Mixed cyclicality has led to a rangebound market. There’s no sign that that will change this week. But look out if it does!
While this weekend’s headlines are dominated by who got exposed to and infected by Coronavirus from the President on down I want to make sure other key news items are not lost […]
Eurocoin, a leading growth indicator for the euro area published by CEPR and Banca d’Italia posted another negative (recessionary) reading in September (-0.31) after marking peak growth contraction of COVID19 pandemic period in August (-0.64). Th…
Current reading signals the fastest q/q growth in the sector since 1Q 2011, but the data on the key driver is unreliable.
Whether it’s the recession, Credit issues, COVID consequences more generally, or even the President’s illness – markets have been well-conditioned for “mild case.”
“Doing more of what’s hollowed out our economy and society” is a slippery path to ruin.
30 years ago, on October 3, 1990, the German reunification process was completed and the communist German Democratic Republic (GDR) became part of the Federal Republic of Germany, marking the birth hour of the Germany we know today.Despite the fact tha…
Was there some news?
Survivor’s euphoria, but then what? Reopening momentum, though would that be enough on its own? More of a concern, the uptrend was heavily infused by government intervention. How much was organic, how much wastefully artificial (in the sense of “stimulus”; as economic aid, it was necessary)? So many questions, so much to try and sort […]
The outlook for the most of the rest of October is bullish. But it’s not an endless bull any more.