Author Archives: Darren Marchal

Word Is Bond

I’m short Treasurys, my dude. Dat’s yo’ word, son? Dat’s my word, homie. And word is bond. The “word” was indeed “bond” on Tuesday, or more appropriately “bonds”, plural. And some folks are indeed short. “Short USTs” was identified as the second-most crowded trade on the planet in the latest installment of BofAML’s closely-watched Global Fund Manager survey,…

Rate Hikes Coming In June & September

Flat Stock Market On Monday The S&P 500 was up 0.09% as it gave back most of its gains from the morning. The Dow now has an 8 day winning streak. The Russell 2000, which is the closest major index to its all-time high, was down 0.4%. This flat market supports my thesis that the…

Copper: Driving The Green Energy Revolution

Copper is known as “man’s first metal”, and for over 10,000 years, it’s been used in applications ranging from architecture to coinage. However, it was Michael Faraday’s discovery of electromagnetic induction in 1831 that turned demand on its head for the red metal. As the world used more and more electricity, copper became known as…

Something’s Amiss In The U.S. Jobs Market

The pace of employment cuts in the service sector is accelerating. It’s difficult to discern given the incessant headlines lamenting the dearth of skilled workers, but something is amiss in the powerhouse U.S. services sector, which accounts for some 80 percent of the economy. The headline figures say very little. The Institute for Supply Management’s April survey of…

April 2018 Sea Container Exports Strengthen

The April month-over-month export counts were much stronger than last month and the year-to-date exports are up 4.6 %. Analyst Opinion of Container Movements Simply looking at this month versus last month – the growth rates were stronger for both exports and imports. The year-to-date and the rolling averages are positive for imports and exports…

E

Macy’s (M) is expected to report earnings Wednesday before market open. The whisper number is $0.34, three cents short of the analysts’ estimates and showing no confidence from the WhisperNumber community. Whispers range from a low of $0.30 to a high of $0.37. A year ago the company reported earnings of $0.24, ten cents short…

Will Q1 Earnings Bring More Pain For Wal-Mart ETFs?

Mega retailer Wal-Mart (WMT – Free Report) is set to release first-quarter fiscal 2019 results on May 17, before the market opens. After posting sluggish results for fourth-quarter fiscal 2018 results due to the slowdown in e-commerce sales, it is worth taking a look at its fundamentals ahead of its latest results. The stock has been beaten…

Where We Are In The Cycle

An image in a Tweet accurately describes the folly of Fed-sponsored bubbles. A Tweet by OccupyWisdom accurately portrays the Fed-enhanced Cycle of Stupidity. If accurate, and I believe the graphic is precisely on the mark, the interest rate cycle is nearly over, just as a near-unanimous consensus has formed that the bond bull market is over…