First it was Shoppertrak, then it was the Shoppertrak, then it was IBM (IBM), and now, with its own set of internal data, here is Bank of America (BAC) slamming the door shut on U.S. retail spending as a source of Q4 growth, and proving once and for all that the extended Thanksgiving-weekend, and the start to U.S. holiday…
Black Friday weekend is just not what it used to be. Despite falling gas prices, stock prices posting records, and buoyant consumer confidence, Thanksgiving weekend sales—in stores and on-line—were down about 11 percent from last year. Five forces combined to reduce this year’s spending binge—and most will endure in the years ahead. 1. Black Friday…
All Ords Index The Australian sharemarket has rallied over the past two days but the short term trend is still bearish. The 20 and 50 day moving averages are trending down with the price trading well below the averages. I see resistance being met at 5350 points which is the horizontal support level of April…
The US dollar is extending its advance as the divergence theme moves into overdrive. The dollar has drawn close to JPY119.50. The euro has fallen to new lows near $1.2320, having been turned back from $1.25 on Monday. The Australian dollar has been pushed briefly below $0.8390. The main exception is sterling, which is holding its…
Those wondering why European stocks are higher but off earlier highs, the answer is simple: the latest Service ISM was bad but it wasn’t a complete disaster. And while RanSquawk notes that “the particularly disappointing slew of Eurozone Service PMI’s from France and Spain capped any potential upside seen across the European indices” stocks are…
Those wondering why European stocks are higher but off earlier highs, the answer is simple: the latest Service ISM was bad but it wasn’t a complete disaster. And while RanSquawk notes that “the particularly disappointing slew of Eurozone Service PMI’s from France and Spain capped any potential upside seen across the European indices” stocks are…
The images were confronting of how people took to law enforcement in Ferguson. Meanwhile it has become clear that what happened there is about much more than just the death of one man, whether he was innocent or not. Ultimately the people of Ferguson (and other US cities) are extremely dissatisfied with the increasingly tough…
The ISM Manufacturing survey continues to indicate manufacturing growth expansion with an insignificant decrease in the rate of growth. This survey should be considered good news as it reconfirms a rather strong report last month. Key internals improved. The ISM Manufacturing survey index (PMI) declined from 59.0 to 58.7 (50 separates manufacturing contraction and expansion). This was…
Peter Schiff: The debt just passed $18,000,000,000,000 and nobody reported it. Video Length: 00:06:27 0:33 Peter debunks the latest jobs numbers re: construction spending0:46 The debt just passed $18,000,000,000,000 and nobody reported it.1:24 Auto sales are down because people have no jobs to drive to…1:47 He talks about the horrible retail sales figures for Black Friday3:09 Discussing leverage and the impossibility…
A major theme here at Liberty Blitzkrieg over the past year has been the creative ways in which corrupt Chinese oligarchs and government officials are maneuvering their way into the United States. To be clear, I am not anti-immigration by any stretch of the imagination. My mother was an immigrant. This is about being against corrupt…
