Last week an acquaintance reported on the ten biggest reputation disasters of 2014- City of Ferguson, Flight MH370, Ray Rice, Bill Cosby and so on…. The focus remains on the negative under the premise that “bad news sells.” I’m tired of these stories. They serve no purpose other than to attract “eyeballs” and perpetuate negativity….
Going the Other Way Even while newspaper headlines are still full about the ruble’s panic sell-off last week, the ruble has actually risen by 39% from last week’s intra-day lows near 80 to the dollar over the past five trading days (1 ruble was 0.0125 dollars at one point on December 16, while at the time of writing early…
Janet Yellen and her Federal Reserve board of augurers might as well have spilled a bucket of goat entrails down the steps of the mysterious Eccles Building as they parsed, sliced, and diced the ramifications in altering their prior declaration of “a considerable period” (that is, before raising interest rates), vis-à-vis the simpler new imperative,…
The American people now have a censor—North Korean dictator Kim Jong Un, and they can thank President Obama’s failure to defend their rights to free speech and privacy. After hacking Sony’s computer network and subjecting its employees to identity theft and public embarrassment, North Korean hackers threatened theater chains with a 9-11 attack if they…
The economy was growing much faster based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average – and the economy is now well above the historical trend rate of growth. The three month moving average of the Chicago Fed National Activity Index (CFNAI) – which provides a summary quantitative value for all the economic…
Over the weekend, when looking at the supply dynamics of global Treasury paper, we wrote “Bond Yields Set To Plunge In 2015: Next Year Global Treasury Supply Will Tumble By 20% As ECB Joins The Party.” This morning, Bloomberg picks up on this with “The $6.3 Trillion Frenzy That Vanquished Treasury Bears”, in which author…
Note from dshort: The NYSE has released new data for margin debt, now available through November. I’ve updated the charts in this commentary to include the latest numbers. The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical data back to 1959. Let’s examine the numbers…
As November came to a close, the market rebound out of the October correction had not only reset over bearish sentiment, but had put it wildly bullish and very unhealthy. Yet the Santa seasonal was oncoming and something had to give. Santa’s rally was not going to generate from such unhealthy over bullish conditions. In NFTRH we…
In case anybody still believed we were doing ok on cybersecurity, Staples just announced that malware deployed at 115 of its stores nationwide gave hackers access to some 1.16 million customers’ payment cards. If news of a Staples hack sounds familiar, that’s because it is. Back in October, the company revealed that it was investigating…
Previous week’s stock action saw shares of OvaScience, Inc. (OVAS) soar nearly 23.2%, or $8.13, following corporate news that the company fully accomplished its 2014 clinical goals. Shares of the Cambridge-based company closed on Thursday at $43.09 with more than 1.9 million shares trading hands. This compares to the company’s three-month average volume of nearly 200,000 shares. The chart…
