The Good News! US industrial production YoY rose 5.14% in September, the highest growth rate since 2010. The Bad News? Subprime mortgage lending is starting to boom
As expected, Sears has declared bankruptcy! There was a time when Sears sold houses, rifles, electric belts, autos and groovy (Eleri) pants in their catalogs. But alas, those times are gone.
Hedge funds and other large speculators increased their net-short position in gold futures and options in the week ended Oct. 9 to the most in data going back to 2006,
Its the hazy, crazy days of October, thanks to Fed rate hikes and asset bubbles.
Public sector pension funds are out-of-control in numerous states like Illinois. This puts state and local municpal bonds under duress.
This truly Mr. Powell’s Neighborhood.
Trade wars, Fed Rate raising rates. Hurricane Michael. Rising home prices.
Fangs are still being defanged.
And the VIX spiked today.
This is Mr. Powell’s neighborhood. Aka, Gone with the wind, 2018.
When The Fed Comes Marching Home … to normal interest rates. It was inevitable.
Boris the SPDR!
The SPDR S&P Homebuilder ETF is getting hammered with The Fed’s QT (quantitative tightening).
Europe is facing Brexit (Germany), populist uprisings (Italy), perpetual gloom (Greece) and bad cars (France).
One must vanquish fear! Or at least the fear index,