Vica Partners 
GOVERNMENT REPORT SERIES U.S. employers added 528,000 jobs in July, the Labor Department said on Friday, an unexpectedly strong gain that shows the labor market is withstanding the economic impact of higher interest rates, at least so far. “There’s a feeling that the labor market is moving back into balance,” Jerome H. Powell, the Fed … Read more
DATA Shares of Coinbase reached $116, +40% in inter-day trading following partnership with BlackRock announcement that will allow its institutional clients to buy bitcoin. Daily Trading Volume: achieved volume 53.7M, average 16.5M Most notably the ticker COIN topped GameStop’s popularity in online forums Thursday on Reddit’s WallStreetBets chat room, topping GameStop’s popularity in the online … Read more
GOVERNMENT REPORT SERIES Initial claims for unemployment insurance totaled 260,000 last week, in line with estimates The four-week moving average of jobless claims number rose 6,000 from the previous week to 254,750, up sharply from the recent low of 170,500 on April 2 and the highest level of the year. Jobless claims had been running … Read more
MARKETS Wall Street lowered its consensus bottom-up EPS estimate by 2.5% from June 30 to July 28. During the past five years – or 20 quarters – the average decline in the bottom-up EPS estimate during the first month of a quarter has been 1.3%. As economic data continues to shows signs of slowing … Read more
FACTS Headline “So what Nancy Pelosi Arrives in Taiwan as China-U.S. Tensions Escalate”. Price Discovery, When Breaking News Comes Indexes React – markets react within 10 seconds and that the major price adjustment occurs within 1 minute of the scheduled news releases. Interest-rate and foreign-exchange markets react faster to public announcements than the equity markets. On … Read more
MARKETS Federal Reserve Chair Jerome Powell said in a statement last week following the U.S. central bank’s decision to bump up interest rates another 75 basis points that the labor market is “moving back into balance” and is only at “the beginning of an adjustment” rather than weakening. Index Savers (AAPL) and Amazon (AMZN) helped … Read more
QUANTITATIVE REPORT SERIES Investors accept lower average returns on stocks with high idiosyncratic skewness and high volatility because they have a preference for stocks with lottery-like return properties. Findings indicate that Investors that overvalue high profile stocks with extreme positive returns suffer negative returns. Data sets indicate that monthly portfolios comprising stocks with high … Read more
GOVERNMENT REPORT SERIES Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, according to the “advance” estimate released by the Bureau of Economic. Real GDP decreased less in the second quarter than in the first quarter, decreasing 0.9 percent after decreasing 1.6 percent. According to … Read more
MARKETS The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on Wednesday in an effort to curb high inflation. Powell said, “Restoring price stability is just something we got to do, and there isn’t an option to fail to do that.” Hw went to say they will not relent … Read more
INDUSTRY REPORT SERIES AAII Sentiment Survey July 21, 2022 Pessimism among individual investors about the short-term direction of the stock market continued to decline, falling to a seven-week low in the latest AAII Sentiment Survey. At the same time, optimism extended its rebound into a second week by rising to a seven-week high. Survey Says … Read more