The good news is that the 9-12 month cycle projection no longer points toward 1700. The outlook will remain bullish if certain things happen this week and next.
EasyJet reported it’s final results for the year ending 30 September 2020 today, revealing a massive £1.2 billion loss. This is on the back of a 53 percent drop in revenue. Nevertheless, the airline’s chief executive, Johan Lundgren struck a positive t…
The confidence that there will always be facilities and professionals to care for us is no longer realistic.
In this Part 2 of the report, I cover the remaining interesting and important indicators that comprise the CLI. Each has its own story to tell, but they all lead to the same conclusion. Still bullish, and, unbelievably, one key component says that the stock market is oversold.
I find it difficult to wrap my head around that. But I won’t argue with it. If there’s one thing I’ve learned in 53 years of watching markets virtually every day, it’s not to argue with impartial indicators. They don’t care what I think should happen. They just show what is happening.
Well, doesn’t this look head and shouldery?
API Crude Oil Stock Change in the United States increased to -5.15 BBL/1Million in November 6 from -8.01 BBL/1Million in the previous week. API Crude Oil Stock Change in the United States averaged 0.37 BBL/1Million from 2012 until 2020, reaching an all…
Here is an updated forecast for full year 2020 distribution of wealth 9based on FRED data though 2Q 2020 and stock markets data through November 16):Hint: no, Donald Trump will not finish his tenure in the White House as the worst President for the ‘bo…
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.
Two operations yesterday. Be prepared for what’s coming.
Retail sales suffered a sharp shock from the demand contraction following the first phase of COVID19 pandemic. As of the end of September, based on the preliminary estimates from the U.S. Census Bureau, total volume of retail sales in the U.S. has full…