With just weeks to go before the year wraps up we are surprised by the significant decline we’ve seen in 2013 EPS estimates since October. It seems analysts are suddenly taking a more sober view on the year’s earnings, and the phenomenon is global.
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NYSE Margin Debt data was released for October and showed that it has, once again, reached all-time highs.
Read MoreConsumers in France see a diminished capacity to save, a deteriorating general economic situation, and rising unemployment over the next year– all of which adds up to a decline in confidence: Germans, on the other hand, were surprisingly more confident about the consumer climate in November, as evidenced by the unexpected increase in the Gfk
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It seems a (risk on) yen funded carry trade has been one of the main drivers of stocks over the last few years, but is time running out or are we just getting started as the yen breaks to new lows against the euro?
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Given the recent gyrations in Tesla we thought we’d take a look at this year’s best performing stocks to see if they are all starting to struggle, or if Tesla is the exception.
Read MoreConsumer confidence for November came in below expectations at 70.4. The expectations series has declined for the past four months and may indicate that real personal consumption growth will slow.
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Nuance Communications is the worst performing stock in the MSCI World index today.
Read MoreCase-Shiller Home Price Index rose 0.7% in September. Denver is now the most above pre-crisis levels while Las Vegas continues to lag the furthest behind. Based on existing home supply, we may soon see a leveling out of the year-over-year price gains.
Read MoreWe often hear in the mainstream media of all the available cash sitting on the sidelines and waiting to be invested as evidence that this bull market can go on for several more years.
Read MoreIn contrast to a predicted deterioration, France’s survey of confidence among manufacturers managed to remain unchanged in November: And this is perhaps not surprising, given that Industrial companies in MSCI France have led all other sectors in performance over the last four years: But is momentum in this group beginning to falter?
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