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Author Archives: Darren Marchal
JOLTS Recap: Manufacturing Quits Explode
Today’s Job Opening and Labor Turnover Survey from the Bureau of Labor Statistics showed little change to the broad labor market picture. As shown in the charts below, the quit rate is very stable at round 2.2%. That rate is slightly higher for the private sector at 2.4% but as with the broad quit rate,…
EC The VIX And
Most market participants have accepted that 2018 is unlikely to be another low-volatility year like 2017, but how do we translate the rising volatility into our market forecast? Some Wall Street bulls such as RBC’s Lori Calvasina have revised their year-end forecasts down recently.* Are those revisions because of the higher VIX? First, given that…
China’s Exports Are Interesting, But It’s Their Imports Where Ref...
Last month Chinese trade statistics left us with several key questions. Export growth was a clear outlier, with outbound trade rising nearly 45% year-over-year in February 2018. There were the usual Golden Week distortions to consider, made more disruptive by the timing of it this year as different from last year. And then we have…
Citigroup (C) Beats On Q1 Earnings As Revenues Improve
Have you been eager to see how Citigroup (C – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based money center bank’s earnings release this morning: An Earnings Beat Citigroup came out with earnings per share of $1.68, surpassing the Zacks Consensus Estimate of $1.61. Further,…
JOLTS: Jobs Openings And Turnover Little Changed
Every month the BLS reports on jobs openings and turnovers. Let’s take a look. The BLS JOLTS report for February shows little change from January. The number of job openings was little changed at 6.1 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations…
Hedge Funds Are Expected To Return 8.5 Percent In 2018
Written by Skenderbeg Alternative Investments Skenderbeg Alternative Investments put into perspectives for the month April 2018. “The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.” – Bertrand Russell Hedge Funds Drivers of hedge fund alpha revival Barclays Hedge fund industry performance…
This Really Is The Everything Bubble: Even Subprime Mortgage Bond
Record student loan balances? Check. Trillion dollar credit card debt? Check. Six tech stocks dominating the Nasdaq? Check. Subprime auto loans at record levels? Check. All that’s missing is subprime mortgages and we’d have every bubble base covered. Oh wait, those are back too, just under a different name: Subprime mortgages make a comeback—with a…
Ceridian HCM Holding Inc. Company Plans To Offer $21 Million Shar
Ceridian HCM Holding filed a prospectus with U.S Securities and Exchange Commission seeking to be listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the ticker symbol “CDAY.” The IPO is expected to take place on April 26 and the company hopes to raise more than $500 million. The Minneapolis-based human resources…
Euro Bull Case Hanging By A Thread As Economic Cycle Peaks
In our previous take on the euro in late February, we wrote that the bullish case for the currency was looking increasingly challenging. At the time, euro speculators were spooked by slowing forward-looking economic indicators, while upcoming political events in Italy and Germany risked the future unity of the region. While our outlook remains mildly…