Service Sector PMIs Diverge

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by UPFINA We look at hirings over openings when reviewing the JOLTS report. That’s why our articles sometimes differ from the headlines you find elsewhere. In September, job openings fell from 7.301 million to 7.024 million. The good news is the August reading was revised up from 7.051 million. Ultimately, job openings are meaningless if they … Read more

IRS announces 2020 retirement account contribution and income limit amounts

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by NikeSwish​ https://www.irs.gov/pub/irs-drop/n-19-59.pdf Main updates: Contribution Limits 401(k)/403(b)/most 457 plans/Thrift Savings Plan increases to $19,500. Catch up limit for employees 50 and older rises to $6,500 from $6,000 SIMPLE contribution limits goes up to $13,500 from $13,000. IRA contribution amount remains the same at $6,000 Income Limits Single IRA income limits when covered by a … Read more

CHART OF THE DAY: Oil prices have fallen below Saudi fiscal breakeven for 5 years in a row

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US shale companies often use a narrowly defined metric that only includes the cost of drilling and production, leaving out all other costs (this runs anywhere from $40-$60 depending on the well and location) However from a free cash flow perspective see below chart pic.twitter.com/O7bfBgMBaD — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 6, 2019

Harsh, but true words on QE, which apply especially on the #Eurozone

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Harsh, but true words on QE, which apply especially on the #Eurozone .#ECB https://t.co/S4mwEbjTNH — Tuomas Malinen (@mtmalinen) November 6, 2019 Ray Dalio didn’t mince words in a post on LinkedIn about the paradox of free money in the global economy he titled “The World Has Gone Mad and the System Is Broken” https://t.co/lU80Ygarzi — … Read more

No Trade Deal This Month, Slower U.S. Growth

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NO TRADE DEAL THIS MONTH https://t.co/paTcXUHNn2 — Alastair (@StockBoardAsset) November 6, 2019 Drop in Consumer-Goods Imports Points to Slower U.S. Growth “We haven’t seen that category (consumer-goods) fall by this magnitude in a considerable time.”https://t.co/pb11ec99gV pic.twitter.com/LqqrlbNMnT — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 6, 2019 rate cuts for next month start to rise on no … Read more

After years of pumping financial support into dying companies, China is letting them fail…

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After years of pumping financial support into dying companies, China is letting them fail—and building a bankruptcy system to clean up the mess https://t.co/sVzZc0Vr1Q — Real Time Economics (@WSJecon) November 6, 2019 Last week we saw the largest divergence between China’s Caixin PMI & official PMI, as Caixin new orders ripped. We know that Caixin … Read more

The bear narratives for AAPL

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by cbus20122 The same Bear narratives I hear now is what I heard in 2012. Same as 2014. Same as 2016. But AAPL keeps going up. So have things changed? I would argue that the bear narratives were correct that you mention. The issue is that you’re just looking at this on a much longer time … Read more

The growth model at Amazon I think is somewhat tapped out for the time being. Will they keep growing?

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by cbus20122 Probably in some ways, but it’s not going to be the growth monster it was. Any growth they have in the near term will likely come from costly acquisitions that don’t actually produce positive ROI, but may have the appearance of growing the revenue portion of their income statement. AWS has been Amazon’s bread … Read more

Chesapeake Energy, once a Major Fortune 500 Energy Giant, Trades as Penny Stock After Going Concern Statement.

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Shares of Chesapeake Energy Corp. took a deep dive Tuesday, after the oil and natural gas production company added a “going concern” statement in its quarterly filing with the SEC, which raised the specter of a potential credit default if current conditions continue. The company also reported financial results missed Wall Street expectations for a … Read more

This is the longest earnings recession without an economic recession (if it hasn’t started).

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This is the longest earnings recession without an economic recession (if it hasn’t started). The collapse in bond yields implies fwd EPS growth will go negative which is almost always accompanied by multiple contraction. #recession pic.twitter.com/PSvup36eku — Greg (@GS_CapSF) November 6, 2019 The S&P 500 forward earnings year-over-year growth has slowed to less than 1% … Read more