Archives of “Li (surname 李)” tag

rss

German Minister of State for Europe Roth says there will be “no business as usual” between EU & China

  
  Analysis
#  #  #  #  #  #  #  #  #  #  #

Michael Roth, German Minister of State for Europe in an pinion article in German news magazine Der Spiegel

  • will be “no business as usual” between the European Union and China following the assertive political moves on Hong Kong
  • urged fellow EU nations not to “be afraid to lock horns” with Beijing.
    referred to China by its autocratic political structure, casting it as a systemic rival that has “unfortunately” challenged Europe’s “foundation of values”
Via South China Morning Post, link here for more (may be gated).
china Germany

China infrastructure stimulus – 3 times as many pile drivers are sold as are sold in all of US & Europe

  
  Analysis
#  #  #  #  #  #  #  #  #

A piece in the New York Times that makes for an interesting read.

  • The scope of China’s latest building boom is enormous
  • Thirty-seven Chinese cities are in the process of building a total of 150 new subway lines
  • The country’s high-speed rail system, which already connects more than 700 towns and cities, is expanding so fast that it annually buys three times as many pile drivers as the European and American markets combined. 
Here is the link for more (may be gated)
china infrastuctre thumbs

US treasury auctions off $49 billion of 5 year notes at 0.288%

  
  Analysis
#  #  #

WI at auction time was at 0.281%

  • High yield 0.288%
  • Bid to cover 2.32 xvs. six-month average of 2.49x
  • Dealers 29.55%vs. six-month average of 27.2%
  • Directs 12.3% vs. six-month average of 14.7%
  • Indirects 58.1% vs. six-month average of 51.9%
  • Tail 0.7 basis points
The $49 billion of 5 year note auction came in at 0.288%. That was 0.7 basis points above the WI auction level of 0.281%.
The bid to cover was lower than the six-month average. Dealers were saddled with more than the six-month average. Overall the auction is a C-.

Dow and S&P post the 1st negative week in 4 weeks

  
Analysis, US Market
#  #  #  #  #  #

NASDAQ down for the 2nd week in a row

US major indices are ending the session with declines. For the week each of the major indices are also lower. It was the 1st negative week for the Dow and S&P in 4 weeks. For the NASDAQ is on a 2 week losing streak. The NASDAQ led the way to the downside this week with a -1.33% decline.
The final numbers for the day show:
  • S&P index -20.03 points or -0.62% at 3215.63
  • NASDAQ index -98.24 points or -0.94% at 10363.13
  • Dow -182.44 points or -0.68% at 26469.89
For the week, the NASDAQ led the way to the downside:
  • S&P index -0.28%
  • NASDAQ index -1.33%
  • Dow industrial average -0.76%
Year to date, the S&P index turned back negative on the year:
  • S&P index -0.47%
  • NASDAQ index +15.5%
  • Dow industrial average -7.25%
For the last year:
  • S&P index +6.49%
  • NASDAQ index +24.53%
  • Dow -2.93%

Fauci: Some places may want to pause reopening, go back

  
  Analysis
#  #  #  #  #  #  #  #  #

Speaking on Fox News

Dr. Fauci is speaking on Fox news and says:
  • Some places may want to pause reopening, go back
  • He has a good relationship with Trump
  • some southern states need to step back on reopening
  • US shutdown was about 50% in reality, EU is 90%
  • footballs return is more complicated than baseball
  • he supports CDC’s school reopening guidelines
  • task force members are getting the message out
  • vaccine seen widely available by several months into 2021
Yesterday threw out the first pitch in Washington DC before the game between the Washington Nationals and the New York Yankees. He is obviously spending too much time focused on infection control.
  • By the end of this year/beginning of next year we will see if vaccine is safe and effective
  • Vaccine will be widely available several months into 2021

Some positive comments on vaccines from infectious disease expert Dr. Fauci

TSLA (Tesla) earnings released, Q2 EOPS

  
  Analysis
#  #  #  #  #  #  #  #  #  #

Q2 EPS 50c (vs. loss/share $2.310 y/y)

  • Free cash flow $418m, estimate loss $617.9m
  • revenue $6.04bn, estimate $5.40bn
Says delivering half million vehicles in 2020 remains the target
  • Says its Shanghai factory is progressing as planned
  • remains difficult to predict whether there will be further operational interruptions or how global consumer sentiment will evolve in H2 2020
It appears there is some financial engineering involved in generating that positive EPS number, generated a record amount from sales of regulatory credits of 428m USD

US MARKET : S&P on a 4 day winning streak. Dow on a 3 day streak

  
Analysis, US Market
#  #  #  #  #  #  #  #  #

NASDAQ pushes higher and erases declines.

