[expat_panama]

Related story (from Political Calculations 

Dividends: U.S. Economy Back in Contraction in September 2015

 

According the S&P's Monthly Dividend Report (Excel spreadsheet), the U.S. economy is once again experiencing contractionary economic forces.

At 43, September 2015's total reported by Standard and Poor is over double what was recorded by our two primary sources for real time dividend cut announcements, Seeking Alpha's Market Currents (filtered for dividends) and the WSJ's Dividend Declarations, which we use to generate our near-real time cumulative dividend cuts by day of quarter chart, which confirms that the U.S. economy took a turn for the worse in September 2015, but for the third quarter of 2015 overall, only indicates that the U.S. economy experienced recessionary, rather than contractionary, conditions.

Although our near real time sources for announced dividend cuts would appear to have missed half of the firms cutting dividends in September 2015, it does provide a large enough sample to give an indication of the kinds of firms that came under the most distress during September.

• Oil industry-related firms
• Interest rate sensitive firms (such as mortgage REITs)
• Education industry-related firms

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[expat_panama]

Happy 'Friday-the-Thirteenth' on a Tuesday!  Yesterday's stocks saw some weak increases in even weaker trade and likewise for metals.  More of the same today according to futures traders, metals +0.05% and stocks "unchanged".  Treasury Budget gets reported today, and here's some reading for over breakfast:

Does Rush Of Deals Signal The End of the Bull? - Andrew Ross Sorkin, NYT
Weak Sector Stock Rally Says Bear Rally - Wallace Witkowski, MarketWatch
What's Good for ETFs Is Bad for Mutual Funds - William Baldwin, Forbes
A Nobel Prize Win For a Skeptical Optimist - John Cassidy, The New Yorker
There Is No Global Recession w/o the U.S. - David Rosenberg, National Post

[smartyaz]

[citizen]

‘Fed Fatigue’ Has Set In
“The markets are taking a breather from basing every move on the latest rhetoric out of the Federal Reserve regarding the timing of the first interest rate hike in nearly a decade.”
http://www.foxbusiness.com/economy-policy/2015/10/13/fed-fatigue-has-set-in/?intcmp=bigtopmarketfeatures

The Obama regime and FED have messed things up so badly, I don’t know if we will ever get back to markets that move on rational supply/demand/P-ER/dividends/earnings/etc metrics.