The modern era has witnessed two great periods of transformation that radically changed the global economy and the very nature of human existence. The Industrial Revolution of the 18th and 19thcenturies and the shift to a postindustrial economy over the past fifty years are old news. Today, the Global Economy is undergoing a third period of…
For anyone trying to trade today, this post is moot. For everyone else, when less than 1K ES contracts take out not 1, not 2, not 3 but 4 levels of order book depth… Then one better pray that Waddell and Reed does not sneeze, and certainly not sell (or, gasp, short) anything in size or…
Stock Market to Janet Yellen: “I dare you to talk tough about Fed Funds rates. I double dare you!” (SPY) is at our NFTRH+ target, which does not mean it needs to stop dropping yet. But it is at our conservative target.
Internet sensation Baidu Inc. (ADR) (NASDAQ:BIDU) is taking a keen interest in taxi-hailing app Uber. The Chinese giant has reportedly made over a $600 million investment in Uber, with full details set to be made public at an upcoming press conference on December 17th. Its investment in Uber will help Baidu increase its market penetration…
Developments in the coming days will likely push the People’s Bank of China into easing monetary policy the near-term. Many have been looking for a follow up move since the PBOC surprised the market on November 21 by cutting interest rates for the first time in two years. Tomorrow HSBC will release its preliminary manufacturing PMI…
Since 2010, the average return of our weekly best scoring ADRs have outpaced the MSCI EAFE by a median 465 bps over the following year, with no turnover. The average ADR score is 43.54, below the four week moving average score of 48.27. The average ADR is trading -27.07% below its 52 week high, -10.69%…
The headlines say seasonally adjusted Industrial Production (IP) improved. Econintersect‘s analysis agrees – and the unadjusted rolling averages are accelerating from positive backward revisions. Headline seasonally adjusted Industrial Production (IP) increased 1.3% month-over-month and up 5.2% year-over-year. Econintersect‘s analysis using the unadjusted data is that IP growth was up 0.7% month-over-month, and is up 5.2% year-over-year. The unadjusted year-over-year rate of growth accelerated 0.4% from last…
Housing starts are expected to increase to an annual pace of 1.030 million in tomorrow’s update for November, according to The Capital Spectator’s median point forecast for several econometric estimates. The projection represents a moderate improvement over October’s 1.009 million units. Three estimates based on recent surveys of economists point to a slightly higher gain…
UPDATE: Standard USDJPY -driven momo bounce off various support levels for S&P… Well that escalated quickly… again. While credit markets were not buying the dead-cat-bounce in stocks and oil this morning (Energy HY >1000bps, HYCDX >400bps), financial media was cock-a-hoop… “the bottom is in.” Well we have a new bottom. WTI Crude futures have tumbled back…
Murmuration The market is a giant living organism of human behavior and trying to predict what the market will do in two weeks, much less twelve months from now, is pure folly. However, by looking at the price trends, and using some statistical analysis, we can garner a view of the direction that the “herd” is most…
