Tortoise vs. Hare, Avionic Version (BA,NOC,HYG,BIDU,QQQ)

Tortoise vs. Hare, Avionic Version (BA,NOC,HYG,BIDU,QQQ)   Where in the world will it end?   General Jenny Tull, the first female, four-star officer in the U.S. armed services, yesterday announced procurements totaling $82 million for the purpose of ‘gender nullification initiatives’ and ‘tactical androgen support ops’. Although our efforts to contact the General’s office have yet to meet with a reply, our curiosity as to what those two items would look like in some of the Mrs.’ choicest lingerie have set our hearts absolutely a’flutter!   And further, we ask: is there a chance that Jenny Tull’s own tacticals have ever been manacled? Her cuticles ridiculed?  Or her clavicles or mandibles manhandled?   Haha!   Moreover, what, pray tell, turned the general into such an irascible Hannibal, so fanatically concerned with the exclusively bacchanal?   Call us puritanical, but when the goal of armies turns from killing the enemy into a vehicle for social engineering, all hope of victory is lost.   The Death of War   Thankfully, there are still those who believe that wars have to be won, and most of them walk the corridors of the corporate weapons industry.   We’ll return in a moment to discuss…

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New home sales inch higher, Consumer spending up and Boeing (BA) may fix required fix for Dreamliner

Markets wavered on Wednesday after new home sales were up for the third month in row in October. The Commerce Department reported that sales rose 0.7% to a seasonally adjusted annual rate of 458,000. There was a large downward revision of September’s data, however. The month was previously reported to show 467,000 units but was revised lower to show 455,000 units. October’s data missed analysts’ expectations of 472,000. New home sales count for nearly 8% of the overall housing market. When compared with this time last year, sales are up 1.8%. The average price of homes this month skyrocketed up 15.4% over this time last year to a record $305,000. Lawrence Yun, the National Association of Realtors chief economist, said, “In addition to low interest rates, buyers entering the market this autumn are being lured by the increase in homes for sale and less competition from investors paying in cash. Demand is holding steady but would be more robust if it weren’t for lagging wage growth and tight credit conditions that continue to hamper those individuals looking for relief from rising rents.” A separate report showed that consumer spending was up slightly in October. The Commerce Department announced that spending…

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U.S. Mortgages on the rise last week, Consumer Prices up and Boeing (BA) beat expectations

There was a rise in applications for U.S. mortgages last week. The Mortgage Bankers Association announced that their index for mortgage activity was up 11.6%. This accounts for both refinancing and new home purchases. The gain was partially attributed to a drop in interest rates last week. There was a jump in refinancing applications of 23.3% and a drop in requests for new home loans of 4.8%. Mike Fratantoni, MBA’s chief economist, said, “Mortgage rates have fallen close to 30 basis points over the last four weeks. Refinance application volume reached the highest level since November 2013 as a result, and the average loan balance for refinance applications increased to $306,400, the highest level in the survey’s history.” A separate report released this morning showed there was a rise in U.S. consumer prices. The Labor Department said the their Consumer Price Index crept up a mere 0.1% in September, beating out analysts projections of a flat reading. This was partially attributed to a rise in food and shelter prices. The index fell 0.2% the previous moth. Over the past year, the CPI has gained 1.7%. Robert Hughes, a senior research advisor at the American Institute for Economic Research, said, “The…

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Dow Chemical Company (DOW) shares on the rise, Pepsico (PEP) announces a strong quarter and Boeing (BA) reports rise in aircraft deliveries

Markets wavered on Wednesday, as shares of The Dow Chemical Company (DOW) were on the rise after they outperformed expectations. Dow posted profits that beat out analysts’ expectations due to higher prices and a strong control on costs. The company posted profits of $882 million, or 73 cents per share. Estimates for the quarter came in at 72 cents per share. Despite the seemingly positive results, they still took a drastic fall of 62% from this time last year when the company reported profits of $2.34 billion, or $1.87 per share. Revenue came in 2.3% higher at $14.92 million. This also surpassed analysts’ expectations of $14.82 billion. A senior analyst at Key Private Bank, Stephen Hoedt, said, “It was a solid quarter all around and I think it caught some people by surprise because of the leverage they saw to commodity prices.” The company is known for making all types of products from insecticides to plastics. They also noted that sales were up across all fronts of their six businesses. Shares of Pepsico, Inc. (PEP) were trading up over 2.9% after the company announced that they would be raising their profit forecast for the year and posted a strong quarter….

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