Earnings estimates are dropping again with Q2 reporting season underway.
via Kevin C. Smith, CFA:
Trump Signs Bill Into Law, INSTANTLY PLEASES ALL AMERICANS
https://www.youtube.com/watch?v=wMJr7aNjcLQ Molly Prince from The Daily Wire reports, President Donald Trump signed legislation on Monday ensuring that the 9/11 Victim Compensation Fund remains solvent through 2092, thereby virtually ensuring permanent financial support for first responders and their families. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/50013/…
NOAA’S BEST US Temperature Record Shows COOLING Since 2005
by Natura Naturans The clueless global warming fraudsters will be chagrined by this fact, the best temperature record of NOAA with the best siting, the best thermometers, shows a cooling in the US from 2005: A review of state-of-the-art climate data tells a different story than what NOAA tells the public. While media outlets scream “hottest … Read more
Waiting on Fed Rate Cuts and Odds of Recession
by FS As the financial world waits to see what the Fed’s planned for interest rates, expectations of a recession are growing. Financial Sense Newshour spoke with Ari Wald of Oppenheimer & Co., and Ryan Sweet at Moody’s Analytics, to gage their perspectives on current conditions and how future rate cuts may play out later this year. … Read more
According to Bloomberg, of the 1600 firms giving 1st half guidance, 40% predicted a drop in earnings. That E in your PE ratio is trending lower & “cheap” is relative.
via Trinh Nguyen: Worst sectors in H1: a) Petroleum processing -56%(worsening)🥶 b)Other mining -44% (improving) c) Non ferrous metals -38(improving) d) Chemical fibers -25% (worsening)🥶 e) Metal products -15 ((worsening)🥶 f) Textile -26% (some stabilization) 🥶 Bottom line regarding industrial profits in H1: a) Policy support is working to help stabilize some downstream sectors & … Read more
Chart: Fed govt borrowing to fund its increased spending no longer helps GDP.
via @FGMR: Fed debt rising faster than GDP since the financial crisis. With the debt ceiling removed until July’21 we are now in Mises crack-up-boom territory (link: https://kingworldnews.com/james-turk-historic-news-just-announced-that-will-not-only-impact-gold-but-also-the-world/) kingworldnews.com/james-turk-his…
Beyond Meat (BYND) – Insiders and “original investors” are selling
Insiders and “Original Investors” are cashing out. Better sell this soon before this craters. Please do not loose your money. (I am NOT short BYND and as a customer want this company/sector to succeed). The lockout period was supposed to end in October, but insiders could not wait out the sky high valuation. Why do … Read more
Buybacks have exceded free cash flow for the first time since the financial crisis.
via CNBC: Share buybacks are expected to approach $1 trillion this year, according to Goldman Sachs. Funding is coming from a record drawdown in cash as well as a rise in gross debt and leverage. Buybacks have exceeded free cash flow for the first time since the financial crisis. U.S. companies are on pace to … Read more
Beyond Meat — GoPRO on vegan STEROIDS? – see the comparison
by meditationLearner IPO — GPRO @ $24 vs BYND @ $25 High — GPRO – $ 98.47 vs BYND – $239.71 Sales IPO year — GPRO – $1,400M vs BYND – $240M Secondary offering before lockout GPRO – @ ~$75 — 1 month before lockout BYND – @ ~$200 — 3 months before lockout Stock Price 1.5 years … Read more
The stock market could be in for a ‘VIXplosion,’ says widely followed strategist Sven Henrich
by SpontaneousDisorder He also mentions poor market breadth which we seeing in the “Hindenburg Omens” which were present at the tops last year. Sentiment is also very extreme, for example the 21 day moving av. of the daily sentiment index is 82 in the S&P, which is close to the extremes we’ve seen over the last … Read more
June 2019 Set The Record For Most Inflow Into Us Bond ETFs … Pay Attention To Where The $$$ Is Going
by TacAirlifter The previous record was set back in late summer 2014 at 17.4 billion as you can see in the chart. If record money is leaving stocks and going into bonds … where do you think we’re headed?
Deal or No-Deal, Brexit Dooms the Euro – Luongo
via tomluongo: Deal or No-Deal, when it comes to Brexit, the euro is toast. Markets, however, believe the fantasy of its survival. As we approach the end of July the euro clings to support at $1.11, mere pips away from a technical breakdown. That breakdown will trigger a wave of asset liquidation and another round of … Read more
Dear Stock Investor, I’m About to Steal Profits Right out of Your Brokerage Account
by Jeff Clark, Senior Analyst, GoldSilver Dear Main Street and Wall Street Investor, I’m a pretty nice guy. But you may not think so if what I outline below comes to pass. You see, over the next few years, I’m going to steal cash right out of your brokerage account. It’ll go from your portfolio … Read more
Why Central Bankers And Global Gov’t Are Absolutely Horrified At The Moment
via @StockBoardAsset: someone buying credit insurance for the past 30hrs declining price trends in memory chips suggests the global economy remains in a cycle down period ugly Stock Market Peaking? Price Resistance and Dumb Money Warning S&P 500 Index (INDEXSP: .INX) “weekly” Price Chart The stock market has been resilient in 2019, grinding higher… and … Read more
Everything in Japan
by Snydeman I’m not sure I’d say things in Japan are fine… Japan’s Youth Suicide Rate highest… Or, this: “In Japan, suicide borders on a crisis level, though the government has been active in intervention to decrease the risk of suicide among vulnerable populations. It is the leading cause of death in men among the ages of … Read more
America Has Gone Crazy: A 79-Year-Old Woman Was Just Sentenced To Prison For Feeding Stray Cats
by Michael Snyder In order for any society to function smoothly, the vast majority of the people need to behave at least somewhat rationally. Of course there are always going to be exceptions, and we understand that, but most of us operate under the assumption that most of the people that we are going to … Read more
We Just Witnessed 3 Major Developments That Could Easily Lead To Global War
by Michael Snyder It has been a seemingly quiet summer in America so far, but meanwhile we are witnessing major developments on the other side of the globe that could change everything. We are so close to war, and yet most people have absolutely no idea what is happening. In fact, if you showed most … Read more
The Most Splendid Housing Bubbles in America, July Update: Year-Over-Year Declines Spread to Seattle
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Seattle House prices fall year-over-year, as do New York & San Francisco Bay Area condo prices. Los Angeles, San Diego tick up. Denver, Boston hit new highs. Las Vegas, Miami, Phoenix aspire to their crazy peaks of Housing Bubble 1. Year-over-year declines have spread to house prices in the Seattle metro, after … Read more
Spain’s Big Five banks (already down from the Big Six) could soon be four.
By Nick Corbishley, for WOLF STREET: The ECB’s NIRP forever policy is crushing Eurozone banks’ ability to turn a profit, warned the CEO of Bankia, José Sevilla, on Monday. “It is clear that the current rate scenario is hurting the profitability of the banking business,” he said. “We think low rates are good and perhaps even desirable. But the … Read more