Do you consider how inaccurate the monthly economic releases are? Every day, the markets react to the deviation from expectations for releases on employment, manufacturing, spending et al. No consideration is made to the backward revisions which effect HOW one should view the current data. Analysis of monthly movements are hardly ever correct as backward revisions,…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 163 = 17,568 SPX – 22 = 2079 NAS – 57 = 5088 10 YR YLD un 2.27% OIL – .31 = 48.14 GOLD + 9.10 = 1100.50 SILV + .08 = 14.84 Well, this turned out to be an ugly week. The…
Illinois Governor Bruce Rauner asked the U.S. Department of Agriculture to declare a disaster in areas of the state hit hard by flooding. He should have asked for disaster relief on behalf of all the nation’s corn. Illinois was the nation’s #2 producer of corn in 2014, but the potential damage from on-going flooding in the…
2009: Medicare Unsustainable. From less than 4% of GDP heading straight for 11%. 2015: Medicare You Decide. Still less than 4% of GDP heading for 6% Why is JEB still having the same conversation about viability of the program? Ten years ago I would have earnestly told you that we didn’t have an…
Could the high yield bond market be sending a precursor message to the Fed, signaling them not raise rates until 2016? While that’s a notable possibility, the market just doesn’t seem hungry enough to gobble up excess inventory from record outstanding high yield debt levels. Especially with intermediate to long-term fundamental challenges such as the…
The Nasdaq finished yesterday lower by 1.12% while the SPX fell 1.07%. Both broke back below major support. This has been a hard market for both bulls and bears. I have been on the sidelines seeing if we could take out the prior highs with conviction…. The last 4 sessions have been ugly to say…
I was just looking at some of the material from the latest Fed fumble, which was the leaked files of the Fed’s projections over the next five years. What a joke! Just take a good look at any one of the charts. It’s breathtaking how freakin’ stable things suddenly get in the future, isn’t it?…
In the last five trading days, earnings releases were in full swing for banking stocks. Effective cost-control initiatives and absence of high legal expenses helped banks that have reported so far to outpace the respective Zacks Consensus Estimate. Banks were easily able to surpass estimates owing to downward revisions just before the releases. The concerns…
Shares of Sunesis (SNSS) are down 72% today after the company reported a regulatory update from both the FDA and EMA regulatory bodies. Sunesis is working on obtaining approval for Vosaroxin in both the U.S. and Europe, to treat patients with Acute Myeloid Leukemia — AML. AML is a blood cancer that inhibits proper cell…
From 18,075 highs, The Dow Industrials – hit by a smorgasbord of missed earnings and weak guidance – has collapsed 600 points from its highs a week ago… This is the worst week for the Dow since January…
