Caterpillar reached an all time high 12 months ago. Yesterday, the stock collapsed 9% after bad earnings and outlook. Over the last 12 months, the stock is down 24%. To make any trader happy, let’s do a bit of backtrading or some “I told you so” from BBC or Bloomberg…: First thing first, ISM from […]
Archives for January 2019
Europe… the trend is not my friend.
The ISM across Europe peaked in January-February 2018. Since then Europe is facing an abrupt slowdown of its activity. Germany is leading the pack and the latest numbers are adding to the bleak picture. Recession is here and spreading. The German PMI went below 50 in January. And comments are not particularly optimistic: “The survey’s […]
Brexit and Idea Generation
With Brexit looming, the U.K. is facing a very busy start of the year and 2019 overall. Next week, Theresa May will try to get the backing for a deal agreed with the E.U. To make it short (if that is possible): – If the vote goes through, then it will be pass into law […]
ISM following?
With many leading indicators showing global slowdown recently, all eyes are now on the next U.S. Economic data. So far, the U.S. ISM Manufacturing has been holding very well, at historical high levels. Nonetheless, surveys of business conditions from regional Fed recorded big drop in December. Looking at the historical correlations between those regional Fed […]