Japan’s Nikkei 225 (similar to the Dow Jones in that it is the most oft-quoted stock market barometer) had a monster run prior to its recent 15% correction (down 5% alone last night) but the attached chart indicates that the … Continued
Yesterday, we posted an ugly daily chart on the Dow Jones Utility Average. Today, we look at the “monthly” Utility chart, and note when the Fed raised rates historically, i.e. 1994 and 1999 – 2000. In 1994, the DJ Utility … Continued
Back in the 1990’s I would always hear portfolio managers talk about the correlation between interest rates and the utility averages, and this time is no exception, as the Dow Jones Utility Average has gotten crushed since April 30th, as … Continued
As the above chart indicates, FB remains locked in its recent trading range, after bottoming in the high teens in August, September, 2012. Fundamentally, the biggest issue (despite the headlines) is that FB has ratcheted up expense growth dramatically … Continued
It is Memorial Day weekend. Be sure and thank a veteran (particularly the Korean War and Vietnam vets, who didnt get near the public appreciation that WW II and today’s vets get), and remember Drexel Hamilton’s mission of providing a career … Continued