Any questions? SEMI's April Book-to-Bill... Very much in line with the AMAT quarterly Chirp, SEMI notes 3D NAND as a driver, along with China. The implications, folks, are going to…
Another NFTRH 396 excerpt, not for publication elsewhere. It is a companion to the discussion about the Semiconductor sector and the economy as well as other economic discussion that took…
The following is the opening segment of this week's Notes From the Rabbit Hole, NFTRH 396. The report also covers, in detail, the technical status of US/Global stock markets, precious…
Okay, I'm pooped. No promo. :-( [edit] Well yes, there is a promo. It's from subscriber Joe F: "So fucking good." Subscribe to NFTRH Premium for your 25-35 page weekly…
Referencing one of our main themes for the last half a year, the case for the gold sector is supported by the case for economic deceleration. It is not supported by inflation, as in the recent bounce in inflation expectations as the US dollar declined.
The gold sector often rises with inflation expectations as silver out performs gold and so do commodities. But the gold sector’s fundamentals are fed by counter-cyclical activity and today’s payrolls report was right in line with that. In the ‘pullback’ update on Wednesday we also noted that the ‘gold ratio’ macro indicators remained positive as well…
We noted the NDX/SOX roadmap in a post on Wednesday using weekly charts. SOX daily is doing something not very nice at the open. The Semis are a leader for…
The US is in the midst of one (Bloomberg) It's another piece talking about this "most hated bull market of all time". So many bull wiseguys highlight this while soft…
Today's economic data have moved the needle back a bit toward 'no change' to the Fed's dovish stance. The March Durable Goods figure was .8% vs 2% expected and even…
The Machine Tool industry had a bump at the end of the year, which we set our watches by every December. But it was very moderate. Now as of February,…
Last week when I was not doing my own market positioning or writing subscriber updates, I was bringing Biiwii back to life, so on Friday I skipped the entirety of…
A short wrap up to the employment situation from NFTRH 385... Hourly wages eased and this, along with the quality (or lack thereof) of jobs created has given the bears…
Ref. BLS Employment Situation (+242,000, unemployment @ 4.9%) for February. The theme remains unchanged as the relatively strong dollar continued to pressure people who make things and mine things and…
I actually saw some cheering of the 'not quite as bad as expected' ISM report yesterday. It bounced all the way up to a contraction level of 49.5. Full ISM…
The Federal Reserve states that its goal is to promote employment and economic growth while regulating inflation. As if it is as simple as pulling levers, tweaking a few knobs…