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  • Finance 0

    January 2018 CoreLogic Home Prices Up 6.6% Year-Over-Year

    CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.6 % year-over-year (reported up 0.5 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. Analyst Opinion of CoreLogic’s HPI CoreLogic year-over-year rate of growth has been steady for three years – with a higher number issued initially and later significantly downwardly revised in the following months. Last month it was 6.6 % year-over-year – which was revised down to 6.2 %. This likely will be reduced further in the coming months – and will end up ne...
    On March 13, 2018 / By
  • Finance 0

    DJI30 Technical W Bullish Pattern Formed In 4h Time Frame

    Source: Admiral Markets MT5 with MT5SE Add-on Even though income data was lower than expected in the US, the high NFP number suggests wage pressure may be imminent on company earnings in the USA – one of the reasons why the DJI30 was sold yesterday. The price might reject from the POC zone 25054-25240 as we see a strong confluence of technical levels and W 1-2-3 bullish pattern. Point 2 of W pattern sits precisely at M Cm (monthly camarilla level) and should keep the pair supported. However the index needs to make a 4h close above W H3 – 25611 to proceed further up towards 25890-959. Initially, the price might reject from the level. Ab...
    On March 13, 2018 / By
  • Finance 0

    Stocks Tumble Into Red As Breakevens Plunge

    The Kudlow bounce is dead (again). Early gains in stocks have evaporated in the last hour as it appears inflation hype is fading fast (and breakevens are plunging)… And as Breakevens plunge, so stocks have all slumped into the red (led by Financials) – apart from Trannies…...
    On March 13, 2018 / By
  • Finance 0

    A Familiar If Ominous Sign In The US IPO Market

    As the title suggests, a familiar if ominous sign has emerged in the US IPO market. As I’ve previously written on a number of times, studying trends and statistics in IPO statistics (initial public offering) can yield key insights on the state of the equity market as a whole and the resultant risk vs opportunity outlook. The chart in today’s blog comes from a discussion on the trends in the US IPO market from the Weekly Macro Themes report. That discussion aside from the negative earnings aspect, also looked at median age of IPO, proportion of foreign IPOs, and the pace of withdrawals and filings. As alluded to, the chart shows t...
    On March 13, 2018 / By
  • Finance 0

    Sky-High Expectations Put The Market At Risk

    Does anyone remember the stock market correction from, oh, just a month ago? The Nasdaq fell 10% at its lows. The S&P 500 dropped around 12%. In early February I wrote: “In nearly three decades as an investor, I’ve yet to see a raging bull market like the one we’ve experienced come to a ‘full stop’ ending, and plunge permanently off the cliff in the age-old style of Wile E. Coyote.” Five weeks later, and where are we? The Nasdaq’s at new all-time highs. Give the S&P 500 another week and it will likely get there as well. So what gives? The Expectations Game At this point, it’s all about the next couple of earnings se...
    On March 13, 2018 / By
  • Finance 0

    Colgate Palmolive: This Dividend King Just Raised Its Dividend For The 56th Consecutive Year

    Investors looking for the highest-quality dividend growth stocks, should consider companies with the longest history of dividend growth. The Dividend Kings are a select group of 25 stocks, with 50+ consecutive years of dividend increases. Colgate-Palmolive (CL) has paid uninterrupted dividends since 1895, and it has increased its dividend payments for the past 56 consecutive years. It is a member of the Dividend Aristocrats, a group of 53 companies in the S&P 500 Index, with 25+ consecutive years of dividend increases.  This article will provide an in-depth review of Colgate-Palmolive’s fundamentals, valuation, and future outlook. Bus...
    On March 13, 2018 / By
  • Finance 0

    E Analysts Clash On Nvidia, AMD

    In recent weeks, analysts have had mixed views on chip makers Nvidia (NVDA) and AMD (AMD ). Yesterday research firm Jefferies wrote that Steven Spielberg’s film, “Ready PlayerOne,” slated to be released later this month, could be a catalyst for the stocks, The Fly reported. According to the firm,the film will cause sales of virtual reality headsets to rise. Both Nvidia and AMD make chips used in such devices. On February 23, Bank of America/Merrill Lynch also recommended Nvidia stock and AMD stock, citing positive trends in PC games and cryptocurrency, according to The Fly. The firm kept Buy ratings on both stocks.  However...
    On March 13, 2018 / By
  • Finance 0

    Subdued CPI Disappoints Economic Illiterates

    The more subdued the better for all of us, but the economic illiterates at Bloomberg Econoday do not see it that way. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.2 percent before seasonal adjustment. CPI Basket  Falling prices are good. They make more things affordable and improve standards of living. Illiterate writers bemoan good things. The Econoday writer, robot, or parrot (I am not sure which) does not see it that way...
    On March 13, 2018 / By
  • Finance 0

    Stocks Leave Bonds In The Dust

    With investors celebrating the nine-year anniversary of the financial crisis low last week, it should surprise no one that equities have been outperforming long-term treasuries over the last several years. What will likely surprise a lot of people is by just how much equities have been outperforming. The chart below shows the relative strength on a total return basis of stocks (S&P 500) vs bonds (Merrill Lynch 10+ Year US Treasury Index) going back to the start of 1978. In the chart, a rising line indicates that equities are outperforming bonds and vice versa. Since the middle of 2016, the relative strength of the S&P 500 has gone...
    On March 13, 2018 / By
  • Finance 0

    Stocks Leave Bonds In The Dust

    With investors celebrating the nine-year anniversary of the financial crisis low last week, it should surprise no one that equities have been outperforming long-term treasuries over the last several years. What will likely surprise a lot of people is by just how much equities have been outperforming. The chart below shows the relative strength on a total return basis of stocks (S&P 500) vs bonds (Merrill Lynch 10+ Year US Treasury Index) going back to the start of 1978. In the chart, a rising line indicates that equities are outperforming bonds and vice versa. Since the middle of 2016, the relative strength of the S&P 500 has gone...
    On March 13, 2018 / By