I take a cyclical view on things. This means I can sometimes go years without making big changes in my views or portfolio. This is a very intentional construct and I think it’s one that most people should adhere to.
November 12, 2015
Today’s blog is very late because I had a business breakfast with a portfolio company after which it turned out that my credit cards had gone missing from my wallet which was hanging behind my seat in my handbag. The
The economic data continued in weakly this morning, with an oversized number of newly unemployed, and a continuing unemployment number that was higher than expected. Tra la. There may be little doubt that the ‘trickle down’ stimulus that has been
Multiple announcements on Friday With the multitude of announcements coming out during the session today, we expect quite a bit of volatility. There are GDP numbers coming out of Germany and the European Union, while we have Consumer Sentiment coming
The ISM released their monthly manufacturing report earlier this week. Although the headline number was a barely positive 50.1, new orders increased 2.8 and production advanced 1.1 (both increased to 52.9).These increases will hopefully keep next month’s number positive.However, only 7/18 industries reported
US equity markets had seriously bad day today with our benchmark S&P 500 slipping back into the red year-to-date at -0.63%. The index plunged at the open, made a half-hearted recovery attempt and then sold off in a couple of
If there were any questions if the US consumer was merely “strong” or “quite strong”, after the abysmal results from Macy’s first, and moments ago, Nordstrom, they should all be safely swept away now. Any time a company starts its
There was no doubt who gained control of markets today. The S&P cut clean through the 200-day MA and is on course to test former resistance turned support. This latter level will soon coincide with the 50-day MA. Relative performance
Written by Michelle Jones Cisco Systems (CSCO) released the earnings results from its first quarter of fiscal 2016 after closing bell tonight, posting adjusted earnings of 59 cents per share on $12.7 billion in sales, a 4% increase year over year. Analysts
The updated JOLTS numbers for September just confirmed more nonsense on the part of the BLS. Job openings continue to be all their own while the rest of the data series, even as the whole is indexed to the CES,
