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Search resuls for: "extrapolating"


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November PPI a bit hotter than expected
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +5 min
Data for October was revised higher to show the PPI gaining 0.3% instead of 0.2% as previously reported. "I don’t believe this changes anything about what the Fed was going to do on Wednesday in terms of raising rates by 50 basis points." The strength of the data was broad based with ex-food, energy, and trade also topping estimates at 0.3% MoM vs. 0.1% MoM anticipated in an acceleration from last month's 0.2% MoM print. If there’s any positive signs it’s the yearly decline.”“Bottom line is inflation is in a down-trend but month-on-month it’s hotter than expected. Then, in March I expect it to be a 25 basis points after which they’ll hold to see how all these rate hikes have played out unless something dramatic happens.
Director of homebuilding research Alan Ratner says a housing market recovery will take years. But Zelman & Associates definitely called this housing market slump. "Every 25 basis point increase in mortgage rates is the equivalent of a 3% increase in home prices," Ratner said. That's partly because a steep drop in prices won't make the housing market heat up again right away. But it will be a gradual process because the housing market has been through a historically unusual period.
That implies that the other 35% of the market is made up of firms with equal to or less than about a 2% market share. For simplicity's sake, let's say an additional 17 firms have a 2% market share each to bring us to 100% of the market. That means the HHI, calculated by the market share number squared and then added together for all 27 companies, would be under 650. If the Microsoft-Activision Blizzard deal goes through, and you combine the market share concentration of the two companies, the HII would be just over 700. The other issue is how one measures the gaming market.
Treasury yields fell sharply and eased their grip on the stock market Thursday, helping fuel the monster rally that broke out after a report of cooler-than-expected inflation data. The rise in yields this year has choked off stock market gains and weighed on technology and growth stocks in particular. In the futures market, traders were betting Thursday that the Fed would raise its fed funds futures rate to 4.88% before stopping next spring. But now there are signs the strong dollar may not be such a drag. ...The strong dollar has been a headwind for earnings, and it will probably become a tail wind.
As earnings season ramps up, one thing that can help investors get a jump on upcoming announcements is readily available: already reported results. What Alphabet tells us about Meta Meta Platforms issues third quarter earnings after the closing bell Wednesday. What GM tells us about Ford Ford (F) issues third quarter earnings after the closing bell Wednesday. What GE, Raytheon tell us about Honeywell Honeywell (HON) reports third quarter results before the opening bell Thursday. Honeywell is again expected to generate $2.9 billion in sales in aerospace in its third quarter, according to FactSet.
Russian forces have struggled to counter Ukraine's use of US-made HIMARS rockets. One Russian defense blog has an explanation: HIMARS has a secret feature that prevents Russian artillery from targeting it. "This greatly distinguishes American systems from conventional MLRS [multiple launch rocket systems], where the projectiles fly along a ballistic trajectory. "Unless the radar happens to be looking in the right place at the right time, it will not detect a HIMARS launch," Cranny-Evans said. While this Avia article appears groundless, Russian defense blogs — which often have links to the Russian government and military — can be quite illuminating.
Even in their first efforts, the GAN images were quickly on par with those made by any other, less intelligent software. You can find the results on the Generated Photos site, where you can filter by ethnicity, age, sex, eye color, and other attributes. Generated Photos' GANs tend to match conventional beauty standards, a product of the models that have been fed to the software. I'm not sure anyone would be surprised to find fake images accompanying testimonials on an Estonian bitcoin exchange or an online CBD seller. Are they real people deploying fake images, or fake people deploying fake images?
A Downturn Could Hit Luxury Cars Too
  + stars: | 2022-10-10 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
Luxury car brands should be better long-term investments than mass-market ones. That doesn’t mean they are recession-proof. Less than two weeks after its initial public offering, Porsche has already overtaken its majority shareholder Volkswagen in terms of market value. The comparison is simplistic, given differences in capital structure, but it does underline, among other things, investors’ preference for expensive vehicles over cheaper ones as the risk of weakening demand becomes harder to ignore. While most auto-maker stocks trade at mid-single-digit multiples, Porsche is now at almost 17 times this year’s earnings, extrapolating from its guidance.
CNN —Christina Ricci will be the first to tell you she doesn’t like her terrifying “Yellowjackets” character Misty Quigley. “I mean, she’s not somebody that I would choose to be friends with,” Ricci tells CNN of her Emmy-nominated role. “I really enjoy playing characters that don’t follow the sort of normal social constraints that we do,” she adds. “And the freedom of playing someone who’s not bound by any sort of morality but her own, that stuff is really fun. “I really love animals,” she says.
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