Six years into recovery, U.S. corporate capX potential yet to turn into reality September saw several macro/company data points in deceleration Latest being m/m order shrinkage in business capX proxy Five-plus years and counting. Still a no-show. The chart below … Continued
As company with 80k customer base, Microchip’s Friday 3Q14 warning caught majority by surprise Commentary from other tech outfits suggest things slowed down in September Too soon to say it is trend in making, but deserves close watch Did things … Continued
There was an article on MarketWatch.com on Friday entitled “Why lagging small caps might not bring down the S&P 500.” The title says it all. The story seeks to justify why prevailing weakness in U.S. small-caps is not a cause … Continued
Unlike a consistent Steady-Eddie CSCO of the past, the company’s quarterly results of late have been a hit-and-miss. In the U.S., business capex is lackluster but steady. In November last year, CSCO spooked investors with a downbeat outlook. In February … Continued
There are some interesting things happening in e-mini S&P 500 futures. First, non-commercials are now net short 121k contracts, nearly double from two weeks ago. In the intervening period, the S&P 500 index has managed to inch up, having backed … Continued