We are regularly watching the trends in the retail sector. It has been a real treat to watch as these companies are on the front line with the consumer. What we are noticing is the continued shift by the consumer.
There was a mixed bag of results from the retailers and...
First, this morning, David Rosenberg put out an interesting update. He was looking at the recent purchase by India of gold from the IMF. Is it meant as a currency alternative or a way to keep down gold or????
Take a look at the discussion below and the video that follows…
From...
We are carefully entering portfolio positions in this environment. (Note: Portfolio positions vs. trading positions) A company that we like for its specialty product is Cubist Pharmaceuticals (CBST). It has made all of our screens recently, but we were reluctant to add it to portfolios as the very...
Last month (September 23) we saw a very small shift in a few of the key areas of the Fed statement. In particular the wording change that showed that the Fed saw economic activity has picked up following its severe downturn from “leveling out.”
They also had the following changes:
Businesses were...
There was a draw-down on oil inventories that helped to push markets higher. (Note: Correlations these days are unbelievably high across many market segments)
We have seen these numbers see-saw on a weekly basis giving us little trend to lock onto. Clearly total inventories have been dropping...
