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Greek National Bank Stock Consolidating Before It Goes Up And Away

Greek National Bank Stock Consolidating Before It Goes Up And Away

This is a short update on the Greek National Bank, a stock we discussed several times this year. It all started with our vision that the National Bank Stock Which Crashed 99 Pct In 24 Months, Could Be The Next Ten-Bagger In July of this year, we said: National Bank Of Greece Breaks Out In June of […]
Long-Term Trends In Employment By Age Group – Tuesday, Nov. 7

Long-Term Trends In Employment By Age Group – Tuesday, Nov. 7

The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution). The result is the participation rate expressed as […]
This Week’s ETF Launches: Momentum Factor ETFs Galore

This Week’s ETF Launches: Momentum Factor ETFs Galore

Momentum factor investing has been the undisputed winner of 2017, more than doubling the returns of the value, size and quality factors. Attempting to strike while the iron’s hot, several new momentum-based funds hit the market this week including the first set of ETFs from financial services giant USAA. Here are this week’s new fund launches: […]
Rising Debt Spells ‘Warning!’ For This Bull Market

Rising Debt Spells ‘Warning!’ For This Bull Market

Part of me feels great having had predicted this summer that oil prices, then in the mid-$40 a barrel range, were due to rise in a big way. But there’s something to look out for while we watch oil break out toward $60 and perhaps higher. We may reap the windfall now, but the rise in […]
Tailing 3Y Auction Prices At Highest Yield Since April 2010

Tailing 3Y Auction Prices At Highest Yield Since April 2010

In the first of this week’s three auctions, the Treasury sold $24 billion in 3 Year paper in a medicore, tailing auction, which stopped at 1.75%, a 0.2bps tail to the 1.748% when issued, and the highest yield since 1.776% in April 2010. In addition to the tail, the internals were also mediocre, with the […]
Q3 Earnings Growth Expected To Be 5.9% (Up From 4.4% Last Week)

Q3 Earnings Growth Expected To Be 5.9% (Up From 4.4% Last Week)

Earnings Season Forever Changed By Regulation FD Earnings season is mostly done, so it’s fair to say this was a great reporting period. Usually I only have the stats on the percentage of firms beating estimates in the past 4 years. The chart below gives us more data to look at to further contextualize the […]
Are Consistent Economic Gains Now Starting To Catch-Up To Stock Market Gains?

Are Consistent Economic Gains Now Starting To Catch-Up To Stock Market Gains?

Before providing our current perspective on the markets and the economy, we believe that it would first be helpful to consider the following recent economic data releases, as reported on MarketWatch, from across the globe: • The U.S. economy has now experienced two consecutive quarters of 3% gross domestic product (GDP) growth with a reported […]