I just updated the withholding tax data for August, with that data now complete for the month.
It looks weak. I’ll have more in a full report to follow later today. Normally the month end data is out a few days before the BLS (Bureau of Liar Sta…
Federal withholding tax collections declined in August. This was the second consecutive monthly decline after rising sharply and persistently throughout June. Subscribers, click here to…
From rising inflation to food insecurity, we show why energy price shocks have far-reaching effects on the global economy.
Originally posted at Capitalstool From the Department of BTC Leads, this is one shred of hope for the equity bulls that stocks won’t break down…
Originally posted at Capitalstool. As for the yellow relic, I just hope that what’s going on on this chart for the past 2 1/2 years…
Originally posted at Capitalstool Yesterday I called attention to the fact that $57 billion in Treasury coupon paper was settling, and that that should put…
Last week I pointed out that the breakdown of the top of the latest rally in the ES, 24 hour S&P 500 fugutures, resulted in a conventional measured move target of 3900-3910. We are 10 points above that as of 5:30 AM New York time.
They tried…
Falling prices destroy more money than the pittance that liquidation transfers from buyers to sellers at the margin. The losses in margin accounts is far greater than the cash received by sellers. And remember, it’s just a transfer. The buyers of the f…
It was probably the fact that I added more swing trade short picks yesterday.
Meanwhile, I’m going to take the day off today after producing 4 big reports since Friday. And on Saturday I rigged up a temporary hookup for my brand new Bosch Automati…
The final list of double screened output for last week had 9 charts with second or third buy signals on Thursday and Friday. There were…