Big US Stocks’ Q1’19 Fundamentals Adam Hamilton May 10, 2019 3653 Words The US stock markets sure feel inflectiony, at a major juncture. After achieving new all-time record highs, sentiment was euphoric heading into this week. But those latest heights could be a massive triple top that formed over 15 months. Then heavy selling erupted in recent days as the US-China trade war suddenly went hostile. The big US stocks’ just-reported Q1’19 fundamentals will help determine where markets go next. 米国株式市場は転換点を迎えたように感じる、大きな岐路だ。記録的新高値を迎えた後、今週に向けてeuphoricな心理が優勢だった。しかし直近の高値は15か月をかけた大きなトリプルトップかもしれない。その後ここ数日大きな売りが起きた、米中貿易戦争が急に敵対的になったためだ。大型米国銘柄が開示した2019Q1ファンダメンタルズで市場の今後の行方を判断できるだろう。 Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data avail
The Message From The Jobs Report – The Economy Is Slowing Written by Lance Roberts | Apr, 8, 2019 Last week, the Bureau of Labor Statistics (BLS) published the March monthly “employment report” which showed an increase in employment of 196,000 jobs. As Mike Shedlock noted on Friday: 先週、BLSが3月の月例「雇用統計」を発表した、雇用が196,000増えたという。Mike Shedlockは金曜にこう書いた: “The change in total non-farm payroll employment for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. With these revisions, employment gains in January and February combined were 14,000 more than previously reported. After revisions, job gains have averaged 180,000 per month over the last 3 months. 「1月全非農業雇用は+311,000から+312,000に改定された、2月のデータは+20,000から+33,000に改定された。これらの改定で1月と2月を合算した雇用増は以前の報告よりも14,000多くなった。改定後でみると、雇用増は直近三ヶ月で平均180,000/月となる。 BLS Jobs Statistics at a Glance BLS 雇用統計概観 Nonfarm Payroll : +196,000 – Establishment Survey Emp
Global Warming Fraud Exposed In Pictures by Tyler Durden Tue, 10/01/2019 - 12:25 Authored by Mike Shedlock via MishTalk, Climate change alarmists have convinced the public something must be done now. The reports are easily debunked as fraud ... 気候変動主張者たちは今行動を実行せねばと確信している。その手の報告書はでたらめだということが簡単に解る・・・・ My Gift To Climate Alarmists 気候変動活動家への贈り物 Tony Heller does an amazing job of showing how the fraud takes place in his video entitled My Gift To Climate Alarmists. Tony Heller は素晴らしい仕事をした、このビデオを見ると彼らの主張が如何にでたらめかということがよく分かる、そのタイトルは My Gift To Climate Alarmists。 The video is only 12.51 minutes long. このビデオはわずか12.51分しかない。(訳注:画像・動画がいっぱいで英語がわからなくても理解できる) Cherry Picking 例を上げると Heatwaves increasing since 1960 熱波発生は1960年以降増えているという Arctic ice declining since 1979 北極海氷は1979年以来減っているという Wildfires increasing sinc
The Profit Party Is Over: Q1 Earnings Growth Crashes, Set For Biggest Drop In 3 Years by Tyler Durden Sun, 02/03/2019 - 17:00 After last week's earnings deluge, 46% of the companies in the S&P 500 have now reported actual results for Q4 2018. And according to Factset data , so far earnings season is mediocre at best with the percentage of companies reporting EPS above estimates (70%) below the 5-year average. Companies are also reporting earnings that are 3.5% above the estimates, which is also below the 5-year average. The silver lining is that in terms of revenues, the percentage of companies reporting actual revenues above estimates (62%) is above the 5-year average, and on aggregate, companies are reporting revenues that are 0.8% above the estimates, which is also above the 5-year average. 先週は収益開示が最も多く、S&P500構成銘
This Week Is Peak "Buyback Blackout" Window, And Then Comes The Avalanche by Tyler Durden Sun, 01/27/2019 - 10:29 The coming week will not only be the heaviest in terms of number of S&P500 companies reporting Q4 earnings, it will also see the peak of the current buyback blackout window. As JPMorgan shows in the chart below, in the week of Jan 29, roughly 60% of all companies will be prohibited from repurchasing their stock, a potential downside risk as should a negative catalyst emerge - say US-China Trade talks fail to impress - there will be far fewer companies able to provide a natural shock absorber to a rapid drop. 来週には、S&P500銘柄のQ4決算開示が続くだけでなく、現在の自社株買いブラックアウトウインドウがピークに達するだろう。JPMorganが下のチャートに示すが、1月29日の週に全銘柄の60%が自社株買いを禁じられる、これは何かマイナス要因が生じるときの潜在的な下落リスクとなるーーたとえば米中貿易協議が失敗に終わるというようなーー急落時の緩衝行動を取れる企業が少なくなるだろう。 That's