(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) INFLATION UNDER CONTROL, GOLD FALLS August 13, 2013 August Core PPI came at 0.0% vs. 0.1% consensus. This indicates inflation is less than expectations.
Yesterday, Apple announced two new iPhones, iPhone 5S and iPhone 5C. Today, at an event in Beijing, Apple announced new iPhone availability at two smaller carriers, China Unicom and China Telecom, but no deal with the largest carrier, China Mobile. Wall Street is venting its disappointment: Bank of America, UBS,
Yesterday after the close, Google GOOG (GOOG) reported earnings of $9.56 per share, excluding items, compared to consensus of $10.78. Revenues came at $14.11 billion compared to the consensus forecast of $14.40 billion. Operating margins came at 28% compared to 33% for the same quarter in 2012. As I listened to Google’s
Yesterday after the market close, the Federal Reserve announced the results of Comprehensive Capital Analysis and Review (CCAR). In CCAR, the Fed evaluates capital ratios under distressed financial and economic conditions, the plan to comply with Basel 3 capital requirements, and the capital planning process. The Fed approved capital plans
On Thursday, Moody’s downgraded 15 banks. On the surface it seems counterintuitive, but the downgrade is positive for JP Morgan (JPM), Morgan Stanley (MS) and Bank of America (BAC) . My 30 years in markets have taught me that it is always positive when an overhang is lifted. Back in
The headline is that Warren Buffett has prostate cancer. There are legions of Buffett experts and prostate cancer experts. I am neither. Berkshire Hathaway (BRK-A, BRK-B) stock has been on my short list to buy and recommend to my subscribers for the last month. So far the U.S. stock market has moved up
Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are rocketing as of this writing. Financial sector, as represented by ETF SPDR Select Sector Fund – Finan (XLF) is one of the top performing sectors in 2012. Subscribers to ZYX Global Multi Asset Allocation Alert have achieved a
Astute observers have long contended that the biggest military threat to the United States in the future is from China. Today, Obama in a speech is expected to counter the threat from China. According to sources, Obama has been personally involved at the Pentagon in this matter. Obama
It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily on funding in the wholesale money markets. It appears that a major bank was having difficulty funding its immediate liquidity needs. The cavalry was called in and has
We re reproducing a prior post from ZYX Buy Change Feed on our earlier Bank of America (BAC) trade and its effect on Penson (PNSN). We have received a number of questions on BAC. The answers can be categorized as follows: Those subscribers who have direct access to ECNs