Sausalito, CA — June 5, 2013 — TrimTabs Investment Research estimates that the U.S. economy added 135,000 jobs in May, up from 67,000 jobs in April.
“Employment growth is stuck in low gear,” said David Santschi, Chief Executive Officer of TrimTabs. “The economy has added an average of 121,000 jobs per month this year, which by itself is not enough to reduce unemployment.” Read More
Hedge Fund Industry Underperforms S&P 500 by 71 Basis Points in February
New York, NY — April 9, 2013 — BarclayHedge and TrimTabs Investment Research reported today that hedge funds took in a net $11.4 billion (0.6% of assets) in February, building on an inflow of $4.3 billion in January. The results are based on data from 3,434 funds. Read More
Employment Growth Early This Year Not Strong Enough to Reduce Unemployment Rate
Sausalito, CA — April 3, 2013 — TrimTabs Investment Research estimates that the U.S. economy added 156,000 jobs in March, up from 100,000 jobs in February.
“Employment growth has been significantly weaker than the Bureau of Labor Statistics is estimating,” said David Santschi, Chief Executive Officer of TrimTabs. Read More
Hedge Fund Industry Underperforms S&P 500 by 253 Basis Points in January
Hedge Fund Managers Less Bullish in February than in January
New York, NY — March 12, 2013 — BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in $4.3 billion in January, compared with outflows of$20.7 billion in December. The results are based on data from 3,459 funds. Read More
Tax Deposits Indicate Last Month’s Employment Growth Slowest since June 2012
Sausalito, CA — March 6, 2013 — TrimTabs Investment Research estimates that the U.S. economy added 100,000 jobs in February, down from 135,000-155,000 jobs in January.
“Employment growth has gotten off to a slow start this year,” said David Santschi, Chief Executive Officer of TrimTabs. “Real-time tax data indicates that employment growth last month was the slowest since June 2012.” Read More
Extreme Enthusiasm for Offshore Stocks Should Worry Bulls
Sausalito, CA — March 4, 2013 — TrimTabs Investment Research reported today that $55.1 billion poured into global equity mutual funds and exchange-traded funds in January and February, the biggest two-month inflow on record.
“Inflows into foreign stock funds have been so heavy this year that bulls should be concerned,” said David Santschi, Chief Executive Officer of TrimTabs. “Big inflows from fund investors often occur near market tops.” Read More
New York, NY — February 12, 2013 — BarclayHedge and TrimTabs Investment Research reported today that hedge fund investors redeemed a net $14.2 billion in 2012, reversing a $50.7 billion inflow to the industry in 2011. The results are based on data from 3,492 funds.
Hedge fund redemptions hit a 44-month high of $20.7 billion in December, according to the latest monthly TrimTabs/BarclayHedge Hedge Fund Flow Report, which noted that the industry earned 8.5% in 2012, far below the S&P 500’s 13.4% increase for the year. Read More
We estimate based on real-time income tax withholdings that the U.S. economy added 135,000 to 155,000 jobs in January, down slightly from 145,000 to 165,000 jobs in December.
For the second consecutive month, we are citing a range rather than a single figure because the impact of year-end bonuses makes it much tougher than usual to estimate employment change. Many employers shifted bonuses that normally would be paid in January and February into December due to tax increases that took effect on January 1. According to our favorite official Washington economist, some of the withholdings on bonuses paid out by December 31 were transmitted to the Treasury as late as the middle of January, so year-over-year comparisons in January are as skewed as they were in December. We adjusted the raw withholdings data to account for a significant degree of bonus shifting. Read More