UoM SENTIMENT TUMBLES TO PRE-ELECTION LOWS — SOURCE: 07-13-17 ZeroHedge – “UMich Consumer Confidence Tumbles To Lowest Since Before Election As Trumphoria Fades” — Despite a rebound in business survey hope, a number of consumer confidence measures have been tracking lower in recent months as Trumphoria fades. July’s final UMich consumer confidence data confirms this […]
AVIS PLUNGES ON HUGE MISS – MARGIN COLLAPSE – GUIDANCE CUT – “OVER-FLEETING” — SOURCE: 07-13-17 ZeroHedge – “The Uber Effect: Avis Plunges On Huge Miss, Margin Collapse, Guidance Cut, “Over-Fleeting” — While the growing woes facing the auto sector are well-known by now (see “Carmageddon: Ford & GM Sales Tank Despite Record July Incentive […]
HAS FED LOST CONTROL? FINANCIAL CONDITIONS CONTINUE TO EASE! ACCORDING TO BLOOMBERG: Further easing in financial conditions will continue to fuel the Fed’s concerns that financial distortions are developing. Despite the 100 basis points of tightening thus far in the cycle, the Bloomberg Financial Conditions Index has matched the peak reached in July 2014 — […]
WEAK DOLLAR MAY BE THE EARNINGS BOOST REQUIRED TO KEEP THE MARKET LEVITATED LONGER? The U.S. dollar, down 8 percent this year, will probably weaken further, according to Morgan Stanley. That’s primarily good news for American stock investors. The greenback may finish 2017 down 13 percent, handing S&P 500 companies a 6.5 percent boost to their […]
US NET WORTH TO DISPOSABLE PERSONAL INCOME IS AGAIN PROBLEMATIC
ECONOMIC “FAKE NEWS”! THE MEDIA NARRATIVE DOESN’T MATCH THE FACTS? WHAT THE PROFESSIONALS ARE SAYING Paul Craig Roberts (a former Assistant Treasury Secretary and WSJ Editor) who I have interviewed a number of times over the years recently released a short article entitled: “Ever more official lies from the US government”. He starts it off by […]
ITS GETTING UGLY BELOW THE SURFACE! …”Let’s Talk US Retail & Auto Sales” ON THE SURFACE: RECORD MARKET HIGHS TECHNOLOGY FANG & NOSH S&P 500 / RUSSELL / NASDAQ BUYBACK THE SOLE DRIVER UNDER THE COVERS – A CRITICAL INDUSTRY JUST TWO CRITICAL SECTORS CYCLICAL: AUTO SECULAR: RETAIL DISCRETIONARY SPENDING VICES RESTAURANTS MOTORCYCLES CONCLUSIONS […]
