With the doj. Germany closed for holiday, uk pmi was strong, brent may close above 50 for the First Time Since august. Road map begins with the first day of the last quarter, q3 in the books. Looking ahead to what y can expect from the usually positive 4q. A bombshell report about Donald Trumps taxes over the weekend shows he could have avoided paying up for two decades. Weve got all the details. And that Deutsche Bank saga that rocked Global Markets far from over. Were going live to the companys headquarters in frankfurt for the latest. First up though, history shows q4 is usually the best performing quarter for stocks. Will that trend continue this year . Fridays rally capped an upbeat q3. Tech sector post d its best quarter since 2013. S p with a 3 gain, dow up 2 . A lot of talk about seasonality, what the end of the year brings. I was surprised west texas usually down in q4. So a lot of questions in this one of course with even more question marks than usual. More than usual not ju
They were disappointing but not so disappointing as to panic us into selling. I am talking about the earnings reports weve been getting every day that would normally produce a cascade of sales but is producing the opposite this time around. And thats been the theme of this entire earnings season when it comes to the industrials, the banks, and oil stocks, a huge part of the market. That explains a lot of the moves weve been seeing today. Where is this counterintuitive pattern most evident . The Big International companies. The ones that make the heavy equipment and capital goods. Lets talk about a storied industrial, Emerson Electric. It reported one of the most sad sack numbers i can ever recall from what is a Great American powerhouse. Sales down 9 . Earnings share off 15 . Took my breath away. That wasnt enough. The ceo, a bankable fellow, took away any hope for the future of emerson stock when he said, we expect difficult markets to continue through at least the first half of fisca
A cascade of sales but is producing the opposite this time around. And thats been the theme of this entire earnings season when it comes to the industrials, the banks, and oil stocks, a huge part of the market. That explains a lot of the moves weve been seeing today. Where is this counterintuitive pattern most evident . The Big International companies. The ones that make the heavy equipment and capital goods. Lets talk about a storied industrial, Emerson Electric. It reported one of the most sad sack numbers i can ever recall from what is a Great American powerhouse. Sales down 9 . Earnings share off 15 . Took my breath away. That wasnt enough. The ceo, a bankable fellow, took away any hope for the future of emerson stock when he said, we expect difficult markets to continue through at least the first half of fiscal 2015. I mean, are you kidding me . Thats awful. Devastating. But apparently not so awful to attract sellers or buyers either. Because Emerson Electric rallied a buck 29 tod
Around. And thats been the theme of this entire earnings season when it comes to the industrials, the banks, and oil stocks, a huge part of the market. That explains a lot of the moves weve been seeing today. Where is this counterintuitive pattern most evident . The Big International companies. The ones that make the heavy equipment and capital goods. Lets talk about a storied industrial, Emerson Electric. It reported one of the most sad sack numbers i can ever recall from what is a Great American powerhouse. Sales down 9 . Earnings share off 15 . Took my breath away. That wasnt enough. The ceo, a bankable fellow, took away any hope for the future of emerson stock when he said, we expect difficult markets to continue through at least the i mean, are you kidding me . Thats awful. Devastating. But apparently not so awful to attract sellers or buyers either. Because Emerson Electric rallied a buck 29 today. You might think thats insane. You have to understand the big institutional Money M
For example, if we have a Truck Company that needs training on how to drive trucks, it is it makes more sense if theyre driving trucks that they can also, for example, haul goods and water or whatever to benefit perhaps a relief effort than to just take their empty trucks and drive around in circles on a military base and benefit nobody but themselves, so, a lot of assistance is provided as an incident to training or operations. And the distinction there is that it has to be a training operation. The primary purpose is training and the incidental purpose is the assistance. Even though to the recipients of that assistance that may be everything in the world to them. But, again, for lawyers, you know, you have to carefully make sure that its captioned in the right terms because otherwise you run into fiscal issues when youre using training money for nontraining purposes and finally have state active duty. And thats per state law. And state law is a little different. Normally speaking the