Equities Archive

Railcar traffic, Draghi statement, NY manufacturing survey, Industrial production, Consumer confidence

Rail Week Ending 09 May 2015: Data Still Not Pretty. Rail Softness Continues. (Econintersect) — Week 18 of 2015 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. Intermodal traffic improved, which accounts for half of movements – ...Read More

mtg purchase apps down again, Earnings, Greece chart, gasoline demand

Not good. Purchase apps back down to depressed levels after a dip in front of govt mortgage fee cuts followed by a small blip up after the cuts, and up only 1% from last year’s cold winter depressed levels: MBA Purchase Applications Highlights The purchase index fell 7.0 percent in the February ...Read More

is the drop in oil price a positive or negative?

So most every mainstream analyst has called the drop in crude prices a ‘massive unambiguous positive’ for the US economy. Seems stocks don’t agree… ...Read More

NFIB, Mtg apps, retail sales, Empire State

Today’s releases are causing analysts to reduce their GDP forecasts for Q3, which ended Sept 30. Note the difficulty in forecasting the past when considering the difficulty in forecasting the future… This was released yesterday, turned down from not so good levels: NFIB Small Business Optimism Index Full size image Mtg purchase ...Read More

WRKO interview

Interview with Barrie Armstrong ...Read More

Another look at Q3 GDP

Third-Quarter Growth in U.S. Revised Higher on Services By Victoria Stilwell Decmeber 20 (Bloomberg) — The economy expanded in the third quarter at the fastest rate in almost two years as Americans stepped up spending on services such as health care and companies invested more in software. Jump in healthcare??? And the ...Read More

Hussman view of equity valuation

What’s new here is somehow Hussman has picked on the idea that corporate profits fall as the federal deficit falls. He stops short of suggesting we need a higher federal deficit, of course. After all his endless inane out of paradigm raving against federal deficits it might take him a few months ...Read More

Fed minutes, comments on full text

Comments in below and highlights mine: Developments in Financial Markets and the Federal Reserve’s Balance Sheet The Manager of the System Open Market Account reported on developments in domestic and foreign financial markets as well as the System open market operations during the period since the Federal Open Market Committee (FOMC) met ...Read More

Michigan survey and a small rant

Funny how sentiment follows stocks… And how housing has gone flat all year is dismissed. Not to forget jobless claims are about people losing their jobs and not about anyone getting a job. Yes, claims have correlated to new jobs, but that’s a different matter. For example, ‘at the limit’, you could ...Read More

taper tantrum!

The low jobless claims number seem to have sent markets into full taper mode. Stocks down due to fears of what happens without the presumed Fed support, and bonds higher in yield due to fears of what happens when the Fed slows down purchases. And so while the ‘better jobs’ outlook that’s ...Read More