Elle’s Economy

2015-03-Faces-BannerTematica Chief Macro Strategist Lenore Hawkins provides regular insights and musings into today’s markets, economics and politics, while fighting for liberty with great wine & music, scores of stilettos and an excessive love of dogs

 

 


But those economic indicators are so HOT!
17 Feb

But those economic indicators are so HOT!

Economic data has been coming in more positive lately, which has led some to get a wee snarky with yours truly over my finger-wagging warnings that the market is exceptionally pricey.  Ok then, game on! The chart below is the Economic Research Institute’s Weekly Leading Index, which according to ECRI, “has a moderate lead over […]

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The Truth About the Trump Trade
15 Feb

The Truth About the Trump Trade

Yesterday we talked about what the mainstream financial news isn’t telling you as the stock market continues to rise into headier and headier territory, so today we are going to discuss just what would need to happen for those lofty valuations to make sense and not feel like we are on a wobbly ladder climbing to […]

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What The Financial News Isn’t Telling You That You Need to Know
14 Feb

What The Financial News Isn’t Telling You That You Need to Know

Investors as a group are notorious for chasing returns, which means everyone piles into whatever has been working best lately and more often than not tends to be late to the party. The catch this time around is whatever has been working best lately is whatever has gone up in price the most. All this […]

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S&P 500 hits record $20T market cap as warning signs mount
13 Feb

S&P 500 hits record $20T market cap as warning signs mount

This morning the S&P 500 reached $20 trillion in market cap for the first time in history even though investors have been flocking out of active management funds and into passive ones, such as exchange traded funds (ETFs), at an accelerating rate. This is typically the behavior we see nearing market tops. As markets move […]

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Amazon.com gets intimate as our Cash-Strapped Consumer hooks up with the Connected Society
10 Feb

Amazon.com gets intimate as our Cash-Strapped Consumer hooks up with the Connected Society

Amazon is taking a step into the scariest dressing room on the planet, the place where most of us women dread to go, particularly in the cooler months when we can’t hope for a tan to help us be more comfortable with our least favorite bits. Competitors argue that women won’t want to purchase intimate […]

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Weak Global Trade Yet One More Headwind for Banks
09 Feb

Weak Global Trade Yet One More Headwind for Banks

  Yesterday the Danish shipping and oil giant A.P. Moller-Maersk (AMKBY:OTC) reported fourth-quarter net profit below consensus expectations with EBITDA of $1.5 billion versus expectations for $2.01 billion. The company also delivered top line revenue of $8.89 billion, below analysts forecasts for $9.54 billion.  That swing and a wide miss pushed the shares down almost […]

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JOLTS Jars with Mainstream View of Jobs
09 Feb

JOLTS Jars with Mainstream View of Jobs

Yesterday the Bureau of Labor Statistics released its monthly JOLTS report (Job Openings and Labor Turnover Summary), revealing further details on labor market conditions in December. Despite all the post-election euphoria, the number of job openings actually declined by 4k and has dropped 130k since September. While the number of new hires rose 40k, the […]

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Earnings not boosting Trump Trade, yet markets continue to rise
08 Feb

Earnings not boosting Trump Trade, yet markets continue to rise

Just a little over two weeks ago Donald Trump took the oath of office. Since then, nary a day goes by without President Trump dominating the pages of most every major publication. Love him or hate him, the man certainly knows how to command attention. Yesterday both the Dow and the Nasdaq hit new interday […]

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Friday’s January Job Report a Blowout, But There’s More You Need to Know
03 Feb

Friday’s January Job Report a Blowout, But There’s More You Need to Know

This morning’s January Employment Report showed the economy added 227K  jobs in January, beating consensus expectations for 170K jobs.  This comes after the surge in January private sector jobs to 246K vs. the expected 165K reported by ADP earlier this week. Great to see some data to back up the uber-optimistic market these days, but […]

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America First? When it comes to GDP we get the bronze!
31 Jan

America First? When it comes to GDP we get the bronze!

Yesterday we talked about how the American economy, despite all the euphoric headlines since the election, didn’t deliver much of a performance in the fourth quarter and in fact we saw the weakest full-year GDP growth rate since 2011 which was well below the U.K.’s 2016 growth rate of 2 percent. Today we learned that the Eurozone […]

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