Photo Credit: Alex Proimos Lennar (LEN) Consumer Discretionary – Household Durables | Reports December 18, Before Market Opens Key Takeaways The Estimize consensus calls for revenue of $3.012 billion and EPS of $1.14, slightly higher than Wall Street’s estimates Housing starts and building permits have significantly increased in November, pointing to a positive outlook for Lennar. Despite…
Inquiring minds may be interested in a detailed look at the yield curve and spreads between various durations following the Fed’s Wednesday rate hike. Let’s start with a long-term chart from 1996 to 2015. Yield Curve 1996-Present Click on any chart for much sharper image Legend Red-Black: 30-Year Yield Orange: 10-Year Yield Blue: 5-Year Yield…
T2108 Status: 25.7%T2107 Status: 26.7%VIX Status: 18.9General (Short-term) Trading Call: bullish – see below for caveatsActive T2108 periods: Day #3 over 20%, Day #6 under 30%, Day #7 under 40%, Day #11 below 50%, Day #26 under 60%, Day #367 under 70% Reference Charts (click for view of last 6 months from Stockcharts.com):S&P 500 or SPYSDS (ProShares UltraShort S&P500)U.S….
After the sharp plunge in October, housing starts rebounded in November while building permits also increased. The robust data clearly suggests expectation of a steady housing recovery in 2016 despite the possibility of mortgage rates rising as a result of the Fed rate hike announced on Wednesday. Data released by the U.S. Department of Housing…
I have followed the oilfield services sector very closely, especially the goings on at Weatherford WFT. I have taken issue with Weatherford’s accounting treatment for goodwill and other items. Below is a synopsis of those issues. Background Weatherford provides equipment and services for oil and gas exploration and production. The price of Brent oil recently…
Last September I talked about how Janet Yellen was more afraid of a boom than a bust. Basically, she is scared that the US economy is stronger than many think and that the global economy’s weakness won’t persist and so we’ll start to see all of this translate into a stronger overall picture on the other…
Investors in 2015 may be forgiven if they feel like bobbleheads. The volatility of the markets, the speed with which opinion-holders dispense information about any event (some of it even accurate) and the sheer volume of too much data can make our head, and our thoughts, swing too rapidly hither and yon, leading us to…
In what appears to be an orderly process, The NY Fed’s first Reverse Repo operation since The FOMC ‘raised’ rates released $105.185 billion of Treasury collateral to 49 banks at a rate 25bps, draining the same amount of system liquidity. This is being greeted as good news by many as no major disprutions appear to have occurred… aside…
Written by Joe Bongiovanni I have the specific purpose of putting forth a proposition (hopefully for a wide discussion). Assertion: The United States Government does not have its own currency to use as it sees fit as an instrument of public policy; rather the government has abrogated the ‘autonomous’ control and direction of its sovereign money…
The Fed’s hubris has led it to the Dark Side. It’s not just a movie, it’s real life: the Fed-Farce awakens. Now that the Federal Reserve has finally voted to “restore order to the galaxy” with a tiny .25% rate increase, the true measure of our travesty of a mockery of a sham economy–in a phrase, The Fed-Farce–has…
