The Fed Is Hiking Rates In December And What That Means For Markets
The all important job numbers came out Friday. US employers hired at their strongest clip so far this year and more importantly wage growth ticked up. Non-farm payrolls rose a seasonally adjusted 271,000 in the month of October Average hourly earnings of private-sector workers rose 9 cents to $25.20 This puts hourly earnings up 2.5% […]
IBM: The Poster Child Of Capital Misallocation
IBM has quickly become the poster child of the popular “buybacks-trump-everything” financial engineering phenomenon. This will not end well for its stock price. Big Blue used to lead American innovation, but not anymore. Instead, it now epitomizes everything wrong with the greedy short-term thinking that plagues c-suite ideology.
Facebook Ready to Reach the Moon
Winner take all tech is manifesting itself in the market Facebook is ripping to new highs on a great Q3 earnings report Emphasis on long term growth instead of short term earnings makes Facebook the most loved stock on Wall Street