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Earnings: Another Good Quarter Nearly In The Books

August 8, 2017

View PDF Bloomberg Markets – How to Trade Those Terrible Analyst Earnings Estimates A missed estimate can be an opportunity. The prevailing view of earnings estimates is, to be blunt, dim. Many investors believe that companies and analysts conspire to keep estimates low to produce a “surprise” that drives the stock price higher. Anecdotal evidence suggests… Continue reading Earnings: Another Good Quarter Nearly In The Books

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RIP LMCI

August 8, 2017

MarketWatch – Fed ends release of its own employment yardstick The Federal Reserve announced Monday that it was no longer releasing its so-called labor market conditions index, its in-house tool to gauge the momentum of the labor market. “We decided to stop updating the [labor market conditions index] because we believe it no longer provides a… Continue reading RIP LMCI

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Dollar Sentiment Nearing Extreme Bearishness

August 8, 2017

The Wall Street Journal – The Dollar Swoon Lifting U.S. Stocks Is Poised to Continue A growing investor consensus that the dollar will keep weakening is rippling around the world, fueling rallies in everything from U.S. stocks to commodities. The dollar has been suffering through one of its worst stretches in years, weighed down by… Continue reading Dollar Sentiment Nearing Extreme Bearishness

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Brick-and-Mortar’s Last Stand

August 8, 2017

  Bloomberg – Here Are All the Signs Investors Are Growing More Worried About Retail Retail REITs lag behind S&P 500 by about 19 percentage points The latest U.S. jobs report laid bare some of the sobering tribulations faced by American retailers: they’ve shed jobs on an annual basis for the first time since 2010, when the sector’s… Continue reading Brick-and-Mortar’s Last Stand

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The Death Of Brick & Mortar Retail

August 8, 2017

Bloomberg – Here Are All the Signs Investors Are Growing More Worried About Retail While on the surface, the employment trends point to relative margin relief for physical retailers, there’s also cause to be concerned about volumes. Department stores continue to cede ground to non-store retailers (a segment that covers Amazon but doesn’t include sales… Continue reading The Death Of Brick & Mortar Retail

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Crude Oil Supply/Demand

August 8, 2017

The Financial Times – Rise of electric cars challenges the world’s thirst for oil “Peak demand” could come as soon as the late 2020s in the most bullish scenarios for EV uptake. But that would require “much more aggressive” policy action on climate change and faster innovation in battery technology than seen so far. Many… Continue reading Crude Oil Supply/Demand

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Chinese Foreign Exchange Reserves

August 8, 2017

Bloomberg Markets – China’s Debt Crackdown Gets a Big Shrug From Global Investors Xi’s leadership conclave has guaranteed economic stability “The pressure is off,” said Jing Ulrich, vice chairman of Asia Pacific at JPMorgan Chase & Co. in Hong Kong. “We’ve seen China’s currency stabilize — in fact it’s appreciated against the U.S. dollar this year.… Continue reading Chinese Foreign Exchange Reserves

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Hedge Fund Returns

August 8, 2017

Bloomberg Business – Mega-Hedge Funds Are Reporting Big Gains Year-long stock rally helps RIEF, Viking surge almost 9% Rallying stock markets are helping lift returns at mega-hedge funds including Viking Global Investors and Renaissance Technologies. Andreas Halvorsen’s Viking and an equity-focused quantitative fund at Renaissance are up more than 9 percent this year through July, according to person with knowledge… Continue reading Hedge Fund Returns

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Bitcoin’s Wild Ride

August 8, 2017

Bloomberg – Bitcoin Wrestles With Spoofy the Trader Bitcoin has hit a new record of more than $3,300. Just another day at the office for a crypto-currency that’s risen 50 percent in one month, 200 percent in six months and 30,000 percent in five years. But the surge tells us more about the speculative games… Continue reading Bitcoin’s Wild Ride

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Tallying Up The Cost Of The Bailout, 10 Years Later

August 8, 2017

The Financial Times – Bailout costs will be a burden for years A decade after the credit crisis began, it will still be years before there is a final reckoning on the costs of the government bailouts of the financial sector that followed. The International Monetary Fund took a snapshot of the costs of the… Continue reading Tallying Up The Cost Of The Bailout, 10 Years Later

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Camp Kotok

August 8, 2017

Bloomberg View – Barry Ritholtz: 10 Things I Learned at Summer Camp It is helpful every now and again to break away from your ordinary routine, enjoy a change in scenery, mix up your daily schedule, hang with different folks. That is what I have been doing for most of the past week at Leen’s Lodge on Grande… Continue reading Camp Kotok

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Cartoons

August 8, 2017