U.S. Industrial Production Collapses Most Since 1952 Outside Of Recession
The current decline in U.S. manufacturing would be the first time since 1952 that Industrial Production has declined for four straight months without the U.S. economy not being in recession. A worse-then-expected 0.5% MoM plunge – near the worst since 2009, led to a 1.0% drop YoY, the 4th monthly decline… Another data point to ignore… […]
E The Daily Shot And Data – March 16, 2016
Greetings, We begin with Brazil where the political situation remains fluid. The rally in the nation’s currency and equity markets has ended for now. The stock market was down nearly 4% on the day. Source: barchart The Brazilian real took a 3% hit. Source: barchart All of a sudden investors realized that Dilma Rousseff is not […]
Will China’s Hot Travel Industry Continue To Pay Off For Ctrip?
Ctrip.com International Ltd. (CTRP) Consumer Discretionary – Internet & Catalog Retail | Reports March 16, After Market Closes Key Takeaways The Estimize community is looking for EPS of $0.04 and revenue of $439.91 million, 83% higher on the bottom line and $5 million greater in sales Ctrip has been the primary beneficiary of the rising travel […]
Peabody Shares In Trouble
Peabody Energy (BTU) is the largest private-sector coal company in the world. They offer a broad portfolio of coal supplies including coal produced from operations that Peabody Energy manages or owns majority interests in along with brokered coal secured by Peabody Coal trade. We have spoken a lot lately of carnage in the oil markets, […]
USD/JPY And AUD/USD Forecast – March 16, 2016
USD/JPY The USD/JPY pair fell during the course of the day on Tuesday, but found enough support below at the 112.50 level to turn things back around and form a bit of a hammer. Ultimately, this means that the market will probably rally from here, but we should run into the resistance at the 114.50 […]
Linkedin Downgraded To Equal Weight On Reduced Growth At Morgan Stanley
As previously reported, Morgan Stanley downgraded LinkedIn (LNKD) to Equal Weight from Overweight. Analyst Brian Nowak no longer thinks LinkedIn will be as big of a platform as previously expected given the slowdown in large enterprise customers’ and online talent solutions’ growth. Rising strategic investments across all businesses raise execution risk and reduce earnings power, […]
Wonderful CPI Day
My Post-CPI Tweets Good morning and welcome to another wonderful CPI day! Three notes before CPI prints in 17 minutes: First, the market is expecting a “soft” 0.2% core (something like 0.16%, rounding up) Second: If we get exactly 0.2% core, then y/y will round higher to 2.3%. Third: if we get exactly 0.3%, y/y core […]
Silver Prices Are Flat Before FOMC
Trading is muted ahead of today’s Fed rate meeting and silver prices remain trapped between last week’s low of $15.16 and this week’s high of $15.83. Key U.S. data will likely be the Inflation Report and Industrial Production figures which are on deck today and may trigger volatility, potentially creating a break to the current silver price range of $15.16-$15.83. If this is not […]
E Mid Cap Best & Worst Report – March 16, 2016
The best mid cap sectors is consumer goods. The highest scoring mid cap industry is movie production/theaters. The average mid cap score 61.46 and that’s above the four week score of 60.77. Across our mid cap universe, the average stock is trading -25.4% below its 52 week high, -1.13% below its 200 dma, has 5.76 […]
Higher Housing Starts & Lower Industrial Output In February
This morning’s US economic updates on housing construction and industrial output—the final batch of numbers ahead of this afternoon’s monetary announcement from the Federal Reserve—delivered a mixed bag of macro news, albeit with a moderately positive spin. The main takeaway: industrial production is still contracting at the headline level but manufacturing is expanding at a faster rate. On […]
