We had been reserving the SEMI data for private posts when we were scouting for changes to the previous trend, but since we noted the trend change in real time…
If you've followed my occasional SEMI book-to-bill data posts here at NFTRH.com or in NFTRH, you know how much of a geek-like fascination I have with the Semiconductor Equipment sector…
It is important to distinguish the 'back end' from the 'front end' of the economy or else all you end up with hype emanating from the financial sphere every time…
We are not breaking any news here as we did in July with the shocking (well, if you're a geek like me) news about Mori Seiki's machine tool blow out;…
I see analysis out there discussing the Semiconductor sector as a whole as being under valued relative to other stock market sectors. This seems to be based on the fact…
It is no secret that US credit markets have been increasingly stressed lately. Junk bonds are tanking and junk's ratios to the relative quality of Investment Grade and Treasury have…
Here is the latest 'units sold' data for the Machine Tool industry. New equipment sales continue to decline and used equipment kicked up a bit. We are once again at…
Note: This article assumes the reader knows the reasons we are now bearish on the Semiconductor Equipment sector. NFTRH subscribers definitely do and NFTRH.com/Biiwii.com readers should as well. Readers who…
ISM's November report is out and what do you know, we have another contraction. The general trend is that way under the pains of the strong dollar. No surprises. Still,…
We reviewed some preliminary negative economic implications from the fundamental side of the Semiconductor sector in an NFTRH update yesterday. As you may remember, the Semi sector compelled me to…
In the worst kept secret in macro economics US manufacturing continues to be pressured under the weight of a strong currency. The New York Fed's Empire index declined for the…
Following is a combo of an excerpt from the November 8 edition of Notes From the Rabbit Hole (NFTRH 368) and new material... Payrolls +271,000; Is the Game Changing? I…
From FloatingPath comes this overview of where the jobs were and where they were not. The entire wonderful, comprehensive set is available here (PDF). Services, services and more services (retail,…
ISM is out and it was 'meh'. I have highlighted what I think is the most relevant with new orders bouncing and employment declining. Full details of the report here…