Equities were mixed yesterday as the NASDAQ led by the technologies advanced and the Dow fell. Equity volume was muted. Treasury yields were relatively lower and oil rose after Saudi Arabia announced even deeper cuts and Venezuela is...
Equities partially reversed course following a tweet from Senator Rubio that his introducing a bill to tax stock buybacks and equal footing with dividends. I recall reading about his proposal several days earlier in a report talking about how stock buybacks is greater than...
The Economic Elite, aka the Davos attendees, are issuing warnings of a considerable economic slowdown, the result of a changing monetary policy and rising economic nationalism that has gripped the global economies. These warnings coupled with the government shutdown, trade tensions and
...Equities rose as signs the US and China are closing in on a trade truce and stronger factory number boosted confidence in the global economy. Commenting about factory orders, factory output expanded by the greatest amount in...
Fourth quarter earnings season is accelerating. A quick and obvious observation is that if the company exceeds expectations, shares rise and vice versa. Leuthold Group writes earnings day turbulence in individual companies late last year reached the highest since...
Fourth quarter earnings season commences today with the release of Citicorp’s earnings. At time of this writing, 4Q profits are expected to increase around 9%. For the year, earnings are forecasted to rise around 20%. All will pay considerable attention to forward looking statements which...
State Street Bank which is the third largest ETF issuer by assets is laying off about 15% of its senior management, employees identified as executive VPs and senior VPs. State Street stated it needs to “structurally compress”...
Equities looking past skepticism about tech issues and instead focused on the possibility of progress in US-China trade talks and rose moderately for the day. Small cap issues again outperformed. Treasuries dipped and crude advanced about...
Welcome to 2019! According to Deutsche Bank 2018 was the worst year since 1901 and depending upon the asset class, declines were between 10% and 60%. While I cannot definitively write 2018 was most the volatile year on record, it definitively feels like it was. ...
Legendary hedge fund manager Stan Druckenmiller lamented whether or not the markets will ever return back to a normal macro trading environment? Many iconic market luminaries are commenting about the “disturbing machination of the equity...