Best week for shorties since the 2008 crash, starting Tuesday! Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi at the Federal Reserve Bank of Kansas City’s conference Jackson Hole, Wyoming.
The Fed's and Bank of England's minutes, add to world wide housing doldrums from US to China to UK just adds fuel to the July 29-30 minutes from August. U.S. sales of previously owned homes eight-month high in July as the last of the looky loo's get off the shelf and buy buy buy, but a report in the coming week may show holes in that bubble. The only saving grace--U.S. consumer-price index probably rose at the slowest pace in five months, because Micky D part time jobs don't support a boom.
MONDAY, AUG. 18 Merkel visits Latvia to fan flames on the Ukraine crisis with Latvian Prime Minister Laimdota Straujuma. Latvia borders Russia, joined the euro area this year. (09:30 EDT).
-ECONOMY: Chile GDP (CLGDPNA%) (second quarter), China home prices (July), (crash) Hong Kong unemployment (July) (boom), Thailand GDP (second quarter) (who cares?), U.K. house prices (Aug.) (CRASH!), euro-area trade balance (June), Bloomberg monthly euro-area survey of economists, (blithering idiots all) Ukraine industrial output (July) (it's the war zone, stupid). TUESDAY, AUG. 19 -U.S. housing starts slump to a ten month low 08:30 in Washington. U.S. CPI July will slow-gas prices eased.
WEDNESDAY, AUG. 20-Fed July 29-30 meeting minutes as Yellen weighs raising interest rates for the first time since 2006 as unemployment doesn't reflect quality of jobs, the Fed's next mistake brewing away.THURSDAY, AUG. 21 -Fed Jackson Hole, Wyoming, its annual symposium, this year titled “Re-Evaluating Labor Market Dynamics.” in a balloon economy. That's where we repeat the Emperor's New Clothes to an astounded world, mistaking jobless claim improvement for folks dying of starvation.FRIDAY the Urinepeeons take stage to announce easing, they'e playing catchup.
Having fun yet?
Spectacular runup followed by contraction after terrible quarter? Who's going out to eat these days? If the stores are packed, are they giving the food away for free?
Well, welcome to Walgreens decision to keep corporation in the US--and the haircut to end all haircuts.
Instead of threats and rhetoric, pols should do their jobs and change the law so that it is better to do business in the US economically.
Fed chairmen usually use Jackson Hole meetings to jawbone future plans. It doesn't look good for inflation. I won't look any better after said chair besides jawbones interest rates jumps coming six months down the road This is not the time to be in hedge positions against inflation that government statistics refuse to recognize The whole market is acting like a skittish turtle.
Cash is king
That's my opinion and I'm sticking to it
Same story, with subscription radio paying too much for Howard Sperm. In this case, Kevin Spacey. XM SIRI should have stuck to playing music, and NFLX should stick to bottom of the barrel DVD reruns, you can't beat costs nothing with a lot of drillion dollar "original" series without buying shareholder's lunch.
Worse than I predicted, good, however hoked up, is viewed as bad, and the continuing claims "improvement" and existing home sales is just viewed as another hammer blow on the pin of hiking overnight rates, which the country has more faith in than record profits by anyone. Witness the blood bath of missing estimates by a penny.
Well there's always next week so remember, the it always looks darkest just before it goes black completely.
Reset five bucks higher by end of day Thursday 24 July, but, lower highs and lower lows are persisting -- breach the low of $418, and it's $413 by end of day Friday.
This falling knife is falling at increasingly faster speeds. Now's not the time to be long and stepping in to bottom feed, the bottom feeders are being eaten by bigger fish.
AMZN miss will not help the mo mo crowd.
See how that works?
Thanks for the cheap shares
And a horse's rectum can fly into your face emitting huge clouds, but, like COMCAST, it doesn't seem to want to.
A shame, and a waste of an obviously good poot well spent.
You can't play "I'm a network" unless you think original content, but kids, there is a wall, and the market can't play go go forever, witness what happened when Howard Sperm stripped SIRI satellite radio of drillions, the stock went from $7.50 to pennies.
If NFLX has nothing to do with its money, there's always a dividend to shareholders.
Flat housing values last three months tell you all you need to know, the reflation of home prices has stalled, and the only thing keeping new housing bubbling along is the lack of sellers still underwater from the last bubble. But after the sucky winter doldrums in which all the pundits blamed baby it's cold outside, there will be no such excuses for the second quarter nor the summer, for which July looks more like May.
I still hold a core with covered calls sold against, never has that looked so intelligent.
Jul 22 8:30 AM Core CPI Jun - NA NA 0.3% -
Jul 22 8:30 AM CPI Jun - 0.4% 0.3% 0.4% -
Jul 22 8:30 AM Core CPI Jun - 0.2% 0.2% 0.3% -
Jul 22 9:00 AM FHFA Housing Price Index May - NA NA 0.0% -
Jul 22 10:00 AM Existing Home Sales Jun - 4.95M 5.00M 4.89M -
Jul 23 7:00 AM MBA Mortgage Index 07/19 - NA NA -3.6% -
Jul 23 10:30 AM Crude Inventories 07/19 - NA NA -7.525M -
Jul 24 8:30 AM Initial Claims 07/19 - 315K 308K 302K -
Jul 24 8:30 AM Continuing Claims 07/12 - 2550K 2533K 2507K -
Jul 24 10:00 AM New Home Sales Jun - 430K 475K 504K -
Jul 24 10:30 AM Natural Gas Inventories 07/19 - NA NA 107 bcf -
Jul 25 8:30 AM Durable Orders Jun - 0.3% 0.3% -0.9% -1.0%
Jul 25 8:30 AM Durable Goods -ex transportation Jun - 0.8% 0.7% 0.0% -0.1%
Maybe 1,000,000 a half year early?
Low interest rates for the next year and a half guarentees more affordable housing being built for this and the next season.
So, thanks for the cheap shares!