Many Reasons For Sluggish U.S. Capex — Inventory Being Latest

posted in: Credit, Economy | 0

It has been a consistent theme post-Great Recession.  U.S. businesses have persistently disappointed when it comes to capital expenditures.  It does not look like we will see a trend change anytime soon. The National Federation of Independent Business, representing small … Continued

Weekly Sep 11th Covered Call On IWM

Later this morning, August’s NFIB (National Federation of Independent Business) optimism index is published.  July was 95.4, up 1.3 points month-over-month.  The index has been under pressure since the recovery high of 100.4 reached last December.  The last time it … Continued

Amidst continued selling of rally attempts, bounce probably due

posted in: Derivatives, Equities, Technicals | 0

Bounces are normal within established downtrends 2015 starts out lousy; selling/shorting rallies ka-ching so far this year Should Draghi disappoint next week and U.S. stocks get sold, weakness probably gets bought For ardent believers of “as goes January, so goes … Continued

Persistent lack of wage gains can ultimately have repercussions for economy

posted in: Economy | 0

Steep drop in unemployment rate typically would suggest upward wage pressure Shrinkage in labor force takes bargaining power away from employees Corporations taking increasing share of national income vs labor It has been a while National Federation of Independent Business … Continued

M/M order drop in biz capX proxy latest to show September deceleration

posted in: Economy | 0

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

NFIB September capX plans dash hopes of capX revival

posted in: Economy | 0

Revised 2Q14 U.S. GDP estimates revived hopes of capX revival U.S. corporates have continued to disappoint as relates to adding capital NFIB capX plans in September show why that is not likely to change anytime soon When the preliminary estimates … Continued

Revised 2Q14 GDP numbers once again revive hopes of capX revival

posted in: Credit, Economy | 0

The revised 2Q14 GDP numbers last week have rekindled hopes of a corporate capital spending revival in the U.S.  It was the second estimate (preliminary), so there is one more revision to go.  Nevertheless, several inputs related to corporate spending … Continued

U.S. employees getting more comfortable quitting?

posted in: Economy | 0

Jobs have been relatively hard to come by in the current economic recovery.  From the January 2008 high of 138.37mn, U.S. non-farm payroll nosedived all the way to 129.66mn by February 2010, for a loss of 8.7mn.  It took four-plus … Continued

If one were to believe NFIB survey, faster earnings growth awaits U.S. employees

posted in: Credit, Economy, Equities | 0

Heard yesterday on Bloomberg Radio that U.S. consumption of boats and RVs is through the roof; RV sales are back to pre-Great Recession days, even as sales of boats are below that watermark but remain very healthy.  These items tend … Continued