Flat Stock Market On Monday The S&P 500 was up 0.09% as it gave back most of its gains from the morning. The Dow now has an 8 day winning streak. The Russell 2000, which is the closest major index to its all-time high, was down 0.4%. This flat market supports my thesis that the…
Copper is known as “man’s first metal”, and for over 10,000 years, it’s been used in applications ranging from architecture to coinage. However, it was Michael Faraday’s discovery of electromagnetic induction in 1831 that turned demand on its head for the red metal. As the world used more and more electricity, copper became known as…
There’s now just a .13 yield bump to buy a 30-year over a 10-year treasury bond, and the 10-year is yielding more than S&P 500 stocks with their 30-year+ duration and huge principle risk. Capital is finally being paid to come in the risk curve, look out below. Here is my partner Cory Venable’s spread…
The pace of employment cuts in the service sector is accelerating. It’s difficult to discern given the incessant headlines lamenting the dearth of skilled workers, but something is amiss in the powerhouse U.S. services sector, which accounts for some 80 percent of the economy. The headline figures say very little. The Institute for Supply Management’s April survey of…
The April month-over-month export counts were much stronger than last month and the year-to-date exports are up 4.6 %. Analyst Opinion of Container Movements Simply looking at this month versus last month – the growth rates were stronger for both exports and imports. The year-to-date and the rolling averages are positive for imports and exports…
Macy’s (M) is expected to report earnings Wednesday before market open. The whisper number is $0.34, three cents short of the analysts’ estimates and showing no confidence from the WhisperNumber community. Whispers range from a low of $0.30 to a high of $0.37. A year ago the company reported earnings of $0.24, ten cents short…
Mega retailer Wal-Mart (WMT – Free Report) is set to release first-quarter fiscal 2019 results on May 17, before the market opens. After posting sluggish results for fourth-quarter fiscal 2018 results due to the slowdown in e-commerce sales, it is worth taking a look at its fundamentals ahead of its latest results. The stock has been beaten…
An image in a Tweet accurately describes the folly of Fed-sponsored bubbles. A Tweet by OccupyWisdom accurately portrays the Fed-enhanced Cycle of Stupidity. If accurate, and I believe the graphic is precisely on the mark, the interest rate cycle is nearly over, just as a near-unanimous consensus has formed that the bond bull market is over…
America Set To Outperform? Analysis have been toying with the thesis that America might take a strong leadership role in the growth of advanced economies. This would expand the S&P 500’s earnings multiple as capital comes back to America. America has weak competition as there has been a slowdown in Europe; South Korea has seen…
Tesla share price continues to tumble down towards its bond price following headlines from Reuters, citing sources, that the car-making company will shutter production of the Model 3 from May 26th to 31st for “fixes to its assembly.” TESLA PRODUCTION SHUTTERED FROM MAY 26-MAY 31, REUTERS SAYS TESLA IS SAID TO PAUSE MODEL 3 PRODUCTION FOR…
