for calling a general election three years early, when she has an absolute majority of 12 in the Commons and when her Brexit legislation (so far) has gone through parliament unscathed. Opinions vary with some claiming that she […]
Amazon-Proof: The Blueprint For Surviving The Retail Apocalypse
We all know that Amazon Inc. (AMZN) has completely disrupted the retail space. With more consumers doing much of their shopping online — many retail companies are living on borrowed time. Especially when you consider that almost half of U.S. households are now Amazon Prime subscribers, according to a report from Consumer Intelligence Research Partners. […]
A Rising (Central Bank) Tide Turns Everyone Into A Genius
Until the system implodes–you’re a genius. So you’ve ridden the markets higher–stocks, housing, commercial real estate, bat guano, quatloos, you name it–everything you touch turns to gold. What can we say, bucko, other than you’re a genius! It’s a market truism that rising tides lift all boats. But that’s not the really important effect; what really matters […]
How The S&P 500’s P/E Ratios Can Levitate
Economics writer Robert Samuelson is worried. Specifically, he’s worried about why stock prices have risen so much in response to Donald Trump’s election as U.S. President on 8 November 2016. In worrying, he not only conveys the conventional wisdom that seeks to explain the “Trump Rally” as some sort of outpouring of animal spirits linked to the promised policy […]
About Caterpillar’s “Tremendous Earnings Growth”, There Is Just One Thing…
With CAT and MCD accounting for over 100 of the 250+ Dow points yesterday, one would think that, as CNBC has repeatedly stated yesterday, these two companies are posting “tremendous earnings growth.” And, in a way they are… a non-GAAP way. Because while CAT reported adjusted EPS of $1.28, up exactly 100% from a year […]
Australian CPI Only OK – AUD/USD Slides
Australia releases its inflation figures only once per quarter, making every publication a big market-mover. Volatility did not disappoint this time either. The headline q/q figures came out at with a minor miss of 0.5% instead of 0.5% expected. Year over year, the miss was similar: 2.1% against 2.2% projected. AUD/USD still responded with a downfall, dipping towards […]
Maybe A Bit More Complex Still?
One of the defining characteristics of the 2011 crisis was dollar swaps. Almost all attention was paid to PIIGS and focus on the European banks holding their debt, as well as the very real possibility that all would break up the euro. Behind all that was the same dollar troubles as in 2008, and for […]
Aussie Dips After Economic Data Released
The Australian dollar was down 0.27 percent by midday on Wednesday trading at 0.7518 after economic data was released earlier in the trading session. Australian consumer price inflation scarcely topped 2 percent in Q1 for the first time since 2017, creating indicators that the danger of deflation may be passing. The Reserve Bank of Australia’s […]
USDCAD Elliott Wave View: More Upside
Short term Elliott Wave view in USDCAD suggests the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at 1.3406. Minute wave ((w)) is subdivided as a Flat Elliott wave structure where Minute wave (a) […]
E GBPUSD Taking-Off
Cable is making a strong rise away from 1.2364, clearly in an impulsive fashion which can see an extension up to 1.3140 area for wave C. That said, recent slow price activity was sub-wave 4), which may have already found a base and current intra-day rally may be the start of sub-wave 5) of three. […]
