equities

Two months ago, we got four scenarios for the fiscal cliff via Credit Suisse and Sober Look. All of these scenarios called for at least a 0.9% drag on the economy, meaning that we should fully expect at least a 0.9% drop in annualized GDP…

In March, I wrote you about my concerns about Apple's ability to maintain growth expectations without margin slippage. My view was then and still is today that Apple faces a choice of maintaining either margins or growth in both handsets…

This is a brief note on Apple since it sold 5 million iPhones at the weekend. I have been saying that the upgrade cycle for Apple would be bullish and it has been as we are seeing record sales. This is due mostly to the fact that Apple's…

Here is today's daily note. I have three main topics to highlight in the links: Romney, Apple and QE infinity.   Romney The Pawlenty defection is a big deal. I don't think I have ever seen anything like it. It's a total meltdown for…

Today's links are just on tech. The iPhone 5 is poised to break all records when it comes out. While this is a much-needed boost for Apple given the doubts about its product cycle, the phone is clearly inferior to phones now being released…

If you look just at the specs, the iPhone 5 is no longer the best of breed smartphone. Plenty of other handsets measure up including the Samsung Galaxy S III and the new LG Optimus G. In fact, these phones have superior specs on nearly all…

I was discussing this with a few friends online a couple of weeks ago and now it's all over the news. Earnings have been poor, yet stocks continue to push higher. One argument was that "the key is deleveraging the banking system in an…

A few hours ago I wrote a rather downbeat post on the prospects for the US economy that continued the thoughts from an article I wrote in the New York Times. A number of other sources have confirmed some of the logic behind that post since…

The fact that earnings are declining at US companies should not be a surprise given the decline I reported in earnings on the national income and product accounts for Q1. But now reported earnings are showing year-on-year declines for the…

I do have a lot of links though and here they are. The big issue is the economic slowing in the US and Europe. These articles demonstrate that the global slowdown is spreading beyond the eurozone periphery and is well entrenched in the US…