We began the Amigos theme last year in order to be guided by the goofy riders during the ending stages of a cyclical, risk-on phase that was not going to end until the proper macro signals come about, no matter how many
October 19, 2018
“Davidson” submits: Kansas City Southern (KSU) is a lesson in market psychology. Market prices are set by what investors believe the future will look like with the perspective of current events/widely diverse perceptions. KSU, one of USA’s Class A railroads,
We are still extricating ourselves from a Google app which was added unnecessarily to our account, which has blocked my receipt of emails. So this is a rather meager blog. But before the weekend I think it important to keep
The GDPNow forecast is much stronger than Nowcast. The BEA will report GDP on Oct 26. Watch real final sales. As has been typical for two quarters, there is a wide gap between the GDPNow forecast of 3.9% and the Nowcast forecast of 2.1%.
It was another volatile week on Wall Street as investors digested a slew of earnings and the latest round of economic data. The market was quiet on Monday, then rallied 500 points on Tuesday, fell 300 points at Wednesday’s open,
For the first time since the financial crisis, the US has regained its ranking as the ‘World’s Most Competitive Economy’, according to the World Economic Forum’s Global Competitiveness Index. What’s more, the US also scored high in the “innovation” pillar of the WEF’s
Although gold has been struggling to attract investors so far this year, global central bank demand has remained strong with two European nations purchasing gold for the first time in over 20 years. Poland bought nine tons in July and
BancFirst (BANF) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly
