News

US Jobless Claims Total 231,000 Last Week, Falling the Prior Week’s Upwardly Revised 233,000

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GOVERNMENT REPORT SERIES UNEMPLOYMENT INSURANCE WEEKLY CLAIMS Initial jobless claims were down last week, and were marginally lower than Govt forecast; as investors continue to assess the labor market for potential signs of a slowdown. SEASONALLY ADJUSTED DATA In the week ending June 25, the advance figure for seasonally adjusted initial claims was 231,000, a … Read more

Real Gross Domestic Product (GDP) Decreased at an Annual Rate of 1.6% in the First Quarter of 2022

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GOVERNMENT REPORT SERIES Real gross domestic product (GDP) decreased at an annual rate of 1.6 percent in the first quarter of 2022, according to the “third” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2021, real GDP increased 6.9 percent. The “third” estimate of GDP released today is based on more … Read more

CCI Index Drops to Lowest Level Since February 2021 as Expectations Continue to Decline

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GOVERNMENT REPORT SERIES The Conference Board Consumer Confidence Index® decreased in June, following a decline in May. The Index fell to 98.7 (1985=100)—down 4.5 points from 103.2 in May—and now stands at its lowest level since February 2021 (Index, 95.2). “Purchasing intentions for cars, homes, and major appliances held relatively steady—but intentions have cooled since … Read more

Building Blocks of Quantitative Finance, Statements

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Building Blocks of Quantitative Finance Part A

INVESTOR SERIES Proper financial analysis will not only help you understand your company’s financial condition, helping you determine its creditworthiness, profitability and ability to generate wealth, but will also provide you with a more in-depth look at how well it operates internally. Different types of financial analysis Several techniques are commonly used as part of … Read more

+70% Analyst Price Targets are NOT Correct

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FACT Analysts price target is a guess linked to their estimates of future performance. Most statistacal backed studies indicate that their overall accuracy rate is around 30% for price 12-18 month targets. As they tend to make long term projections to derive a target price, with a linear exponential thinking and they focus on fundamentals … Read more

Fast Facts of Algorithmic Trading

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INVESTOR SERIES Algorithmic trading accounts for around 60-73% of the overall US equity trading (source: Wall Street). Benefits of Algorithmic Trading Benefits: Trades are executed at the best possible prices. Trade order placement is instant and accurate (there is a high chance of execution at the desired levels). Trades are timed correctly and instantly to avoid … Read more

5 Takeaways on Inflation from the May CPI Report

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GOVERNMENT REPORT SERIES The only thing that saves us from the bureaucracy is its inefficiency Public bureaucracies are less efficient than private organizations in most all of their activities. This is attributed to the absence of competition and of the profit motive. Now, back on Topic Inflation is still picking up pace The media focuses … Read more