The major indices are closing higher on the day with the Dow industrial average leading the way today with a 0.62% gain. IT is the 3rd day in a row that the Dow has moved higher.
The S&P is on a 4 day winning streak. It closed up 0.58%.
The final numbers for the day are showing:
  • S&P index up 18.76 points or 0.58% at 3276.06
  • NASDAQ index up 25.765 points or 0.24% at 10706.12
  • Dpw up 165.33 points or 0.62% at 27005.73
Microsoft has reported better top line and bottom line numbers after the close. The revenues came in at $38.0 billion vs. estimate of $36.54 billion
The earnings-per-share came in at $1.46 vs. estimate of $1.37.
Microsoft shares are trading down 2.19% in early after close trading at $206.65. Shares closed at $211.75.

A big earnings calendar this week.

  
  Analysis
#  #  #  #  #  #  #  #  #  #

Stocks trading modestly higher in premarket activity

In premarket trading the major indices have turned back to the upside after earlier declines. The gains are limited however.

This week the earnings calendar really heats up after the financials started the process last week. Below is a look at some of the major releases this week:
Monday, July 20
  • IBM
  • Phillips
Tuesday, July 21
  • Coca-Cola
  • Snap
  • United Airlines
  • Lockheed Martin
  • Texas Instruments
Wednesday, July 22
  • Microsoft
  • Tesla
  • Chipotle
  • Whirlpool
  • Biogen
Thursday, July 23
  • Intel
  • American Airlines
  • AT&T
  • Travelers
  • Hershey
Friday, July 24
  • American Express
  • Honeywell
  • Verizon
  • Schlumberger

The Richest Man in Babylon Rules

  
Analysis, Education
#  #  #  #  #  #  #  #  #  #  #

the richest man in babylonThe Richest Man in Babylon is a great little personal finance book set as an ancient fictional tale that explains the ‘The Seven Cures to a Lean Purse’ and ‘The Five Rules of Gold’.

The Seven Cures to a Lean Purse:

  1. Start thy purse to fattening. Pay yourself first. Save money before you pay any bills.
  2. Control thy expenditures. Don’t spend every penny you make or you will be broke no matter how high your income becomes.
  3. Make thy gold multiply. Invest capital in assets that go up in value.
  4. Guard thy treasures from loss. Your number one priority is to keep your investment capital safe from loss.
  5. Make of thy dwelling a profitable investment. Buy a home in the right location as a hedge against inflation and to create equity and ownership over the long term.
  6. Insure a future income. Convert your earned income into assets that can create future case flow.
  7. Increase thy ability to earn. Grow your earning power through education, building skills, gaining experience in a field, or promotions to higher levels of responsibility.

The Five Laws of Gold:

  1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. Save 10% of your income each time you are paid and convert it to investment capital.
  2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. Invest your capital for growth and compounding.
  3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. Find a successful model or system to copy for investing your money.
  4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. Never put money in something you don’t fully understand.
  5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment. This fastest way to go broke is to try to get rich quick.

Coronavirus – Fauci says an antibody could be ready by fall

  
  Analysis
#  #  #  #  #  #  #  #  #  #  #

Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci spoke with (wait for it)  Facebook CEO Mark Zuckerberg in a YouTube event.

Some of Fauci’s remarks (via Bloomberg):
  • COVID-19 is very different from the severity of the 1918 virus
  • Monoclonal antibody drug could be ready for use by fall
  • No signs that face masks could cause harm to people
Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci spoke with (wait for it)  Facebook CEO Mark Zuckerberg in a YouTube event.
A little more on his timing remark …
  • by mid-to-late fall, early winter, we’ll know whether we have candidates that are safe and effective, and I hope and anticipate that we will have one or more.
  • If that’s the case, by the end of this year, beginning of 2021, we may have one or more candidate that is actually safe and effective. That being the case we can start distributing doses widely at that time.
Go to top