The S&P 500 Buyback Index has significantly outperformed S&P500 returns since 2008 but something has changed lately.
Total Non-Financial Debt (NFD) expanded at a 4.4% annual rate during Q3 to a record $51.324 TN. Since the end of 2008, NFD has increased $16.3 TN, or 46%.
Despite gloom on the housing front, declining core inflation and a volatile (and declining) stock market, Fed Gov Lael Brainless still wants to keep raising interest rates.
The Dow is down more than 1,200 points over the last month, and the near 5% collapse threatens to make this the index’s first negative year since the 2008 crash.
The culprit is 2018’s biggest bogeyman: the trade war.
And this chart shows you exactly wh…
The Dow is falling again. This time on the less-than-awesome jobs report.
In this issue of The Institutional Risk Analyst, we feature an important comment by Robert Eisenbeis, PhD., Vice Chairman & Chief Monetary Economist at Cumberland Advisors. Eisenbeis raises an important question
ILLinois, the fiscal Puerto Rico on the Plains, now has the highest (or worst) muni bond spread of the 50 states
As Paris continues to burn after French Prime Minister Macrony tried to raise fuel taxes in an attempt to curb greenhouse gas emissions, the cryptocurrency market continues to see its bubble continue to burst.
When it comes to challenging status quo heuristics, the younger generations usually pave the way. The same applies to the heuristics relating to geopolitical environment. While the older generations of Americans appear to be firmly stuck in the comfort…
Withholding tax collections soared in the second half of November after a very weak start. Is the surge an anomaly, or is it a sign of a final explosive blowoff in the US economy? Maybe it’s both. We’ll need to watch the data in the next few weeks to see how quickly this surge dissipates. They always do.
Over the years that I have been tracking withholding tax collections I have noticed that just as JP Morgan said about stock prices, “tax collections will fluctuate.” There’s a regular cycle of increases and decreases that typically runs 2 to 4 months. The surge that we just had is much larger than normal, but typical time wise. The next pullback is due to start any day now.
Now, you may be wondering what these withholding taxes tell us about Friday’s employment report, coming soon to a TV screen or web browser near you. Unfortunately, there are too many conflicting signals in the data to draw conclusions about the November jobs report.
With apologies to Hall and Oates, it doesn’t really matter any way. You can rely on the Fed’s less money, you can rely on the less Fed’s money.
The post The Way To Profit From Suddenly Soaring Tax Collections Is Not What You Think appeared first on Lee Adler’s Sure Money.