Schedule for Week of February 1, 2015

The key report this week is the January employment report on Friday.Other key reports include the January ISM manufacturing index on Monday, January vehicle sales on Tuesday, the ISM non-manufacturing index on Wednesday, and the December Trade Deficit on Thursday.----- Monday, February 2nd -----8:30 AM ET: Personal Income and Outlays for December. The consensus is for a… Read More..

Twitter shares plumb new lows as stock lock-up expires

(Reuters) - Shares of Twitter Inc sank 18 percent to a new low in frenzied trading on Tuesday, wiping out more than $ 4 billion of its market value, as early investors sold stock in the messaging... Reuters: Global Markets… Read More

Gold And Silver – Probability for a Lower Low Has Increased

We will rely on the proverbial picture being worth 1,000 words and not add anything further to the ominous implications that this chart portends, and it is why the probability for a lower low has to be respected as a highly possible event. Recent Commentaries |… Read More

Unofficial Problem Bank list declines to 388 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for Jan 30, 2015. Changes and comments from surferdude808: As expected, the FDIC released an update on its enforcement action activities through December 2014 that contributed to all of the changes to the Unofficial Problem Bank… Read More

Dangerous Games of Chicken

It's difficult to imagine more challenging analysis. The global nature of the current Credit Bubble creates dynamics and complexities dissimilar to previous Bubble cycles. There are extraordinary uncertainties ... Recent Commentaries |… Read More

Comment on Q4 GDP and Investment: R-E-L-A-X

There are legitimate concerns about a strong dollar, and weak economic activity overseas, impacting U.S. exports and GDP growth. However, overall, the Q4 GDP report was solid.The key numbers are: 1) PCE increased at a 4.3% annual rate in Q4 (the two month method nails it again), and 2) private fixed investment increased at a… Read More

Restaurant Performance Index shows Expansion in December

I think restaurants are happy with lower gasoline prices (except, I hear, McDonald's) ...Here is a minor indicator I follow from the National Restaurant Association: Restaurant Performance Index Finished the Year on a Positive NoteDriven by positive sales and traffic and an uptick in capital expenditures, the National Restaurant Association’s Restaurant Performance Index (RPI) finished… Read More

Freddie Mac: Mortgage Serious Delinquency rate declined in December

Freddie Mac reported that the Single-Family serious delinquency rate declined in December to 1.88%, down from 1.91% in November. Freddie's rate is down from 2.39% in December 2013, and the rate in December was the lowest level since December 2008. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that… Read More

Final January Consumer Sentiment at 98.1

Click on graph for larger image.The final University of Michigan consumer sentiment index for January was at 98.1, down slightly from the preliminary estimate of 98.2, and up from 93.6 in December.This was close to the consensus forecast of 98.2. Lower gasoline prices and a better labor market are probably the reasons for the recent… Read More

Best Practices in Trading: Building a Learning Network Via Social Media

One of the greatest psychological challenges of trading is a cognitive, not an emotional, one.  It is the challenge of bandwidth:  our limitations in processing large amounts of information at any given time.  Many portfolio managers I've worked with have developed ways of expanding their bandwidth, including building out teams to help with research and… Read More