We’ve covered the turmoil in media stocks quite extensively this summer. In short, investors are worried that this traditionally very attractive business model is being uprooted by the Internet in a similar way to how newspapers and magazines were uprooted over the past decade. The “big media”, video entertainment companies are all over the Magic Formula (MFI) screens the…
Germany’s DAX has given back all of yesterday’s exuberant month-end gains and more to suffer the worst start to Q4 since 2009 (and actually worse than 2007 and 2008)… Early hope collapsed into reality… Charts: Bloomberg
In business, the 80/20 rule states that 80% of your business will come from 20% of your customers. In an economy that is more than 2/3rds driven by consumption, such an imbalance of the “have” and “have not’s” impedes real economic growth. I have often written about the disconnect between Wall Street and Main Street. As shown in the…
Investors have withdrawn a record amount of gold from the Shanghai Gold Exchange over the past year, signaling a steady increase in demand in the world’s largest gold consuming country. Bloomberg reported the most recent numbers: Withdrawals jumped 37% to 1,891.9 metric tons through Sept. 18 from 1,380.9 tons a year earlier, according to data on the bourse website….
“The U.S. Mint began setting weekly sales quotas for its flagship American Eagle silver coins in July because it can’t meet demand, and the Canadian mint followed suit after record monthly sales in July. In Australia, the Perth Mint sold a record of more than 2.5 million ounces of silver this month, nearly four times…
Welcome to the fourth quarter of 2015! Good friend Ryan Detrick put together this nice piece for us and I wanted to share this on the first day of the new quarter. It hasn’t been a good year for the bulls, but is that about to change? The good news is this is historically the…
Following Manufacturing PMI’s weakness and ADP’s Manufacturing employment weakness (and six regional Fed surveys’ weakness), ISM printed 50.2 (the 3rd miss in a row, the 9th miss in the past 11 months, and lowest since May 2013). Under the surface was a disaster with New Orders collapsing (unadjusted are weakest since before 2013) with just 22% saying New Orders…
US jobless claims rose last week, the Labor Department reports, although new filings remain close to four-decade lows. Despite the latest jump, today’s news suggests that the labor market is still expanding. As a result, any blowback from the recent turmoil in global markets and diminished expectations for the world economy has yet to make a serious…
(Video length 00:05:52) Shelly Palmer talks about the Tesla Model X and what it means for the auto industry with Richard Quest on CNN’s Quest Means Business. Airdate: September 29, 2015
Quick take: At the end of September the inflation-adjusted S&P 500 index price was 77% above its long-term trend, a decline from 84% the previous month. About the only certainty in the stock market is that, over the long haul, over performance turns into under performance and vice versa. Is there a pattern to this movement?…
