A combination of Energy sector weakness, a strong U.S. dollar and anemic global growth — particularly in China and other emerging markets — has been clouding the earnings picture in recent quarters… and we are seeing a replay of the same themes in the ongoing Q2 earnings season as well. The barrage of Q2 earnings…
by Bryce Coward, Gavekal Capital In today’s edition we highlight just a few data points: the South Korea Business Survey Index making a new low, Japan consumption expenditure having a very weak month, and Japan CPI headed back toward zero. The slowing of the biggest economy in Asia is really having a noticeable impact on…
With gold and silver on the defensive following a dramatic midnight raid on gold prices last week, Mike Gleason reached out to Chris Powell, Secretary Treasurer at the Gold Anti-Trust Action Committee, also known as GATA, to discuss possible gold price manipulation. Mike Gleason: Several days ago, we had another attack on the gold market…
A) Introduction It’s been three months since the publication of our initial bear thesis on Ballard Power Systems Inc. (NASDAQ:BLDP), and it’s time to review the risk-reward nature of the position now that the stock has fallen over 38% and hit new 52-week lows: (click to enlarge) B) Quick Review of Initial Thesis The core thesis…
Gold and silver popped today and the soaring dollar dipped as wage growth, as plotted by the ECI, was shown to be at a twenty year low. What a surprise. Keep in mind that the ‘dollar index’ DXY is hopelessly outdated, and is little more than the inverse of the Euro. And brother does the…
The S&P 500 ended the day with a modest -0.22% decline, but it gained 1.17% for the week and 1.97% for month. Perhaps the most significant economic news of the week was the rear-view look at the economy via the Advance Estimate of Q2 GDP, which came in close to expectations at 2.3%. Meanwhile, the general…
The Greek news of the day is Greek Stock Market to Reopen, With Restrictions. Restrictions People cannot draw on their Greek bank accounts to buy shares People can only buy shares with existing brokerage account cash I supposed people could transfer cash from elsewhere into stocks but no one in their right mind would do such…
The big tickle today was that wages for the second quarter were showing their slowest growth in twenty years. As if wage stagnation is news. We have seen this ‘phenomenon’ as a decades long trend as the power in the political system have shifted significantly to those with the most power and money. The bad…
No excuse needed… This seemed to sum the talking heads up today… Everyone who loves the ECI index is now searching for another index to like — GreekFire23 (@GreekFire23) July 31, 2015 Everything was awsome today after the worst wage growth in US history sent stocks soaring.. and then they unleashed The Bullard: 1408ET *FED’S…
Investing isn’t a game. If you screw up, real money is lost. As a broker and supervisor for a major discount brokerage firm for close to two decades, I saw it firsthand. People lost their children’s college tuitions and even their own retirements. Now, I’m no longer an advisor, and the following are simply my…
