CITI’S HARD DATA AT TROUBLING TWO YEAR LOW! Citi bank is showing the fall in the US Hard Data Surprise Index which on Friday tumbled to a fresh two-year low. The fall to such low levels occurred due to the near one standard deviation miss in June retail sales. In contrast, US soft data surprises are […]
FEW REMAINING BEARS ARE BEING SHOT! More people that are shorting the market in the near term are being forced to immediately cover once their narrow stop losses were triggered. As JPM’s Prime Broker Service showed last week, the amount of short covering just hit a YTD high. As of this week, the short interest […]
WATCH THE NASDAQ & RUSSELL 2000 – TESTING CRITICAL SUPPORT
WHY THE FEDERAL RESERVE DOESN’T SEE THE BUBBLE For those Investment Funds that believe in the validity of the US GDP and also trust the US CPI Inflation measure – then the markets are not in a bubble. This is why the Federal Reserve cannot see that the market is in another historic bubble.
Q2 EARNINGS PREVIEW: WATCH OUT FOR EARNINGS GUIDANCE WEAKNESS –SOURCE; 07-09-17 ZeroHedge — “Q2 Earnings Preview: “After Strong Q1 Guidance, Watch Out For Weakness In Q2” — 2Q17 earnings season kicks off next Friday with four banks – Citi, JPM, Wells And PNC – reporting results, accounting for roughly 5% of the S&P 500 by […]
“FANG & NOSH” COMPONENT, O’REILLY AUTOMOTIVE PLUMMETS –SOURCE: 07-05-17 ZeroHedge — “O’Reilly Automotive Plummets On Disappointing Sales; Mild Winter, Low Hispanic Spending Blamed” — O’Reilly Automotive stock crashed as much as 21% on 7 times its average daily volume, its biggest drop since June 2012 dragging the share price to the lowest since October 2014, […]
JUNE AUTO INCENTIVES AVERAGE 11% – FORCED TO MARCH HIGHER –SOURCE: 07-03-17 Automotive News — “Incentives continue march higher as U.S. sales stall” — Incentives represented 11% of average transaction prices in June Automakers are steadily increasing incentive spending, as U.S. light-vehicle sales continue to slow heading into the second half of 2017. ALG reports automakers spent […]
