Junior gold miners may be on the verge of a major breakout past three month highs after The Federal Reserve continues to push back interest rate increases. There is a stealth rally underway for junior miners as gold tests resistance after bouncing off its lows in late July. Investors appear to be rotating from the…
Below is a summary of my post-CPI tweets. core CPI +0.21%, higher than expected. y/y core to 1.89%. core services up to 2.7%; core goods remains at -0.5% The rise in core CPI #inflation is no surprise to anyone watching Median. But a surprise to many apparently. Owners’ Equiv (3.09% from 3.02%), Primary Rent (3.71%…
Fast forward a couple of years and the mention of the word “cloud” will no longer draw up the vision of an actual cloud, the sky, or anything even remotely related to the weather. Rather, it will, in all probability, denote storage technology and even the name of the company dominating the cloud market at…
According to a recent Bank of America Merrill Lynch survey, a majority of stock fund managers want corporations to improve their financial health as opposed to rewarding shareholders through buybacks and dividends. That has not happened since the earliest stages of the economic recovery. Why are asset managers, myself included, expressing concern about what companies…
Back in March 2015, we wrote that you shouldn’t count on the Fed to raise rates in 2015 because of deflation and slowing growth. In September, we wrote that recession is just around the corner in the US. Therefore (unlike the street), we were not surprised by Friday’s weak job report where job growth was less than expected….
As with the Empire State manufacturing region earlier this morning, economists got the negative sign correct, but missed on the magnitude. The Bloomberg Econoday Consensus estimate was -1.0 in a range of -4.0 to +3.0, but the headline number came in at -4.5 slightly below any economist’s prediction. Contraction is seeping into the Mid-Atlantic manufacturing sector. The…
We noted in an NFTRH update that the Semi’s were conspicuous in their strength yesterday. That was a good forebear for today’s broad strength. The Semi’s have been a leader since they brought the whole mess out of the late 2012 doldrums. Here is Semiconductor sector ETF SMH with an improbable (and very doable, market…
Paris – Suddenly, it has turned very cold in Paris. The sky is gray. People wear coats and scarves. It almost feels as though it could snow. Seeing the weather turn against us, we wonder what else might be coming. A chilly Paris, as seen from our balcony As we predicted, the Dow fell back…
U.S. industrial production is expected to be flat in tomorrow’s September report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction for no change in last month’s output compares with a 0.4% decline in August. Meanwhile, recent surveys of economists are projecting varying degrees of…
How is the economy doing currently? Not well. The United States has had two recessions in the 21st century, in 2001 and 2008/9. Our prognosis is that the US economy is losing steam quickly and the third recession is getting near. Let’s look at the cost of money, raw material and labor. Due to a lack…
