Following last week’s chaotic Genscape build (and warning), API build, but DOE draw, and subsequent face-ripping rally, tonight’s API data signaled a lower than expected draw and sparked f...
Photo Credit: Eric Schwartzman Salesforce.com (CRM) Information Technology – Software | Reports May 18, Before Market Opens Key Takeaways The Estimize consensus is calling for a profit of 24 c...
The S&P 500 sank at the open, traded sideways to the noon hour and then sold off in a couple of waves to its -1.25% intraday low early in the final hour some buying in the final 30 minutes lifted ...
Ladies and gentlemen, we have another winner. The Currency Shares Japanese Yen Trust (FXY) May, 2016 $91-$94 in-the-money vertical bear put spread is showing a mark to market this morning of $3.00, it...
The retirement crisis will eventually come to a head. And when it does, it’s not going to be pretty. As shown by the record number of seniors living in poverty, it’s no longer feasible to rely on ...
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” George Soros We saw choppy action in stocks today as they co...
In my last post, I noted a conference on uncertainty in macroeconomics. Here are two papers of particular interest to me. The first, by Kimberly A. Berg and Nelson Mark, was entitled “Global Macro...
You cannot make this stuff up. The median stock in the S&P 500 has never been more overvalued on price-to-earnings growth (PEG) and price-to-sales (P/S). On a forward price-to-earnings (P/E) basis...
In his 2016 State of the Union Address, President Barack Obama accused those claiming the American economy is in decline of “peddling fiction”. Few economic prognosticators have actually stated th...
The headlines say seasonally adjusted Industrial Production (IP) improved. The year-over-year data remains in contraction – so improvement is always relative. Headline seasonally adjusted Indust...