We’ve updated our monthly workforce analysis to include last week’s Employment Report for March. The unemployment rate remained at 4.1%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 103K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian…
The British Pound has rallied more than 4.7% against the Japanese Yen since the March lows with the advance now testing a key confluence resistance range. While the broader outlook does remain weighted to the topside, the rally may be at risk near-term while below this threshold. GBP/JPY DAILY PRICE CHART Technical Outlook: In this week’s Technical Perspective, we highlighted a…
The first time we visited a location, and subsequently hosted a corporate event there, it quickly became clear to us that Dave & Buster’s (PLAY) was a cash cow, and this was without looking into the financials of the company. In this article, we discuss the company’s ability to generate sales and maintain this cash cow…
Not much has changed with respect to price action since I wrote my last post about Canada’s TSX Index, as shown on the following monthly chart. It’s still dangling precariously outside of its long-term upward trending triangle formation, after dropping 7.22% from its record high set on January 4th. The momentum indicator is in downtrend, but remains above the zero level. On a shorter-term weekly basis, the TSX is…
We shouldn’t expect the labor participation rate to be 100 percent, or even near it, but the downward trend is worrying. There is a lot of good news about the job market in America. The official unemployment rate, released just yesterday, is down to 4.1 percent, which is the lowest it’s been since the end of the…
Last June we reported that according to the Institute of International Finance – perhaps best known for its periodic and concerning reports summarizing global leverage statistics – as of the end of 2016, in a period of so-called “coordinated growth”, global debt hit a new all time high of $217 trillion, over 327% of global GDP, and up…
Wholesale inventories rose 1.0% nearly matching the consensus 1.1% estimate. The Census Bureau Monthly Wholesale Report for February shows inventories rose 1.0 percent nearly matching the Econoday consensus. It wasn’t a difficult guess in light of the advance (preliminary) Census Bureau estimates. Sales: February 2018 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for…
Four Pillars of GDP: Driven by private consumption Indonesia has good GDP growth, driven mainly by private consumption and secondly investments. Government consumption contributed the least to GDP growth in the past four quarters. Highest profitability in Asia reflected in valuation Indonesia has had, and consensus expectations are, that the country should continue to have the…
The March BLS monthly jobs report was a disappointment in terms of total job creation as only 103,000 were added instead of the 175,000 expected. Furthermore, the report missed the lowest expectation which was for 112,000. It’s important to recognize this is a volatile data point. The February job growth was revised higher from 313,000…
Many analysts and talking heads have been saying that volatile markets provide fantastic, can’t-miss investing and trading opportunities. That is only half true. Yes, rising volatility scares off the weak in favor of the strong, but it’s still a nerve-wracking environment in which to trade. I prefer to follow stock market trends, not volatility. Why stock…
