Welcome to edition 265 of Insider Weekends. Insider buying declined significantly last week with insiders buying $6.83 million of stock compared to $87.6 million in the week prior. Selling on the other hand increased with insiders selling $522.48 million of stock last week compared to $373.29 million in the week prior. Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by…
As long as there are people who still believe that the gold market is uniquely manipulated rather than simply in sync with the world economy, then the sad truth remains that we have not yet seen the bottom of the slide in gold prices just yet. Gold’s weakness led to a brutal sell-off among the…
Additions & Updates in This Week’s Report Additions – economic and asset allocation summaries, fundamental US sector allocations Updates – fundamental US sector data Economic Summary Initial Jobless Claims – flat Inflation – flat / below target Wage Growth – falling Housing – single-family: falling, multi (rentals): expanding Sentiment – falling Retail Sales – weak / recessionary Inventories – high / recessionary Production &…
The special interest in 2nd quarter earnings continues. With a light week on data and an apparent reduction in geopolitical concerns, I expect continued attention to corporate earnings. Pundits will be asking: What is the verdict on earnings? Prior Theme Recap In my last WTWA I predicted that attention to earnings reports would dominate over Fed news. Many…
Fidelity Select Utilities Portfolio (FSUTX – MF report) a Zacks Ranked #2 (Buy) invests a large portion of its assets in common stocks of companies principally engaged in utilities industries and companies deriving a majority of their revenue from utilities operations. FSUTX offers dividends & capital gains twice a year in April and December. This Sector – Utilities…
The Philadelphia Fed yesterday posted the results of a revision of both coincident and leading indices, as explained here. The resulting plot for California, Kansas, Minnesota, Wisconsin and the US is shown below. Figure 1: Coincident indices for Minnesota (blue), Wisconsin (red), Kansas (green), California (teal), and the US (black), all in logs, normalized to 2011M01=0….
There’s a village in Japan where the dead outnumber the living, and I don’t mean the ancestors in the cemetery. The bodies are dispersed around the small town of Nagoro. It’s a small community of some 35 people, most in their 60s or older. The place is so sparsely populated that the locals consider their 150-plus…
by Scott Lucas, The Conversation Iran and the 5+1/E3+3 Powers (US, Britain, France, Germany, China, and Russia) have at last completed a comprehensive nuclear agreement after years of discussions and threats of conflict. The deal sets out requirements for keeping Iran’s nuclear programme from producing nuclear weapons, and establishes a timeline for lifting sanctions that have pushed the country…
Were it not for the trauma of the past six years, an objective technician would sell his overpriced Palo Alto house, put it all into OEX November puts, and prepare to make tens of millions of dollars. As it is, I’ll just share the chart.
Following a small dip in May CPI ex Food & Energy YoY, June saw a rise of 1.8% (as expected), hovering near the highest since October. Headline CPI continues to trot along the flatline (printing +0.1% YoY as expected) enabling monetary policy to run amock hyperinflating financial assets while standards of living continue to drop. However, all of this…
