Bulls Grow Their Ranks Further, Risks Rising Could Pull Back Horns

posted in: Economy, Equities | 0

For the first time in 29 weeks, the Investors Intelligence bulls-to-bears ratio crossed three.  Having come after a nearly 26 percent rally in the S&P 500, this likely is not the beginning of a trend. Investors Intelligence bulls jumped three … Continued

U.S. Inventory Remains Elevated, With Some Signs It Is Getting Worked Off

posted in: Economy | 0

At the start of the year, real GDP in the U.S. was expected to grow at three percent or better this year.  Actual numbers are falling short – substantially.  In the first three quarters, growth has been on a sub-two-percent … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 25, 2015.  Change is week-over-week.  (Please keep in mind that these holdings are as of Tuesday.  By then, from high to low the S&P 500 was down 12.5 percent.  In … Continued

After Two Quarters Of Decline, 2Q15 Corporate Profits Up; 3Q Vulnerable Due To Inventory Build

posted in: Economy, Equities | 0

U.S. corporate profits (adjusted for inventory valuation and capital consumption) broke a two-quarter downtrend in 2Q15, up 2.4 percent quarter-over-quarter to $2.06 trillion.  This followed two consecutive quarterly drops in 4Q14 and 1Q15.  A welcome change! The back-to-back drop in … Continued