New Jobless Claims Nudge Down 1,000 To A New Interim Low
Here is the opening statement from the Department of Labor: In the week ending May 9, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 1,000 from the previous week’s unrevised level of 265,000. The 4-week moving average was 271,750, a decrease of 7,750 from the previous week’s unrevised average of […]
U.S. Industrial Production: April 2015 Preview
No change is expected for US industrial production in tomorrow’s April report vs. the previous month, according to The Capital Spectator’s median point forecast for several econometric estimates. The median prediction of flat performance represents an improvement over March’s steep 0.6% decline. April forecasts of industrial activity based on recent surveys of economists range from […]
Jobless Claims Collapse Near 42 Year Low, But Texas Turmoils
Only once in the last 42 years have jobless claims been lower than this week’s 264k print… Other than April 2000, this is the ‘best’ jobless claims print since 1973! Seems like ZIRP is well-warranted. But not everyone is loving it as Texas continues to turmoil (no matter how diversified the talking heads tell the people their economy […]
US Dollar Updated – May 14, 2015
The trend line from last summer is lost and the 94 +/- short-term support area is breaking down, per the weekly (live) chart. Now we look ahead to major support and the potential for a 38% or 50% retrace of the entire rally out of last summer. Monthly chart…
What Were The Best And Worst Apple Inc. Ratings Of The Past Year?
Apple Inc. (NASDAQ: AAPL) is one of the world’s hottest stocks. Early investors who held onto Apple have made millions thanks to the stock’s continued success. Over the past year alone Apple stock has increased nearly 50% thanks to the long-awaited release of the iPhone 6/6+ and expanding sales in China. Which analysts made the most cunning […]
Boss Hog
Many months ago, a Sloper (who seemed quite knowledgeable on the subject) said that Harley-Davidson was going to be facing worsening conditions and that it should be shorted. I didn’t leap on that idea nearly fast enough, but I’ve been short HOG for a while, and it’s good to see the chart beginning to break […]
Kohl’s Corp. (KSS) Beats Q1 Earnings; Lags On Revenue
Kohl’s Corporation (KSS – Analyst Report) is a U.S. based department store chain that operates specialty department stores and an e-commerce site in the U.S. The department store appeals to middle-class consumers as it sells discounted branded and private label clothing and home goods. Like most of the retailers, Kohl’s has struggled hard in the past one year, […]
Wholesale Deflation Strikes U.S. Economy: April PPI Has Biggest Annual Drop In 5 Years
Something funny happened on the way to the global reflation (telegraphed so loudly by the recent surge in 10Y yields (TNX) to the highest level of 2015): PPI just crumbled by a sequential 0.4% in the month of April, despite expectations it would rise by 0.1% and continue the 0.2% monthly increase seen in March. […]
Crisis Breeds Innovation: The Roots Of The “Sharing Economy”
Crisis breeds innovation… and since the financial crisis, people and businesses have come up with some pretty creative solutions to make ends meet. With strong, full-time employment a rare commodity these days, it’s no surprise people would take the simplest path for the greatest good. We call it the “Uber Economy” or the “Sharing Economy” […]
