The precious metals’ gains from yesterday were smacked lower in the London PM fix and the NY open, as the currency reversal higher in the dollar took down almost the entire commodity index as expressed in the buck. Gold and silver are now both short term oversold. There was another large gold delivery ‘house to…
Strong gains in housing starts and building permits last month indicates that the housing market is back on track to finish the year on a positive note. While building permits registered the biggest monthly gains last month since June, housing starts recovered strongly in November after declining to a seven-month low in October. Also, single-family…
The Fed pricked the financial bubble yesterday as expected. Janet Yellen’s press conference couldn’t have been more perfect for our investment thesis at my new research publication, Stockman’s Bubble Finance Trader. It confirmed that the money printers have come to a stark dead end. The fact is, the global economy is deflating rapidly and the U.S….
The Conference Board Leading Economic Index (LEI) for the U.S.improved this month – and the authors believe “the economic outlook for the final quarter of the year and into the new year remains positive”. This index is designed to forecast the economy six months in advance. The market (from Bloomberg) expected this index’s value at…
A chart of the DAT freight index posted on CCJ Indicators shows a massive, ongoing collapse in trucking shipments. “Spot freight falls 15 percent: The amount of freight available on the spot market fell 15 percent in November from October, DAT reported last week. That dip is in line with seasonal trends, the online loadboard said. Year…
“Every century is like every other, and to those who live in it seems worse than all times before it… thus much of comfort do we gain from what has been hitherto, not to despond, not to be dismayed, not to be anxious, at the troubles which encompass us. They have ever been; they ever…
From this – “See, rate hikes are awesome…” To this… US equities quickly tumbled as the NY session opened, erasing Yellen’s gains, then trod water… then ended the day “NOT OFF THE LOWS” FANGs puked into the close… Leaving S&P, and Dow back in the red for 2015… And while stocks are up for the week,…
Now that the Federal Reserve (Fed) has finally moved the market beyond the discussion of when the initial rate hike will take place with their increase of the Federal Funds Target Rate by 25 Basis Points (0.25%) yesterday, we believe that the stock market will likely move higher over the course of the last couple…
Wow. $TK just dropped a bomb with the dividend cut. Stock down ~60%. Underlying MLPs “pulled a $KMI” by opting to self finance. — Charles Sizemore (@CharlesSizemore) Dec. 17 at 04:35 PM To really illustrate how bad it is in MLP land, $TK cut its dividend by 90% and still has a relatively high yield…
Accenture plc (ACN – Analyst Report) reported first-quarter fiscal 2016 earnings per share of $1.28, which missed the Zacks Consensus Estimate of $1.31 per share. Also, on a year-over-year basis, earnings decreased 1% from $1.29 per share. The year-over-year decrease was primarily due to the negative impact of a higher tax rate. Revenues and Bookings Accenture’s first-quarter net…
