Here We Go Again: Government Ramps Up Borrowing As Private Sector Slows
This morning, US existing home sales plunged and the Chicago Fed’s national activity index turned negative. Both are obvious signs of a slowing economy. Anticipating this kind of news, Credit Bubble Bulletin’s Doug Noland in his most recent column analyzed the Federal Reserve’s quarterly Z.1 Report for signs of changing financial trends, and found something potentially serious. The following three charts […]
Analyst Says Intel Not ‘Out Of The Woods’ Yet, Cuts To Sell
Intel (INTC) is retreating after research firm Bernstein cut its rating on the stock to Underperform, the firm’s equivalent of a “sell” rating. Although it now seems unlikely that the chip maker will issue a negative preannouncement about its first quarter results, it is not yet “out of the woods,” according to Bernstein analyst Stacy […]
E ADRs Best & Worst Report – March 21, 2016
The best sectors across ADRs are utilities, services, and technology. The top countries are Canada, Taiwan, Chile, So. Africa, and Russia. The average ADR score is 51.17, which is higher than the average four and eight week scores of 48.35 and 45.13. The average ADR in our universe is trading -26.94% below its 52 week […]
Dow Jones Vs Silver: Trading Volume Says It All
If we compare the Dow Jones Index to Silver, we can spot a troubling trend. Normally when a stock price or index increases, so does the trading volume. This was true for the Dow Jones Index from 2002-2009. If we look at the chart below, we can see a normal market… increasing stock value and subsequent […]
Fed Warns Brexit Poses Contagious Risk To US Economy, Spikes GBP Volatility To Record Highs
As the battle between Brits’ fiercely historic “independence” and the establishment’s Project Fear, anxiety is building over the looming Brexit decision. Despite rallies in most markets over the past few weeks, UK-related risk premia remain extremely-elevates with British corporate bond risk notably decoupled from EU’s credity risk but it is the FX markets where the biggest […]
Existing Home Sales Plunge “Surprising” 7.1%, Price Concessions The Norm; What Happened?
Demand for housing in February shocked to the downside. Existing home sales fell 7.1% led by single family. Median prices fell 1.4%. Data was so bad the National Association of Real Estate cheerleaders showed concern. The Bloomberg Econoday Consensus was for 5.305 million sales at a seasonally adjusted annualized rate in a range of 5.200 million to […]
E Valeant Shares Climb 8% On CEO Resignation And Other Events
Shares of Valeant Pharmaceuticals (VRX) were halted in pre-market trading on Monday for pending news. Once shares opened they soared to a high of $31.59 per share and have since retreated. Shares of Valeant are now trading up about 8%. The news: company CEO Michael Pearson would resign from the company. This isn’t an immediate […]
Crude Oil Price Action & Prediction
Recently, Light Crude has seen a dramatic 35%+ increase in value. As the current price continue to flirt with $40 per barrel, the likelihood of a further price rise is on everyone’s mind. With recent lows near $26 per barrel, what is the possibility that oil will form a base above $30 and attempt a […]
How Important Is The Coming Buyback Blackout Period For Stocks?
Buybacks To Be Put On Hold Corporate stock buyback programs are typically put on hold during the five week period leading up to earnings season. With the meat of the earnings season coming in April, the buyback blackout period will begin soon. As a reference point, last year Alcoa reported on April 8; this year […]
