4G/LTE Smartphone users Are 10 Times More Extreme in Their Data Usage

| January 26, 2014

The tide of mobile data use continues to rise . . . fast. A recent post by the Yankee Group had this to say . . . “A new study from JDS Uniphase’s Arieso unit finds that 4G/LTE’s fatter pipes are resulting in fatter usage patterns as well, and that just 0.1 percent of 4G/LTE […]




2014 earnings are estimated to rise faster than 2012 and 2013. Estimates for “as reported” earnings for 2014 have been raised 13% this month – this is good.

| January 20, 2014

We are moving into the heart of the 4Q 2013 earnings season and hence there will be a great deal of focus on whether companies beat estimates and raised guidance.  So far, the collective estimates for S&P 500 earnings have been raised 13% just since year end.  Operating earnings are presently estimated to rise 13% […]




A New Year brings new forecasts – here is a chart of the continuing massive growth in smartphone and tablet shipments – 1.3 billion smartphones and 314 million tablets in 2014 . . . WOW!

| January 18, 2014

The smartphones shipped in 2014 will be nearly 2X the number shipped in 2012.  There will be 2.4X more tablets shipped in 2014 than in 2012.  Those are HUGE numbers.  BI Intelligence has again provided an informative chart projecting smartphone and tablet shipments out to 2018.  We don’t need to tell you that the implications […]




Mobile Video is booming, regular TV – not so much. 2014 will see increasing shift in investment and ad dollars to address the young demographic who dominates everything mobile.

| January 18, 2014

“The audience for video on a mobile phone is growing three times faster than that for time-shifted TV” says BI Intelligence in a recent report.  They used the following numbers from Nielsen: In the third quarter of 2013, the audience for video on mobile phone grew 38% over the same quarter in 2012. The U.S. […]




The Yield Curve is steepening and this is GOOD! It’s a signal for strengthening markets.

| January 13, 2014

I have refreshed some of my macro charts and am pleased to report that the yield curve as defined by the spread between the 10 yr Treasury rate and the Fed Funds rate has widened significantly.  As can be seen in the following chart – a rising yield curve has been a good signal for […]




The “January Effect” seems to have statistical merit. Up Januarys have tended to lead up years. Down Januarys are not conclusively bearish

| January 13, 2014

Yardeni Research published a nifty scatterplot of the performance of the S&P 500 during each January and its full year from 1947 through 2013.  Over the past 67 years covered by the analysis, January and its full year have been up 55% of the time. During only four years (1966, 1994, 2001, and 2011) were […]




More new orders = more employment = rising market

| January 12, 2014

The first chart shows the ISM Manufacturing index for new orders vs. the survey’s index for employment.  These have shown an encouraging pick up. The second chart shows how the S&P 500 has correlated to growth in nondefense factory orders (courtesy of Scott Grannis at Calafia Beach Pundit). Jeb B. Terry, SR.  Jan. 12, 2014 […]




The private sector employment numbers are showing strength.

| January 12, 2014

There was understandable surprise and consternation over the much lower than expected December employment growth.  The monthly addition of only 74k new employees is dramatically off trend and may be materially revised in coming months.  I prefer to keep focused on the numbers reported by ADP, the big payroll processing company.  ADP has hands on knowledge […]




Consumer confidence isn’t signaling a top

| January 12, 2014

Sluggish employment and persistent fears of Obamacare may be to blame. Plenty of caution in the public’s sentiment.  This is not typical of a time when there is a peak in the economy or a major top in the stock market.   Jeb B. Terry, SR.  Jan. 11, 2014 Aberdeen Investment Management – a guide service […]




Tablets are rocking the world of hands on computing.

| January 12, 2014

While it is no surprise to our friends and clients that we believe that tablet computers (e.g. iPads) are disrupting the personal computing world. The growth in tablets is the fastest of any electronic device on record, even faster than smartphones.  The chart below shows how tablets – both iPads and Androids – are taking […]