Summary: As the migrant crisis in Europe worsens serious steps to address it are being considered. One proposal is for passports to be required in order to cross from one EU country to another. Would such a drastic move spell the beginning of the end for the Eurozone as a viable entity? And if so what…
Housing starts are expected to total 1.157 million units (seasonally adjusted annual rate) in tomorrow’s January update, according to The Capital Spectator’s average point forecast of several econometric estimates. The projection represents a modest increase over the previous month’s level of residential construction activity. Meanwhile, the Capital Spectator’s average forecast is below three estimates based…
The Saudi oil ministers says that they are ready to freeze oil production, but the price of WTI crude oil actually slides. A freeze is not a cut – probably not enough. Russia and Saudi Arabia will freeze production at January levels which are deemed as adequate. Is it adequate for markets? Update: The Russians says that…
The instability in the financial stock markets seems overdone for now, thanks to positive news flows from across the globe and bargain hunting. In particular, renewed hopes for additional stimulus from Europe and Japan led to a rally in the global markets, capping a 20% slide in the MSCI World Index from the recent peak…
Trading is something you have to develop a “feel” for. The only way to do that is with experience. The object of our modeling is to place the entire world before you. Once you become familiar with how to use the model, you will be able to look at any market and ascertain its direction…
One popular approach to investing based on Benjamin Graham’s methods is to use the so-called “Graham Number.” There are some important differences between the Graham Number and the Graham Formula, but using the Graham Number is definitely useful even if the investor only uses it as a screening tactic. I’ve selected the best companies reviewed by…
In this past weekend’s newsletter, I discussed the timing and process of reducing equity risk in portfolios to minimize the ongoing deterioration in the markets. “On a very short-term basis the market is oversold and the bounce on Friday was JUST enough to close above the October lows support at 1860. Any continued rally next week should…
The Empire State Manufacturing Survey improved but continues deeply in contraction. Expectations were for a reading between -16.00 to -7.50 (consensus -10.0) versus the -16.6 reported. Any value above zero shows expansion for the New York area manufacturers. New orders and unfilled orders sub-index of the Empire State Manufacturing Survey are in contraction. This noisy index…
Hope for production cuts were dashed early on as producers agreed to no change from the record high levels of production January – which Barclays says means 1mm bpd excess supply at current levels. However, following a Genscape report suggesting a major 705k build in Cushing crude inventories, WTI just broke down to a $28 handle…
ADT (ADT) announced that it has entered into a definitive agreement to be acquired by an affiliate of certain funds managed by affiliates of Apollo Global (APO) and co-investors and merged with a subsidiary of Prime Security Services Borrower, LLC, a full-service business and home security company in the United States also owned by the…
