Each week we like to cover one or two companies we have discussed in our weekly podcast|videocast(s). Canada Goose1. Revenues continue to grow, Free Cash Flow recovering, Margins high, Stock Price subdued.2. Growing double digits in China. Asia Pacific up 25%.3. In line with their long term growth plan they are growing DTC and shrinking wholesale business to improve margins and the customer experience.4. Non-jackets (windwear, apparel, footwear) up 20% yoy. Becoming an “all-season” brand globally.5. New sales training in key London store led to double digit yoy growth comp within 45 days. Now rolling out across all 70 stores. ...
In my daily analysis of the Forex world, the GBP/JPY pair has caught my attention. All things being equal, this is a pair that is highly sensitive to risk appetite, and therefore you need to pay close attention to the market in general, as the ¥185 level is very important from a support standpoint. Ultimately, the market had formed a massive hammer during the trading session on Wednesday, only to turn around and show signs of strength during the Thursday session. Is this a floor?The question at this point in time will be whether or not there is going to be a bit of a floor in the market in this general vicinity, but there are a lot of qu...
Image Source: PixabayMercedes-Benz Group (MBGYY) makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach.Mercedes-Benz Mobility provides the company’s dealers and its customers with vehicle financing as well as mobility services in ride-hailing, car sharing, and charging.Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz.Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale ...
Image Source: PixabayOn the rise:Figure 1: Real average earnings for production and non-supervisory workers, CPI deflated (blue), chained CPI deflated (tan), both in 2023$. Chained CPI seasonally adjusted by author using X-13 (in logs). Source: BLS via FRED and author’s calculations.It’s appropriate to ask what’s happening to the median wage. I don’t have the levels, but I have median year-on-year growth from the Atlanta Fed. Using this data, I get the following for real median wage growth:Figure 2: Median year-on-year wage growth, adjusted by CPI (blue). Median wage growth is 3 month moving average over 12 months prior. Source: At...
Image Source: PixabayThe last 100 years USA debt to GDP has exploded on the back of wars and crisis. The first chart shows how and when this came to be. Chart 1 – US Debt to GDP%. Click for popup. Clear your browser cache if image is not showing. The US Debt to GDP% ratio can be fixed in a few ways: 1) Revalue selective assets on the USA balance sheet higher: 8,000 tonnes of gold is currently valued at $34 USD an once. This could be revalued to $10,000 USD and once. 2) Massive production miracle to boost GDP from some new technology. 3) Cut spending and pay back the debt. Very hard politically and a worldwide depression may result. 4...
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury markets had a fairly uneventful Thursday. 2Y yields were essentially unchanged over the day, while the 10Y yield edged up just over 2 basis points to 3.674%. There was more action in FX markets, where EURUSD rose to 1.1075 in late trading after shrugging off the ECB’s 25bp rate cut. Other G-10 currencies also made gains against the USD. USDJPY is now 141.66. In the rest of Asia, there was less action, but there will probably be some catch-up with the G-10 this morning. US equities had another strong day. The S&P 500 gained 0.75% and the Nasdaq rose a ful...
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, September 12.Video Length: 00:12:58More By This Author:Metal Markets Report For Wednesday, Sept 11Financial Markets Report For Wednesday, Sept 11Financial Markets Report For Tuesday, Sept 10...
Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartBinance / U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave 2Wave Cancel invalid level: Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.Binance / U.S. dollar(BNBUSD)Trading Strategy: It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 2 uptrend.Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 i...
Image Source: PexelsTonight, I review the triangle count and the alternate(s) for both the NQ and ES. The markets have not been easy to visualize within an EW count. When I take into consideration the additional information that comes from the “flows” – (capital, options, and gamma) I am continuing to view the NQ and ES as remaining in Minor 4th waves that are forming triangles and within that hopefully finishing up with “e” waves tomorrow. My outlook continues to favor Minor 5th waves up to new all-time highs for both markets.Video Length: 00:38:04More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Up...
In a recent episode of Where the Dogwood Blooms podcast, host Cassie Clark interviewed Joshua D Glawson, a writer with expertise in politics, philosophy, economics, and precious metals.Glawson, the Strategic Communication Adviser for the Libertarian Party of NC and Content Manager for Money Metals Exchange, offered an in-depth look at NC’s pivotal role in America’s gold history during the Carolina Gold Rush.Video Length: 01:24:18 The Start of America’s Gold Rush: Conrad Reed’s Discovery It all began in 1799 when Conrad Reed, a 12-year-old boy, stumbled upon a shiny 17-pound rock in a creek near his family’s farm in Cabarrus Cou...