A Journal of Independent Research, Analysis, Opinion and Insight
05 14 21 WOWS FULL ISSUE An Alternative Way To View Or Print The Entire Current Issue As A Single Document 6/11/21 Attention Paid-Up Subscribers: To read or print the entire current issue as a single document, use the "easyprint" feature in the "Nav bar" to the right to open it, or any of WOWS' individual features, as an Adobe PDF file, and then print it. Alternatively, you can click "more" at the bottom of this paragraph and then click the red Adobe icon that appears. Your second click will download the full issue .pdf file of WOWS' latest issue to your computer, a process that -- depending on the file size and your connection speed -- might take more than the blink of an eye. Then, depending on preferences you've set on your device, it will either open automatically or show up in your downloads folder, waiting to be opened. [More]
I’ll admit it. Alarm bells go off in my head when a portfolio manager starts talking about needing a lot of “creativity to imagine” just how successful the fundamentally great, sustainable growth company stocks he’s buying will be — five or 10 years down the road. But Ken McAtamney said precisely that very early in our recent interview and I kept listening — intently. The man’s passion for investing is palpable.
By Gary Gensler Having started at the SEC last month, I have been struck by the sheer breadth and scope of the capital markets and the agency’s work. The SEC oversees the nearly $100-trillion capital markets, or measured another way, about $110 trillion in assets under management.
By Philippa Dunne and Doug Henwood Within the “something for every ideologue” commentary we’re all reading about last Friday’s May payroll report, Josh Bivens at Economic Policy Institute took an in-depth look at average hourly earnings trends for bartenders, full-service and limited-service restaurant workers that suggests the May acceleration in Leisure & Hospitality wages may provide even “less evidence of a sector-specific shortage than previously thought.”
He ties the fall in wages among food-service workers to bar and full-service restaurant workers, over one-third of sectoral employment, where tips are a big part of income. We highly recommend a look at his tables where he frames the reallocations of hours worked among those employed in full-service restaurants and bars against those in limited-service restaurants during two periods: February to April 2020, and December 2020 to March 2021.
By Dave Rosenberg The inflationary pressures we are seeing in some of the data releases recently may be disconcerting, but we pride ourselves in looking at the big picture and not getting bogged down by transitory events. And the view from 10,000 feet tells us that we should not anticipate a long period of sustained inflation like that of the 1970s, though some market pundits are convinced we are headed for an inflationary or even a hyperinflationary environment.
By Dimitri Balatsos Handicapping central bank policy is a parlor game and fodder for talking heads. Beyond pure guesses, there are no reliable models to foretell changes in the course of monetary policy.
By Doug Ramsey Growth stocks, “meme” stocks, and most cryptocurrencies meet our subjective criteria for what constitutes a bubble. But what about the US housing market — where realtors now outnumber the number of houses for sale, and a few overzealous buyers have offered to name offspring after the sellers?
By A Gary Shilling The US single-family housing market has been on a tear (Chart 1), raising two important questions. Is this a bubble that will burst? And when will the bonanza end? Our October 2020 Insight examined the then-soaring housing market in detail while a second article asked, “What Could Spoil The House Party?” The spoilers are coming into view.
“I wanted to put up the NDX chart today, this follows on my note about SOX and the Elliott Wave setup there, that we looked at last week. This is naturally a very similar situation in NDX and again, I think the market showed you that the invalidation levels on the bullish counts lie under the 5/19 reversal bar. [More]
Playing Catch-Up? Nasdaq Getting Closer To Hurdling Resistance 6/11/21 7:20 AM By Andrew Addison After months of weakening internals, the OTC Composite Index is getting closer to hurdling resistance. The daily Composite chart shows that the percentage of stocks trading above their 50-day moving averages broke out of a 2-month base. [More]
Wage Pressures What Is Labor Market Signalling? 6/11/21 7:00 AM By Julie L Hotchkiss Wage pressures among the newly employed in low-wage service occupations appear to be the result of normal economic forces, likely reflecting demand surges for — and a reluctant supply of — workers in occupations particularly hard hit by pandemic-induced economic shutdowns. [More]
Blaze Tankersley The market seems to have descended into an outright casino at this point as Wall Street Bets runs rough shod over shorts and continues to push seemingly nonsensical trades to fantastic levels. Can you make a bad company a good one simply by buying up the stock? Are pyramid schemes legit investing now? This is disturbing, destabilizing action but I am really not sure what to do about it other than to have a nagging sick feeling this is not at all headed somewhere good. The Daily Blaze 3|5 Global Analytics June 9, 2021
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