US Economic Profile, 20 November 2014
The outlook for the global economy is suffering these days, but there’s still no clear sign that the deceleration in macro activity has infected the US. Based on the latest numbers for October, the broad trend for the US remains distinctly positive. A diversified mix of economic and financial indicators continues to reflect growth through […]
Can Coca-Cola Profit With New Deal?
The Coca-Cola Co (NYSE:KO) stock received a lift in the market after the giant beverage company confirmed it had entered into a definitive agreement with Great Lakes Coca Cola Distribution LLC. This confirmation follows an announcement made in April of last year that the company signed letters of intent with five U.S bottlers. The merger […]
Eurozone Moves In Wrong Direction, While The British Go Shopping And Japanese Exports Jump
There is plenty of data out today and it is generally reinforcing our three many thematic points: divergence, weak commodities, especially energy, and the slowing of the Chinese economy. This is helping the US dollar and global bonds, but weighing on equities. HSBC’s flash manufacturing PMI for China slipped to 50.0 from 50.4. It is […]
Traders Report November 20th: Australia
All Ords Index The Australian sharemarket had another bearish day with the index losing one percent. In yesterday’s article I showed the index was trading at the support level of 5350 and that this would prove an important level for future price movements. Today’s losses resulted in the index penetrating this support level and closing […]
Lending Spreads, ABI And Housing
“Davidson” submits: There is myth in political thought and Central Banker thinking that lower mtg rates will be inflationary. This is not in fact true. It should be clear that lower mtg rates, i.e. narrower credit spreads globally is DEFLATIONARY If lending institutions cannot lend profitably, then they will not lend, duh! A credit spread […]
Massive Stock Buybacks
Written by John O’Donnell, Online Trading Academy One of the ways that corporations return earnings to shareholders is via stock buybacks. These have been occurring at a very high rate in 2014. Source: YouTube
29 October 2014 FOMC Meeting Minutes: Some Concern Over Decline In Market-Based Inflation Expectations
Econintersect: The 29 October 2014 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members. The Fed’s Balance Sheet (which we report on weekly) should begin to slightly contract shortly. One of the more interesting meeting minute statements: … policymakers might still want to take them [market-based measures […]
PTCT Spinal Muscular Atrophy Program Enters Phase 1b/2a Trial; OMER Inhibits Thrombus Formation
PTC Therapeutics, Inc. (NASDAQ: PTCT) announced today that its joint development program in Spinal Muscular Atrophy (SMA) with Roche and the SMA Foundation (SMAF) has started a Phase 1b/2a study in adult and pediatric patients. The placebo-controlled, randomized, multiple-dose study will enroll approximately 48 patients with SMA and investigate the safety and tolerability of an investigational […]
Golf And Hunting Are Crippling Dick’s Sporting Goods
(Photo Credit: Mike Mozart) The athletic apparel industry is exploding right now, but Dick’s Sporting Goods (DKS) stock (-17% year to date) isn’t going through the roof like Nike’s (NKE) (+23% ytd) and Under Armour’s (UA) (+61% ytd) are. Athletic clothing and equipment sales are booming, but trouble in Dick’s golf and hunting units are holding […]
The Abenomics Death Spiral
As Japanese Prime Minster Shinzo Abe has turned his country into a petri dish of Keynesian ideas, the trajectory of Japan’s economy has much to teach us about the wisdom of those policies. And although the warning sirens are blasting at the highest volumes imaginable, few economists can hear the alarm. (A longer version of this article […]
