Month: November 2015

Pointer Telocation Awarded $1 Million Contract in Brazil




Black Friday Online Spending Rose 10% y/y to $1.66B


ComScore says that Black Friday desktop spending rose 10% year-over-year to $1.66 billion. Thanksgiving day spending rose +9% year-over-year to $1.10 billion. Spending for November 1st to 27th rose +5% year-over-year to $23.4 billion. ComScore says that while the holiday season opened a little softer than anticipated, Thanksgiving and Black Friday both posted strong online Read More »


Durable Goods Orders Going Sideways


The mainstream financial media is acting as if the 3% gain in Durable Goods Orders released today is somehow like a phoenix rising from the ashes, showing new life to an otherwise dead planet. Hype and politics aside, the Durable Goods Orders report looks like its going sideways to me. It certainly doesn’t show an Read More »

Retail Sales October 2015

Retail Sales Barely Gain 0.1 Percent In October 2015


Retail sales rose just 0.1 percent in October; however, when excluding vehicles and gasoline stations, where sales once again fell on price weakness, core sales rose 0.3 percent. Year over year retail sales are up a respectable +4.1 percent, excluding gasoline stations which is down -20.1 percent and has been badly skewing retail sales all Read More »

Fed Williams Says Not Raising Rates In October Was a Close Call


Federal Reserve Bank of San Francisco President John Williams, who is a moderate, voting member, said that not raising rates in October was a close call. It is rumored that the official 9 to 1 vote to not raise rates, with Jeffrey M. Lacker as the only vote against, is not representative of what went Read More »

Janet Yellen Fed Rate Hike in December 80% Odds


I put the probability of a Federal Reserve rate hike at 80% after the blowout Employment Situation report for October 2015. This will be the first rate hike in almost 10 years. What a massive reversal! Just a month ago, the probability of a Fed rate hike was about 10%. As of the September FOMC Read More »

Employment Situation October 2015

October US Jobs Report Crushes Expectations


Nonfarm payrolls exploded higher to 271,000 in October versus expectations for 190,000. Last month, the September Employment Situation report had been a big bust, with the low headline nonfarm number and significant revision lower to the August nonfarm figure raising real questions about the state of the US economy, not to mention the viability of Read More »

ISM Manufacturing Index Chart October 2015

ISM Manufacturing Barely Above Contraction


The ISM Manufacturing report came in at 50.1 in October. The consensus range was 47.9 to 51.5. This is the third month in a row that the ISM barely came in above 50, a level that markets contraction versus expansion. Anything below 50 indicates contraction, while anything above 50 indicates expansion. This is the lowest Read More »

Carl Icahn Warns of Exodus of Many of Our Best Companies


Carl Icahn comments on the recent news of Pfizer and Allergan merging. Unfortunately, my warnings concerning the fact that there will be a large number of our companies leaving the country within the next year is already coming true. Just this morning, both Pfizer and Allergan confirmed they are in preliminary friendly discussions about merging. Read More »