Category Archive: Finance
Salesforce.com (CRM) Earnings After The Close
Salesforce.com (CRM) is the biggest name set to report earnings after the close today. Below is a snapshot of the results that are displayed after running this earnings screen. We’ve highlighted a few columns worth pointing out. First off, CRM has never reported weaker than expected EPS on one of its Q4 earnings releases. (In […]
How Did ICO Investors Really Do In 2017?
Harry Z. was the one who lured me into public service. When he first approached me, I told him working for the government wasn’t for me. He replied, “That’s why we chose you. You’re going to be working with the governor [of Maryland], William Donald Schaefer. He hates government workers too.” Who could resist a […]
Our Fragmented Labor Markets Defy Outdated Conventions
There are hundreds of extraordinarily diverse labor markets in the U.S. economy, and it takes a much more granulated approach to make any sense of this highly fragmented and dynamic marketplace. Conventional economists/media pundits typically view the labor market as monolithic, i.e. as one unified market. The reality is the labor market is highly fragmented. Thus […]
The Discrepancy In Gold And Gold Stocks
(Audio length 00:11:44) Jordan Roy-Byrne joins me today to look at the gold chart and the GDX, GDXJ, and HUI charts. When looking at the 200 and 400 day moving averages there is a big discrepancy between the stocks and underlying metal. There are a couple scenarios that we outline.
Why The Italian Election Matters?
On Sunday, 4th March, Italian voters will go to an election, widely accepted to be the most important in Europe this year. The results of the election in the EU’s fourth largest economy may bring the EU back to the crisis following the results of the Brexit vote. The main parties in the election are the […]
The Fed Is About To Pop The Bubble In Stocks
BUENOS AIRES, ARGENTINA – We went to dinner last night at a little neighborhood restaurant in Palermo Soho. It was already crowded when we arrived after 9 p.m., with a warm buzz of conversation. But scarcely had we been there 10 minutes when the diners fell silent. A woman at the table next to us […]
Book Review: The Little Book That Builds Wealth
Recently I went back and re-read The Little Book That Builds Wealth, by former Morningstar Director of Equity Research, Pat Dorsey. It remains one of the more concise and enlightening books for investors looking for great businesses that stand the test of time – historically, the kind of investments that return their worth many times over. […]
Visualizing GDP: An Inside Look At The Q4 Second Estimate
The chart below is a way to visualize real GDP change since 2007. It uses a stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor Statistics: […]
Blending Strategies To Outperform The Agg
Over the last several years, we have been vocal advocates of utilizing an updated and enhanced index approach to add value over the traditional Bloomberg Barclays U.S. Aggregate Index (Agg). This has been driven by market forces driving down global interest rates combined with a dramatic shift in bond issuance. As the U.S. Treasury has ramped up borrowing, the sector […]
Pending Home Sales Unexpectedly Dive To Lowest Level In 3.5 Years
Those who thought weakness in home sales was a temporary soft patch appear to have things wrong. Mortgage News Daily reports Pending Home Sales Plunge to Three-Year Lows. Pending home sales took a deep dive in January, falling to their lowest level in over three years. The National Association of Realtors® (NAR) said its Pending Home Sales […]
