Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today.

The Daily Data Dive: Here’s How Bad US New Home Sales Are

New Homes Sales Not Keeping Pace With New Jobs - Click to enlarge

The Census Bureau’s monthly update on new US home sales for May had lots of interesting data buried between the lines. I’ll touch on a few things here, with more to come in a subsequent post. First, while prices rose only 1% year over year, they are now up nearly 31% since the 2011 lows…

The Daily Data Dive: How Industrial Production Exposes the Manipulation and Misrepresentation In Other Government Data

Industrial Production, Energy, Non Energy - Click to enlarge

If the US economy is growing, then why are industrial production and electric power generation both on downward paths? The Fed’s Industrial Production Indexes are always interesting because they measure units of production. There’s no price inflation in the data, therefore no need to adjust for it using the government’s questionable inflation data. The Industrial Production…

The Magic Hand Appeared As Market Reached The Outer Limits – Here’s What It Means

The market appeared ready to fall apart early last week as it plunged through multiple trendlines in the lower half of the intermediate uptrend channel. Then it looked even worse when it broke through that channel early on Thursday. But the magic hand appeared on Fed Policy Resubstantiation Rally Day, and it was enough to…