Backlogs of work expanded at the fastest rate in 17 years. Demand outstripping supply also led to increased price inflation
Withholding tax revenues rose sharply again in May (chart in subscriber version). Non withheld taxes also rose sharply. The economy is growing faster than the…
Chamber of Commerce data and comments corroborate myriad anecdotes of an increasingly unbalanced and overheated economy suffering from bottlenecks, supply chain issues and shortages (including labor). But here’s what the Fed is really afraid of.
The higher they push phantom “assets” based on exponential increases in leverage, the greater the air gap between essential tangibles and fantasy.
Bears won the screens yesterday, bigtime. There were just 9 swing trade buy signals versus 52 sell signals, a spread of -43. The bears also won Wednesday, with 27 sells vs 21 buys. It’s not thrust level yet, but bears seem to be coming out of hibernation. Herein are a dozen interesting charts from the screen results.
This morning, it looks like the market wants to build a second right shoulder on the ES fucutures in symmetry with the left side of the current head and shoulders structure. Any rollover below 4213 would favor the bears. By the same token, it would be …
After the wholesale price of food initially slumped during the coronavirus pandemic, the global FAO Food Price Index has shown a steep increase since the fall. Most recently, food around the world was more than 27 percent pricier than the 2014-2016 ave…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Stock prices are currently right in the middle of the channel surrounding the liquidity line in the Compositite Liquidity Chart (viewable in subscriber version). By…
Data shows that 16,000 Chinese and 7,000 Indian high net worth individuals moved out of their respective countries in 2019. The study by AfrAsia Bank covered only individuals with a net worth of $1 million to $9.9 million, who took up residency in a ne…