Federal tax collections plunged in May, withholding taxes in particular. Those worried about a slowing economy now have real data to back them up. In…
Well, poo. Last month I was really loving this stock market, and now it’s being a royal pain in the ass again. This morning, it looked like we’d be ready to have a rocking day, what with the Microsoft news and the Fed heads talking down…
Large companies making billions and billions of dollars in revenue are designed to earn their investors and stakeholders fortunes. Unless—they just don’t? What sounds counterintuitive is not uncommon. The reasons for why large companies that are losing…
Anything above 2.96 on the 10 year should trigger a breakout to the next upleg in yields. The current pattern on the hourly ES 24 hour S&P continuous fuguetures remains bullish but there’s a big butt…
The title pretty much says it all, but to recap: Apple is the most important NASDAQ stock there is; It also happens to be one of the few stocks propping up this still comically-overvalued stock market; It respected its channel for years until just …
This is a bit of a guess on my part, but I think crude is sputtering with its breakout. If it does, I think you’ll see XOP and XLE fall in short order. This entire sector is very, very expensive thanks to years of virtually uninterrupted asce…
When nobody cares that systems have broken down and there is no will or interest in fixing essential systems, there is no happy ending.
Chart
India’s GDP grew by 4.1 percent in the first three months of 2022, slightly truncating annual growth in 2021-22 to 8.7 percent due to Omicron restrictions putting a damper on economic activity in this last quarter of the Indian fiscal year.However, loo…
Charts