The Short-Term Trend The short-term uptrend refuses to top out despite the signs of short-term stress such as this chart below of the VIX which is pointing higher. The Nasdaq bullish percent has rolled over, although the NYSE bullish
October 24, 2017
Thanks to MMM and CAT (150 of The Dow’s 170 points today)… The Dow is massively outperforming today… And even more so on the year… In fact, this is the great Dow outperformance over the S&P since 2008… and that
America’s 2017 fiscal gap will come in near $6 trillion, nine times higher than the $666 billion deficit announced by the US Department of the Treasury week, says Laurence Kotlikoff, an economics professor at Boston University. “Our country is broke,” says Kotlikoff,
AMD Q3 2017 earnings were released after closing bell tonight, and the company posted adjusted earnings of 10 cents per share on $1.64 billion in revenue. Analysts had been expecting earnings of 8 cents per share on $1.5 billion in revenue. In last
CNBC’s Julia Boorstin reports on the quarterly earnings report for AT&T.
All eight indexes on our world watch list have posted gains for 2017 through October 23. The top performer thus far is Hong Kong’s Hang Seng with a gain of 28.66%, followed by India’s BSE SENSEX at 21.79%. In third
Q3 Earnings Look Great So Far This is the first week where earnings summaries include a significant portion of reports from Q3. As of the end of last week, 17% of S&P 500 firms reported earnings. According to S&P Dow
Towards the end of financial bubbles, asset prices behave in ways that can’t be explained with rational/historical metrics. So new ones are invented to make sense of things. In the 1990s tech stock bubble, earnings were “optional” and “eyeballs” –
Chipotle Mexican Grill (CMG) 3Q17 earnings were released after closing bell, and the company reported non-GAAP earnings of $1.33 per share on $1.13 billion in revenue. Wall Street had been expecting earnings of $1.63 per share on $1.14 billion in
The Markit USA flash (preliminary) composite PMI shows strength this month as have other diffusion index reports including ISM and the Fed regional reports. Delivery delays contributed to manufacturing strength. Those delays are a hurricane impact as are reports of
