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£9.60 and $uperb value SP could fall into £8 territory before they give it some support Caterpillar and URI are heavily $hort January turmoil will $erve up some ta$ty prices on decent stocks Oil may go to 20+_$ Have a wild weekend
A-Plant opens Tool hire Express store in Bridgwater/Somerset SP sinking to even better value as URI $lides-general uncertainty on oil/mining/china SP could slide to £9 low USA data: ind production retail sales business inventories consumer sentiment manufacturing survey Fed speak City sentiment so far that Fed will hike once in 2016 Have a wild day
Editorial comment: 71% of construction contractors expect to employ more in 2016 as they are expecting more public and private contracts in 2016 as per a recent trade survey US non farm payroll came in strong at 290000 and relief all round AHT sp looks steady at £10+ Good buy in price though,but in these volatile times even tastier prices could well materialise Have a wild weekend
Private non-residential construction spend stuttered in 4Q 2015 according to recent data in Jan however its up 13.6%YOY Uncertainty as to projects in pipeline and budget constraints in state and local governments. But the transport bill has been passed and close to 500$ Billion will be available and the market will digest that positively Have a wild day
Chinese central bank making foreign investors nervous as to their ability/wisdom! in handling present market turmoil URI down 6% and CAT down 3%,machinery ! stocks However a good metric for AHT sp is where market decides its value in present turmoil and its supported at that level US non-farm is todays big data and if its off by a city mile all hell breaks loose for awhile As one old hand described central bank intervention is that its keeping zombie corporations and zombie production/oil in business Have a wild day
EDitorial comment: China is struggling for a business model and devaluation is exporting deflation/problems not only regionally but also globally Not to mention their already aluminium/steel dumping Some old hands have commented we are returning to something like 2008 General sentiment is that PROC are not being transparent with market But one thing for sure it makes life difficult for future Fed hikes Have a wild day
Editorial comment: Chinese have wasted a lot of money trying to influence markets,the markets will do what they have to do 2.5 TrillioN$$$$$$$$$$$$$$$$$$$$$$$$$$ wiped off already in first week of 2016 AHT will eventually steady at mid£9 or £8high and a very good entry point An Indian economist in 4Q 2015 said if Chinese economy was achieving 2% they were doing good. A bleak month with uncertainty underlined awaits Job figs non-farm on Friday Have a wild!!day
Editorial comment: DOW set for triple digit losses and shaping up for a ugly day USA data: pmi services factory orders adp employment figs international trade eia petroleum data gallup job creation index EU pmi data comes in ++++ Old hand speak from 4Q 2-015 is that market needs another 10% corerection and then a good entry point for the $mart money And at the minute the smart strategy is to wait up the tree in the high heat of the serrengetti and wait for that wilder bea$t and pounce when the tinme is right Have a carefull day Happy and preofitable 2016
Stock market intervention postpone the grim reality and carnage to come excessive valuations capital outflows investors squeezed in their ability to trade high debts Oh lord just one life changing dip,thank you Happy New Year Have a wild day
Federal employment data reveal 190 metro areas out of 358 have expanded their construction activity and finding suitable workers has improved somewhat,however construction organisations press for public spending in programs for career and technical education especially at secondry level to introduce young people to the the potential of high paying construction industry jobs. USA data: jobless claims Chicago pmi Bloomberg consumer comfort index AHT sp nice and steady and could start moving towards £12 again Another volatile time awaits until crude stabilises! Decent dips will again present themselves-patience AHT will continue to grind it's way £orth through 2016 Fed hike bandwagon will continue to entertain!and enrich Best of luck in 2016 to all and DYOR Happy New Year and have a wild day
Fund manager says $anta rally runs from last trading week of 2015 into the first 2 trading days of 2016 ....money flowing hopefully!out of fixed income and into equities for New year and should make for more liquidity ......divergence on both sides of Pond will make for market tension in first half of 2016 Today market looking closely at consumer spend/sentiment So why is consumer not spending as much as was anticipated;paying off debt;health care/insurance,saving some more US data: housing data durable goods eia petroleum data Merry Xma$$$$$$$$$$$$$$$$$$ Have a wild day
RICS this am forecast continued strong construction demand and house prices to rise approx. 6% Po$itive news from China and infrastructure is part of plan and good for the Caterpillars of the world and rental sector share prices UK Tesco: Investors not really impressed and heading for exit,sp @18 yr low and factors such as wages amongst a few will put company under more pressure in 2016 Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$
US construction reflects widespread growth in November USA data: Chicago fed national activity index Hi santa,how about a life changing dip followed by a life changing rally,thanks Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Editorial comment: Construction activity and eqiuipment rental expected to continue strong into medium term.A recent Wells Fargo finance survey revealed a sense of optomism that has prevailed through 2015. Two themes that have played out in 2015 were strong rental demand and equipment acquisition although at a pace that most industry participants would like to see more accelerated than is currently taking place. The recent Highway Funding Bill will have a positive impact for manufacturers,distributors,rental companies and equipment end users .Banks and independent finance companies that rely on this industry to deploy longer term capital will benefit. Positive growth numbers for both residential and non residential construction are good indicators that all is healthy going into 2016,however a note of caution for the slowdown in the energy sector prevails as the rig count is 59% down YOY resulting in equipment being deployed elswhwere has created downward pressure on rental rates and used equipment sales. Rental has benefitted from unpredictable work backlogs and projected business activity levels which in turn have contributed to unwillingness by contractors to commit to equipment purchases. Some end-users whose financial conditions remained weakened by the economic downturn are still relying heavily on rental. Broader OEM (original equipment manufacturer) support for increased rental activity in their dealer networks has also boosted rental . The likelihood of high single digit growth in non-residential construction medium term should be a positive signal for OEM dealer rental distributors as well as general rental houses which have seen dramatic growth in the last few years even with unsteady construction spend. Some dealers believe there has been a more permanent shift to the rental industry USA data : Philadelphia fed outlook current account leading indicators money supply Bloomberg consumer comfort index Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$
Fed hike generally factored in German recent data reflects a $olid end to 2015 ECB 2% inflation target calculates at oil being at $55 !!!!!!!!!!! a barrel and oil is well off that,meaning loads of stimulu$ EU data this am suggests EU going into and optimistic for 2016 AHT steadying around high £10/£11 low and that is a po$itive, USA data: mba mortgage applications housing starts eia petroleum data pmi manufacturing index flash FOMC Fed decision maybe a $anta rally! Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$
Editorial comment: ''millenialas to kick start first phase in housing boom'' ''EU auto sales up for 27th consecutive month'' ''Yellen/Fed an orthodox economist/banker in unorthodox times'' USA data: cpi empire state mnfg survey red book housing market index FOMC begins it's meeting today Merry Xma$$$$$$$$$$$$$$$$$$ Have a wild day
should read: .... is around 37% up....
YOY demand for houses is around 37% and 2016 will also be good with rising prices No interest hike in UK for 2016 Average London cabbie is saving about £2500/3000 on fuel costs-$erious discretionary income Have a wild day
should read : Used equipment auction/ sales record a 0.6% decline....
Used equipment also contriauction/sales record a 0.6% decline but still higher by 4% YOY but now declining for approx. 6 months mainly attributed to fall off in international demand,strong $ also contributing and and an excess of plant from badly hit oil/gas sector. US data: Nil EU data: industrial production UK data: nil Politics/far right le pen SINK in France,and SarkoZzzzzzzy may re-emerge and Jesus Wept All about the Fed this week Have a wild week Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$