Natural gas popped higher yesterday, and everyone was scurrying around saying it was time to buy NG. Zerohedge was particularly enthusiastic. Well, the pop didn’t last. My sinewave continues to hold sway:
When the Covid-19 pandemic arrived in the United States in March 2020, forcing large parts of the economy to shut down practically overnight, millions of Americans lost their jobs in a matter of weeks. Unemployment surged to an unprecedented 23 million…
Let’s face it, the market might be a snooze-fest until Thursday morning, so let’s trot out at old favorite ETF, which is IYR, the real estate fund. This hit a major bottom on October 13th (of course) when it tagged its Fibonacci retrace…
If the Fed succeeding is a “Black Swan,” bring it on.
Charts
A tremendous credit boom took place in 2022 and it may not even be over. The combination of healthy banks, financially strong households, and attractive rates appears to have to led to a surge in bank lending. Banks and credit unions together created $1.5t in cash last year that likely has not yet fully filtered […]
More than half of the sunniest cities in Europe are Spanish, according to a report published by Holidu with data from World Weather Online. As our chart shows, the best destination for catching daylight rays is Alicante, which receives an average of 34…
When the number of Americans quitting their job surged to more than four million in a single month for the first time in April 2021, the “Great Resignation” became the labor market trend that everybody was talking about. Whether it was in search of bet…
Graphic
Despite Fed tightening measures and surging market yields, extraordinary Credit growth was ongoing in the U.S. A historic lending boom (bank and non-bank), along with notable GSE expansions and deficit spending, fueled system Credit growth.