WHAT IS DRIVING THIS RALLY’S RELENTLESS REGISTRATION OF RECORDS? OBSERVATION By some quantitative measures, the recent bid is among the most relentless the market has seen in the past half century, No matter how the market opened, it has consistently closed the day strongly, Going back 55 years, the average cumulative intra-day losses over a 25-day […]
FUNDAMENTALS – MARKETS REMAIN HIGHLY OVERVALUED — SOURCE: 10-03-17 Doug Short – “Market Remains Overvalued” — Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which […]
SII RETAIL: WHAT AMAZON WILL DESTROY NEXT NYU’s Scott Galloway talks with Barron’s about the future of Prime shopping, and why Netflix should be worried. Also, hope for Wal-Mart. “Amazon has replaced profits with vision & growth!” “We Have Seen a Company with access to capital as heap as this in history. It can borrow […]
SENTIMENT: DUMB vs SMART MONEY EXTREME Excerpted from Lance Roberts – RealInvestmentAdvice.com The first chart below shows the 3-month moving average of both smart and dumb-money players as compared to the S&P 500 index. With dumb-money running close to the highest levels on record, it has generally led to outcomes that have not been favorable in […]
SII RETAIL: IT’S ONLY GOING TO GET WORSE FOR AMERICA’S GROCERS — SOURCE: 10-11-17 Bloomberg – “t’s Only Going to Get Worse for America’s Grocers” — As price wars loom, chains come under pressure in debt markets Apollo Global makes unusual $50 million loan to Fresh Market Just over a month after Amazon.com Inc. ate Whole Foods, the […]
SII RETAIL: FOLLOWING THE EATON’S DEATH SPIRAL, SEARS TO END 65 YEARS OF CANADIAN RETAIL HISTORY! Sears Canada is closing up shop, seeking court approval to close its roughly 130 remaining stores — leaving another 12,000 employees across the country without a job — SOURCE: 10-10-17 Financial Post – “‘Following the Eaton’s death spiral’ Sears […]
WEAKER SMALL BUSINESS OPTIMISM – STILL COUNTING ON TRUMP TAX CUTS — SOURCE; 10-10-17 Bloomberg Intelligence. Optimism among small businesses last month was docked by the recent hurricanes, similar to most of the economic data of late. However, based on the NFIB Index, weakness in September was also broad-based and not only concentrated in the regions affected […]
BLOOMBERG: WHY FED POLICY IS BOOSTING COMMODITY PRICES By 10-09-17 Bloomberg – Shelley Goldberg – “Why Fed Policy Is Boosting Commodity Prices” — Janet Yellen has indicated she will continue to raise interest rates and begin to shrink the balance sheet by buying back Treasuries. Under normal circumstances, this policy should pressure commodity prices downward. Yet […]
“AMAZON EFFECT” LEADS INVESTORS TO SOUR ON GLOBAL RETAIL Seattle-based giant is hastening the global shift to online shopping, raising questions about retail operations world-over An Amazon shipment center in India. Amazon’s expansion has put traditional retailers on notice. PHOTO: HIRAJ SINGH/BLOOMBERG NEWS — SOURCE: 09-28-17 WSJ – By Riva Gold and Saabira Chaudhuri Amazon.com Inc.’s AMZN 0.14% expanding reach is prompting investors […]
