Posts filed under “Markets”

Succinct Summation of Week’s Events 9.26.14

Succinct Summations week ending September 26th

Positives:

1. New home sales came in at 504k vs expectations of 430k which was the biggest beat relative to expectations since May 2010.
2. Core durable goods rose by 0.7%, the plunge in headline orders was not unexpected.
3. China’s Shanghai Composite had a new one-year closing high
4. U of Mich consumer sentiment came in at 84.6, in line with expectations.
5. Markit September Flash PMI came in at 57.9, in line with expectations and solidly above the neutral 50 level.
6. Richmond Fed Manufacturing Index came in at 14, above the 12 expected and up from 12 prior.

Negatives:

1. The market had a rough day on Thursday, with the Dow falling 265 points,
2. Existing home sales fell 1/8% m/o/m and came in at 5.05M SAAR, vs the 5.18M expected.
3. Durable goods plunged 18.2% m/o/m, but see core durable goods in positives.
4. Initial jobless claims rose to 293k, up from 280k last week.
5. Damage continues in small-cap land, with just 34% of the Russell 2000 above their 200-day moving average, the lowest % since 2011.

 

 

 

Category: Markets

The Population of the Internet

Source:Vox

Category: Markets

Risks to Family Wealth

Source: U.S. Trust

Category: Digital Media, Markets, Wages & Income, Wealth Management

Succinct Summation of Week’s Events 9.19.14

Succinct Summations week ending September 19th   Positives: 1. S&P 500 and the Dow made new all-time highs. 2. Initial jobless claims fell 36k last week to 280k, the lowest number in 7 years. 3. NAHB housing market index came in at 59, up from 55 in August and the highest reading since 2005. 4….Read More

Category: Markets

Is Money Flowing Out of Europe?

Source: FT   Europe is experiencing a reversal. The Financial Times writes: The withdrawals brought to an end 12 months of almost continuous inflows, powered by confidence that the eurozone debt crisis had retreated and that the region’s economies were returning to growth. In the 12 months to July, assets under management at EPFR-tracked European…Read More

Category: Economy, Markets

Succinct Summations of Week’s Events 9.13.14

Succinct Summations week ending September 12th Positives: 1. Job openings are at the highest levels since 2001. 2. Average price of gasoline fell to $3.42 on supply glut (lowest level since February) 3. Retail sales gained 0.6% m/o/m. up from a flat July (which was revised up 0.3%). 4. Consumer confidence rose to 84.6, up…Read More

Category: Markets

Too Bullish or Too Bearish?

One of my favorite pastimes is dissecting accepted Wall Street wisdom to see if it contains any value for investors or traders. Often, upon examination, the widely held beliefs turn out to be closer to magical thinking than financial acumen. One of the more recent examples is the way some analysts use data on sentiment…Read More

Category: Markets, Sentiment, Trading

Employment Better, Equities Worse Than Average Post Crisis Recovery

Major economic indicators from 4 quarters before to 28 quarters after financial crises. Line marked “average” shows the average performance in 15 major financial crises since 1973, as identified by the IMF in the April 2009 edition of its World Economic Outlook, Index set so quarter of onset = 100. For the recent U.S. crisis,…Read More

Category: Data Analysis, Economy, Employment, Markets

1958: Public Investing in the Stock Market as Never Before

This week in 1958: LIFE Magazine highlights a strange new phenomenon: The public is investing in the stock market as never before. “On the average,” reports LIFE, “500,000 new customers a year have been getting into the market and 8.6 million Americans now own some kind of common or preferred stock…. To an extent which…Read More

Category: Investing, Markets, Sentiment

RIP Paul Macrae Montgomery, originator of Magazine Cover Indicator

  Paul Macrae Montgomery, best known as the originator of the Time Magazine Cover Indicator, and for popularizing the Hemline Indicator of the stock market, died this weekend. He was 72. I was fortunate to have had several conversations with Mongomery over the years. He was humble and soft spoken but he took delight in…Read More

Category: Analysts, Markets, Psychology