They Will Indeed Continue Their Rate Hike Campaign

Posted by Capital Trading Group on Nov 5, 2018 8:55:11 AM

We have a lot to get into and we will start this note off with this week’s big news, which was delivered by Apple. Here are the numbers as reported:

 

  • Q4 EPS: 2.91BN, beating Exp. $2.78
  • Revenue: $62.9BN, beating Exp. $61.44 billion
  • iPhone sales: 46.9 million, missing Exp. 48.4 million
  • iPad sales: 9.8 million, missing Exp. 10.5 million, and down from 10.3 million a year ago
  • Mac sales: 5.3 million, beating Exp. 4.9 million, and down from 5.4 million a year ago
  • iPhone ASP: $793, up from $618, smashing Exp. $729
  • Guidance for holiday quarter revenue: $89-$93billion, with the midline below Wall Street estimates of $92.74 billion (Zerohedge)

 

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Turkish Lira Plunge Signals Warning Signs?

Posted by Capital Trading Group on Aug 15, 2018 1:40:33 PM

 

What an interesting week, to say the least, from Elon opening his mouth too wide and Uber/Lyft fighting NYC on new ride share app regulations. All in all, last week presented us with a chance to look at a NYC taxi medallion chart, who wudda ever thought? Anyway, regulations were signed into law last week by NYC mayor De Blasio, limiting the amount of ride sharing app licenses, as well as requiring a minimum pay for its drivers of $17.22 an hour. 

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China Tries To Fight Tariffs

Posted by Capital Trading Group on Jul 24, 2018 10:39:51 AM

 

As we talked a few letters back about the prospect for protectionism and tariffs turning into currency wars, which then have a tendency to turn into hot wars, it is largely apparent this week things have certainly escalated. The PBOC has decided to fight Trump and his tariffs with a little bit of devaluation. Now we know the PBOC doesn’t have much leeway in this arena as they will risk two very important things,

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