“Davidson” submits: The Dallas Fed 12mo Trimmed Mean PCE(inflation measure) reported at 1.6%. Inflation has been low and stable since Jun 2014-see the table below. The SP500 Intrinsic Value Index for Dec 2014 is $1,912. With the SP500 at ~$2,080, the market is deemed fairly valued and well below previous periods of excess investor enthusiasm-see…
WTI Crude is down over 3.5%, dropping back towards $55 – dismissing yesterday’s dead-cat-bounce deja vu – as EIA inventory builds more than expected at 7.27 million barrels (biggest build in 2 months to 6-month highs). This is the largest inventory for the time of year since records began. Of course, while energy stocks are fading broad equity…
PTC Therapeutics, Inc. (NASDAQ:PTCT) had announced that it has commenced a rolling submission of a New Drug Application to the United States Food and Drug Administration (FDA) for the treatment of nonsense mutation Duchenne muscular dystrophy. A rolling submission allows completed portions of the application to be submitted and reviewed by the FDA on an ongoing…
A flurry of comments has been made on the Clean Power Plan proposed by the EPA. Some of those comments came with actual study results behind them. The ERCOT study presents similar results based on my paper published in Fortnightly in the October issue. Texas will likely see a carbon price/cost somewhere between $20-$30/ton depending on the effectiveness in…
The American consumer has returned in full force. Consumer spending has climbed 0.6 percent in the last two months, according to figures from the U.S. Commerce Department. Households have splurged on major appliances, 4×4’s, televisions and clothing, boosting the economy at the fastest pace in 11 years. According to Michael Gapen, the New York-based chief…
It must be nearly impossible for an objective investor to follow global financial activities. For example, India’s official reports indicate an enormous amount gold and silver imports for November. This news is hard to find unless you know how and where to look for it. Do a Google search and you will see sparse reports by bullion sites and alternative…
After decades of decline, one major U.S. industry is making a comeback. Electric utilities are rebounding, in large part due to one factor – the shale gas boom. Abundant shale gas means cheap fuel costs for heavy industry. That has caused a number of industries to expand or even re-shore their business in the United…
I don’t know about you but some of the most heated investing discussions happen after a company (say, like, Apple) announces earnings. Investors pore over earnings filings in pursuit for valuable information to support — or refute — an investment thesis. You’re going to want to check out Two Margins, a new site that allows investors…
Blue Line 4 Week Average The market was expecting the weekly initial unemployment claims at 280,000 to 294,000 (consensus 290,000) vs the 280,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 298,750 (reported last week as 298,750) to…
Plummeting oil prices, global economic weakness, and the Republicans’ win in the US midterms have delivered a triple-whammy to clean energy stocks over the last few months. Many of the stock declines are justified more by headlines than fundamentals. My 10 Clean Energy Stocks for 2014 model portfolio has suffered, especially the riskier growth stocks. The strong…
