Hämmastav ikka see USA turu depressiiv-manikaalne olek.
Nafta on tippudest veidi alla tulnud ja dollar rallinud. Ja nüüd kõik siis tormavad ostma retailereid @ 15x kasumit. LOW ja HD on äkitselt 8% üleval. RTH + 5.3%!
Ja müüakse muidugi kõike commodity-related asja.
Ilmselt samad tüübid, kes commodity asjas tipus rämedalt pikad olid, püüavad nüüd siis muudesse sektoritesse siseneda. Ja saavad muidugi mõnusa trääsa jällegi.
`We are excited about our prospects for the 2008 second half, especially the benefits from the Democratic National Convention which will be held from August 25 to August 28. Our five Denver areas club, two of which are very close to the Colorado Convention Center, where the Democratic National Convention will take place, are ready for the anticipated increase in traffic. In addition, our Schieks Palace Royale club in Minneapolis is preparing for the Republican National Convention that will take place from September 1 to September 4. We are optimistic that both the Democratic and Republican National Conventions will contribute to our overall growth in the 2008 third quarter." :))) see lõik on VCGH tänatest tulemustest
Fed says banks tighten consumer, business lending standards - Bloomberg
Fed says 60% of banks raised standards for business loans and 65% of banks tighten standards on credit card loans. Fed says banks expect tighter credit through 1st-half of 2009.
Ja turud teevad tugeva jõnksu allapoole, kas suudetakse kättevõidetud tasemeid hoida?
Lisaks siia Briefingus avaldatud Moody's-e negatiivse hoiaku USA toiduainetööstuse suhtes:
Moody's says the outlook for the US food industry is negative, based on the view that commodity prices in 2009 are poised to further surpass historical averages, squeezing profit margins and putting cash flow at risk for most companies. "Profit margins will continue to contract as most speculative-grade food companies struggle to pass on rising commodity costs to customers. The rising food-price inflation means another challenging year for meat processors, whose profits are highly sensitive to feed costs, as well as for some weaker packaged-foods companies that lack sufficient pricing power with customers. If commodity prices rise more sharply than expected, these companies could come under significant pressure."
Moodyś-e arvamus toetab LHV Pro ideed K lühikeses positsioonis.
Hetkel paistab, et Fed-i survey andis finantsile väikse tagasilöögi ning müük on päris intensiivseks läinud. Tehnoloogia on samuti tagasi tõmbamas ning energiasektor kosumas.