Additional signs of no-Grexit help boost European Equity DAX adds 3.2% during week while CAC 40 completes 8-day gaining streak U.S. equity moderately gains on positive earnings season with expectations for rate hike USD strengthens amid hawkish Yellen remarks Iran deal makes oil prices drop to their lowest since April The further dissolving of Greek…
To be sure, we’ve had our fair share of laughs at the expense of China’s newly-minted day traders. Back in March, Bloomberg highlighted a study which suggested that some 31% of new investors in China’s equity markets had an elementary school education or less. Shortly thereafter, we began to look at data from the China Securities Depository…
After a lull in the housing sector in the first quarter, construction activity picked up in the crucial spring/summer months, supported by an improving economic environment and a better employment picture. Moreover, construction trends are expected to improve further in the second half. Higher job numbers, a recovering economy and improving consumer confidence, moderating home…
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…
