Economic and and financial news and analysis
What a difference a month makes. The euphoria clearly fading even as the positive numbers grow bigger still. The era of gigantic pluses is only reaching its prime, which might seem a touch pessimistic given the context. In terms of employment and the labor market, reaction to the Current Employment Situation (CES) report seems to […]
A quick update of key charts for USA vs EU27 comparatives for COVID19:First up: deaths per 1 million. U.S. continues to tear away from the EU27 already unenviable record:The basket case of American ‘public health’ system is shining across the board: in…
The elites dancing through the minefield all have plans, but how many are prepared for the punch in the mouth?Open any newspaper from the past 100 years and you will soon find a newsworthy geopolitical hotspot or conflict. Geopolitical conflict is…
Some updates from the US Labour Markets to our America’s Scariest Charts series today.First, headline official Non-Farm Payrolls data for the month of June 2020 is out today. Here is the visual:Total Non-Farm Payrolls dropped during the COVID19 pandemi…
FEEDThe only ETF I am short now is symbol EFA with a stop at 62.62; here is the recent price action, with some detail showing the trendline break and price gap: As a side note, the SPY has managed to (barely!) stay beneath its important island price ga…
FEEDIt has been a fairly decent week for gold, although it can’t seem to really get firmly launched above $1800 and stay there. All the same, miners are looking quite good, particularly junior miners; here is GDXJ: Premium members have access to …
Updating charts for data through today’s ECDC release:Global cases (above) are at an all-time high, global deaths are trending up (below).Rates of growth, smoothed, confirm the above:
5 day cycle projection now 3135-45, up slightly from yesterday. Indicatorsa are in trending mode after a failed sell signal overnight in Asia.
Dicsucs
The Metals & Mining ETF tends to slog and churn slowly, but it does so in broad, sweeping cycles.
Despite improving PMIs in all BRIC economies through June 2020, quarterly readings remains deeply recessionary
