Thud: Housing Starts Plunge 6.8% As Sentiment Soars
Unless housing starts data is another one-time affair, and it could be given the volatile nature of housing starts, this recovery is nearly over just as sentiment is peaking. Econoday notes a 6.8% decline in housing starts for March to 1.215 million units seasonally adjusted annualized (SAAR). The reported dip is vs an upward revision in February […]
Erdogan’s Victory And Gold
Turkish President Erdogan won a crucial constitutional referendum. What does it mean for the gold market? On Sunday, Recep Tayyip Erdogan, president of Turkey, narrowly won a referendum that will greatly expand his power. With 98 percent of ballots counted, the “yes” vote stood at 51.4 percent. The final results are expected to be announced […]
A Crash Course In Long-Term Investing — For Short-Term Traders
Audio Length: 01:13:07 Mebane Faber is the founder and CIO at Cambria Investment Management, where he manages Cambria’s ETFs, separate accounts and private investment funds. He’s also authored numerous white papers and five books now, on various investing subjects. Meb’s a budding podcaster too, his podcast; The Meb Faber Show. The main reason why I […]
US Macro Data Crashes Most In 7 Years – What Happens Next?
The last week or so has seen both ‘hard’ real economic data and ‘soft’ survey data disappoint notably. This has sent the Citi Macro Surprise Index plunging to 5-month lows with its biggest drop since 2010. The question is – what happens to the stock market next? Of course, this is no surprise to bond traders…
Charles Schwab Corp. Q1 Earnings Top View Amid Impressive Account, Asset Growth
Written by StockNews.com Charles Schwab Corp (NYSE: SCHW) early Tuesday posted market-beating first quarter earnings results, as recent changes to its brokerage fees began to pay off handsomely. The San Francisco-based investment broker reported: Q1 earnings per share (EPS) of $0.39, which was $0.03 better than the Wall Street consensus estimate of $0.36. Revenues rose 18.0% […]
Trade Of The Year – Part III
<< Read More: Trade of the Year – Part II << Read More: A Short History Of The Post-WWII Oil price, From A Technical Perspective: Part I Is the Economy at the cusp of the next recession? or maybe worse? Part II takes a look at the macro economic backdrop for the trade of the year. Spoiler […]
Gold: Major Bull Wedge Breakout?
After surging towards $1300, gold is taking a well-deserved short term rest. Can the rally continue? Geopolitics news has gotten most of the credit for this rally, but Indian dealers have been buying huge amounts of gold in preparation for the April 28 wedding season Akha Teej celebrations. Over the past two months, that’s where most of […]
EC Is Cardinal Health A Better Bargain Than Ever?
The S&P 500 is trading at a historically expensive valuation, propped up by low interest rates, quantitative easing, and positive investor sentiment. This has made it difficult to find bargains in today’s stock market. One of the best ways to identify value is by looking for companies experiencing short-term trouble. Cardinal Health (CAH) is an example of […]
Now You Tell Us
As we move further into 2017, economic statistics will be subject to their annual benchmark revisions. High-frequency data such as any accounts published on or about a single month is estimated using incomplete data. It’s just the nature of the process. Over time, more comprehensive survey results, as well as upgrades to statistical processes, make […]
Markets Narrowing As Trump Trade Fades
We are seeing the beginnings of de-risking as for the first time since the election as the S&P 500 has broken below its 50-day trendline, but is still just 3 percent shy of its all-time high, so let’s not get overly carried away here. Volatility, in the form of the CBOE’s volatility index (VIX), rose […]
