After a spectacular Q1, and a Q2 earnings season that blew away expectations, corporations are turning decidedly sour on their own prospects, and according to FactSet data, as companies head into the end of the third quarter 98 S&P 500 companies
September 24, 2018
Stock Investors – Slight Selloff On Friday The optimism about the trade war is way overdone. New tariffs make it more likely there will be an economic slowdown in late 2018 and early 2019. The stock market is also way
Home and Lumber prices can send important messages to how the economy is doing. The chart above looks at Lumber prices over the past 11-years. So far this year, Lumber and the DJ Home Construction index is diverging against the
I wound up having to spend less time at Bronx Science than expected—because two students whom I was supposed to help prep for their college acceptance interviews failed to turn up. These Chinese-Americans clearly lack respect for their elders, like
Symantec Corp. earlier announced that the Audit Committee of the Board of Directors has concluded its internal investigation, which was originally announced in May 2018. The Audit Committee, assisted by independent legal counsel and a forensic accounting firm, conducted a
Here’s another stand out chart from my chart packs – it’s the CRB raw industrials index, which as you might guess is a price index constructed from a basket of various industrial commodities (e.g. rubber, cotton, zinc, etc). The reason it
Following last week’s dollar weakness and concurrent reinvigoration of the reflation trade (perhaps temporary), Nomura’s Charlie McElligott is out with his latest daily missive which, as usual, offers a quick “lay of the land”, so to speak. Earlier on Monday, Mario
Political news has dominated today’s headlines on both sides of the Atlantic. In the UK this morning, Brexit Secretary Raab reiterated that he was confident that a trade deal with the European Union, surprising absolutely no one, though rumors of
The S&P China 500 is down 25% since January 26,1 an ugly and quick plunge that fits the common definition of a bear market. Who in their right mind would use “haven” in the same sentence as “China”? We will, in context. Compared to cash
In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The Japanese Yen is trading just below yearly range resistance with the FOMC interest rate decision on tap this
