March 2017 Headline New Home Sales Improve And Above Expectations
Written by John Lounsbury and Steven Hansen The headlines say new home sales improved and was above market expectations. Analyst Opinion of New Home Sales This month the backward revisions were small and the rolling averages significantly improved. This was a good month for new home sales. This data series is suffering from methodology issues which manifest as […]
Thousand Point Milestones
I just whipped this up, showing the timespan between 1,000 point increments on the Nasdaq Composite index. As you can see, there was a 17 year drought until it got another notch on its belt. Buy AMZN, AAPL, NFLX, and FB while they are cheap, everyone!
It’s “Make-Or-Break Time” And We Could See “A Painful Cleanout”
Did you read “‘A Small Spark’ Could Trigger An EM Correction, But For Now: ‘No Bears Allowed,’” on Monday? Well if you didn’t, you should. If only because this was the teaser image: No, but seriously, there’s a lot of chatter these days about how sustainable emerging market ebullience is. As a reminder, EM flows […]
Teck Resources Ltd. Reports Lower-Than-Expected Q1 Profit Due To Higher Costs & Lower Production And Sales Volumes
Teck Resources Ltd. (NYSE:TECK), North America’s largest producer of steel-making coal, reported lower-than-expected Q1 profit due to higher costs, lower production and sales volumes. BNN.ca The company said on Tuesday that: Unit production costs in the first quarter rose by $13 to $56 per ton from a year ago. First-quarter coal production was 6.1 million tonnes, […]
What The Buck Happened To The AUD, NZD, And USD Yesterday?
Experienced traders will remember a few years ago when markets were much simpler. For a period of time when the Fed was considering tapering its asset purchases, it seemed like every day was either a “risk on” day, where stocks, higher-yielding currencies and commodities rallied in sync, or a “risk off” day, where bonds, gold, […]
Wal-Mart Stock Extending Higher
Wal-Mart (NYSE: WMT) is the world’s largest company by revenue as well as the largest private employer in the world with 2.3 million employees. It’s an American multinational retailing corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. Despite being the biggest physical retailer in the world, Wal-Mart is still trailing […]
Xerox (XRX) Misses Q1 Earnings And Revenue Estimates
With operations in more than 180 countries, Xerox Corporation (XRX – Free Report) is a leader in the development, manufacture, marketing, servicing and financing of document equipment globally. Headquartered in Norwalk, CT, this century-old firm has helped organizations transform the way they manage their business processes and information. XRX has beaten earnings estimates once in the last four quarters, […]
EC Play The Game To Win
What Rick Barry and the Atlanta Falcons can teach us about risk management? “Something about the crowd transforms the way you think” – Malcolm Gladwell – Revisionist History With 4:45 remaining in Super Bowl LI, Matt Ryan, the Atlanta Falcons quarterback, threw a pass to Julio Jones who made an amazing catch. The play did […]
US Consumer Confidence Slides, New Home Sales Beat
US consumer confidence drops to 120.3, a bigger drop than had been expected but still a high score. New home sales jumped by 5.8% to 621K in March, much better than 583K projected. The figure for February was revised down from 592K to 587K. The US dollar is slightly stronger in the immediate aftermath, rising within the […]
E Canadian Banks Widen The Mortgage Market
Commercial banks in Canada have long dominated the mortgage market and they now are making their mortgages available directly to investors. The banks own the mortgage market, holding 75% of all residential mortgages and dwarfing the amounts held by competing institutions such as credit unions, trust companies and private lenders (Chart 1). Now, the banks […]
