February 2017 Leading Index Review: Trends Are Mixed
This post is a review of all major leading indicators follows – and their trends are mixed. Analyst Opinion of the Leading Indicator Forecasts Most of the leading indicators are based on factors which are known to have significant backward revisions – and one cannot take any of their trends to the bank. I continue to […]
ISM-PMI Divergence Widens: Markit Estimates 2nd Quarter GDP At 1.1%, Says Profit Squeeze Underway
Unlike their counterparts at the ISM, Markit sees growth in both services and manufacturing weakening with U.S. private sector growth at a seven-month low in April. Markit notes that a profit squeeze on businesses. Input prices are rising faster than final prices on goods and services. Markit’s chief economist keeps his 1st quarter GDP estimate at […]
Tesla Inc. Stock Little Affected By Parking Brake Recall
Tesla Inc (TSLA) stock rallied on Friday, recovering a good chunk of the value it lost on Thursday after the company announced a safety recall. The problem is related to the brakes in the Model S and Model X vehicles that were built between February and October 2016. Given that this time period includes more than half […]
Maxim Falls After Automotive Growth Stalls, Peers Follow Lower
Shares of semiconductor companies that make automotive chips are underperforming the broader market and the sector this afternoon after Maxim (MXIM) suggested a slowdown in automotive may be on the horizon, despite reporting third quarter earnings yesterday that came in ahead of expectations. Earlier today, Evercore ISI downgraded shares of Maxim. EARNINGS BEAT: For the […]
Stocks Jump As Trump Promises Plan For “Biggest Tax Cut Ever” Next Week (Again)
It’s deja vu all over again… *TRUMP SAYS HE WILL UNVEIL TAX PLAN NEXT WK: AP *TRUMP SAYS PLAN TO INCLUDE `MASSIVE’ CUT FOR COS., INDIVIDUALS And the machines fell for it… As AP reports, President Donald Trump says businesses and individuals will receive a “massive tax cut” under a tax reform package he plans to unveil […]
Yields, Dollar Jump On “Massive,” “Bigly,” “Phenomenal,” Tax Cut Promise
“Bigly,” “tremendous,” “terrific people,” “phenomenal tax cuts,” “very powerful armada,” “big league,” and other bullshit platitudes. That’s what this administration lives on, and by extension, so does this market. Which is why this… TRUMP TELLS AP HE WILL UNVEIL TAX PLAN NEXT WEEK WHITE HOUSE TO RELEASE TAX PLAN NEXT WEEK, TRUMP TELLS AP …and […]
FV Why India ETFs Are Soaring In 2017
Video length: 00:08:00 Emerging market ETFs are surging in 2017 and within that space, India ETFs are the best performers. Foreign investors continue to pour money into Indian stocks as optimism about economic growth and structural reforms continues to rise. Since his election in 2014, Prime Minister Modi’s government has pushed through a lot of […]
E Gold And Unrealistic Expectations – Gold Is Not An Investment
Gold has been characterized as insurance, a hedge against inflation/social unrest/instability, or, more simply, just a commodity. But it is treated most of the time, by most people, as an investment. This is true even by those who are more negative in their attitude towards gold. “Stocks are a better investment.” In most cases, the logic used and the performance […]
The Most Dangerous Narratives Are Usually The Smartest
You’ve probably read a million market narratives that sound super smart. But have you ever read one that was so over-the-top smart that it just sounded like it had to be true? I consider myself to be a pretty smart market participant and in recent years I keep coming across narratives that sound so smart […]
