RVA SIGNALLING A LOOMING US RECESSION Economists prefer to measure economic activity without the effect of inflation. If inflation were rampant when making the chair in the example above, some of the incremental value was due to the general trend of rising prices and not value added by 720Global. To strip out the effect of […]
TRIGGER$ August 2017
NDX NEAR 52 WEEK HIGH – BUT NEW LOWS DWARF NEW HIGHS
NDX NEAR 52 WEEK HIGH – BUT NEW LOWS DWARF NEW HIGHS — SOURCE: 08-11-17 Dana Lyons – “Are Internal Market Cracks Turning Into Chasms?” — Recently noted deterioration in market internals appears to be getting worse, as evidenced by this rare divergence in the Nasdaq market. One of the hallmarks of our intermediate-term Risk […]
SMALL CAPS HAVE GIVEN UP RELATIVE GAINS – A LEADING INDICATOR OF LOOMING MARKET PROBLEMS
SMALL CAPS HAVE GIVEN UP RELATIVE GAINS – A LEADING INDICATOR OF LOOMING MARKET PROBLEMS Small Caps out-performance since the election has been erased…
SII RETAIL: WORST PERFORMING Q2 EARNINGS SECTOR
SII RETAIL: WORST PERFORMING Q2 EARNINGS SECTOR GETTING UGLY IN RETAIL (As our SII Focus has been expected) Retailer Rout returned with earnings… For the worst week since Dec 2016…
THE 1987 VERSUS 2017 COMPARISON CONTINUES TO OMINOUSLY TRACK
THE 1987 VERSUS 2017 COMPARISON CONTINUES TO OMINOUSLY TRACK
WHEN EARNINGS ARE LESS THAN INTEREST EXPENSES (WITHIN A ZIRP REGIME) – YOU ARE BANKRUPT!
WHEN EARNINGS ARE LESS THAN INTEREST EXPENSES (WITHIN A ZIRP REGIME) YOU ARE BANKRUPT! — SOURCE: 07-30-17 Authored by Mike Shedlock via MishTalk.com – “Zombie Corporations Litter Europe, Kept Alive By ECB” — Bank of America says 9% of European firms have subpar interest coverage. Bloomberg covers the story in its report Zombie Companies Littering Europe May Tie the […]
DON’T BELIEVE THE WALL STREET HYPE – EARNINGS AT 2014 LEVELS
DON’T BELIEVE THE WALL STREET HYPE – EARNINGS AT 2014 LEVELS –SOURCE: 08-12-17 Wolf Richter – “Stock Market Warning Siren is Blaring” — Are we blinded yet by the brilliance of corporate earnings? “Adjusted” earnings growth is 10.2% year-over-year in the second quarter, according to FactSet, based on the 91% of the companies in the […]
SII-RETAIL: RETAIL ROUT RETURNS WITH Q2 EARNINGS (BUT DON’T BLAME AMAZON)
SII-RETAIL: RETAIL ROUT RETURNS WITH Q2 EARNINGS (BUT DON’T BLAME AMAZON) –SOURCE: 08-13-17 MishTalk – Mish Shedlock – “Retail Rout Returns (But Don’t Blame Amazon)” — JCPenney announced a $62 million dollar loss for the quarter. With the announcement, its share price plunged 16% breaking the $4 barrier for the first time. Stocks under $5 are […]
SII – AUTO: THE FINAL NAIL IN HERTZ’S COFFIN – A FLAWED FLEET DEPRECIATION MIX
SII – AUTO: THE FINAL NAIL IN HERTZ’S COFFIN – A FLAWED FLEET DEPRECIATION MIX –SOURCE: 08-14-17 Authored by Daniel Ruiz via Blinders Off blog – “Hertz – The Final Nail In The Coffin” — As a disciplinarian in the automotive sector, my focal point is concentrated on the study of used vehicle values and how they […]