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…
While it seems to take forever for the S&P 500 to choose a plan (correction/bear market or resumed bull) some behind the scenes discussion can be helpful. The market seems…
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…
This economic leading indicator* continues to decelerate. Again, our initial tip off was in July from my former associate's timely email informing that Japan's Mori Seiki was 'blowin' 'em out',…
There have been times when I've missed my old manufacturing days, but decelerating as the sector is, this is not one of them. In this atmosphere price increases are non-existent…
Excerpted from the October 4 edition of Notes From the Rabbit Hole, NFTRH 363. Reference previous articles on this theme, Macrocosm, Microcosm & Microcosm Expanding... Here again is our representation…
We have had a theme that gold will not be favored until confidence wanes in policy making and its ability to control market outcomes. I thought this morning's post-Payrolls reaction…
Today is notable because the economic data continue to decelerate (Durable Goods declined and Caterpillar layoff announcement), the stock market is doing what we expected and the gold sector is…
Semi.org's latest book-to-bill (b2b) data is out, for August. The all-important 'Bookings' data hit a 6 month high (in its 3 mo. average) and if memory serves, this is higher…
From the New York Fed: "The September 2015 Empire State Manufacturing Survey indicates that business activity declined for a second consecutive month for New York manufacturers." Full PDF report here…