Logo Background RSS

Advertisement

March 2014 | Elliott Wave Analytics

  • 5 Things To Ponder: Words Of Caution
    By on March 31, 2014 | No Comments  Comments
    The financial markets have not done much since the beginning of the year but that is not necessarily bad news.  Despite Russia’s annexation of Crimea which sparked threats of military conflict, the Federal Reserve tapering asset purchases, massive “polar vortexes”and less than im...
  • Core Inflation Remains Well Below Fed Target
    By on March 31, 2014 | No Comments  Comments
    The Personal Income and Outlays report for February was published last week by the Bureau of Economic Analysis. The latest Headline PCE price index year-over-year (YoY) rate of 0.87% is a decline the previous month’s 1.19% (a slight adjustment from 1.18%). The Core PCE index of 1.10% is unch...
  • Will The Nasdaq Determine The Market’s Direction?
    By on March 30, 2014 | No Comments  Comments
    The sideways going-nowhere U.S. market since December continues, with the market down in January, up in February, and sideways in March, which has the major indexes, Dow, S&P 500, NYSE Composite, Nasdaq, dead flat for 2014 so far, no progress in either direction since December. Even the low in...
  • ECRI Recession Watch: Weekly Update
    By on March 30, 2014 | No Comments  Comments
    The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 133.5, up from 133.0 last week (a revision from 132.9). The WLI annualized growth indicator (WLIg) at one decimal place rose to 2.9 from last week’s 2.3. ECRI has been at the center of a prolonged controvers...
  • A Chink In The Market’s Armor?
    By on March 30, 2014 | No Comments  Comments
    According to Wikipedia, the idiom “chink in one’s armor“ refers to an area of vulnerability. It has traditionally been used to refer to a weak spot in a figurative suit of armor. Since the beginning of 2013, the market has been seen as invulnerable.  Despite issues in the Euro...
  • Shiller on Bubbles and Busts
    By on March 30, 2014 | No Comments  Comments
    Rounding out today’s troika of stories on rapidly inflating financial bubbles (that in some parts of the world, for example the U.K., are seen as genuine progress for the economy) comes this Wall Street Journal interview with Nobel Laureate Robert Shiller who talks about the recent history and fut...
  • Is College A Waste Of Time And Money?
    By on March 30, 2014 | No Comments  Comments
    Are you thinking of going to college?  If so, please consider that decision very carefully.  You probably have lots of people telling you that an “education” is the key to your future and that you will never be able to get a “good job” unless you go to college.  And it is ...
  • Philly Fed Leading Economic Index Suggests Expansion ...
    By on March 30, 2014 | No Comments  Comments
    On Monday, the January release of the Philadelphia Fed’s State Leading Economic Index came out for all 50 states of the nation. The leading index is a six-month forecast for the state coincident indexes and the January data showed that all 50 states are expected to see their coincident indexes ris...
  • Problems Keeping 2014 Market Flat Are Obvious
    By on March 29, 2014 | No Comments  Comments
    As the first quarter draws to a close, it remains that the market has gone nowhere so far in 2014. For the year so far, the Dow is down 1.9%, the S&P 500 and Nasdaq are exactly unchanged, and the Russell 2000 is down 0.1%. It couldn’t be any flatter than that. The problems that have investors,...
  • Deflationary Threat To 1990’s Market Replay Sto...
    By on March 28, 2014 | No Comments  Comments
    Yesterday, I wrote a piece discussing why “It Is Impossible To Replay The 90’s”making the point that we are likely replaying the 1970’s instead.  My friend and colleague, Doug Short, emailed me with a valid point suggesting that the inflation of the 70’s, due to the ...
  • Durable Goods Report: Mixed Bag In February
    By on March 28, 2014 | No Comments  Comments
    The headline number beat expectations, but Core Capital Goods New Orders (Nondefense Ex Aircraft) dropped 1.3%. The March Advance Report on February Durable Goods was released yesterday morning by the Census Bureau. Here is the Bureau’s summary on new orders: New orders for manufactured durabl...
  • FOMC Asset Purchases And The S&P 500
    By on March 27, 2014 | No Comments  Comments
    I have been pretty rough on the market over the last couple of days (see here andhere) as to why the markets are unlikely to repeat the secular bull market of the 80’s and 90’s anytime soon.  However, as I have stated repeatedly over the last several months, such comments do not mean ...
  • Changing Culture: Gas Sales and Demographics
    By on March 27, 2014 | No Comments  Comments
    The Department of Energy’s Energy Information Administration (EIA) data on volume sales is over two months old when it released. The latest numbers, through mid-January, were published yesterday. However, despite the lag, this report offers an interesting perspective on fascinating aspects o...
  • Why It’s Impossible To Replay The 90’s
    By on March 27, 2014 | No Comments  Comments
    There was a very interesting article out this morning on Bloomberg discussing “Is The Stock Market About To Go Totally 90’s?”  The opening paragraph is as follows: “Early in 1992, Time magazine projected that the nascent economic recovery would be ‘one of the slowest ...
  • China Output Contracts at Quickest Pace in 18 Months
    By on March 27, 2014 | No Comments  Comments
    The HSBC Flash China Manufacturing PMI shows Output Contracts at Quickest Pace in 18 Months. The overall PMI index, new orders, and production were all lower. Key points Flash China Manufacturing PMI™ at 48.1 in March (48.5 in February). Eight-month low. Flash China Manufacturing Output Index ...
  • Monetary Perspective on QE and Tapering
    By on March 27, 2014 | No Comments  Comments
    In Reflections on the Yellen Taper-Hike Announcement; What Does the Fed Know? I quoted the opinion of Saxo Bank Chief economist Steen Jakobsen. Steen commented “Please, do not think for one minute that FOMC have any clue about the economy six months from and even less so looking into 2015.&#...

Advertisement