UN Secretary-General Antonio Guterres released a new report today that draws on UNWTO data to quantify the devastating impact that the coronavirus pandemic has had on global tourism. It warns that up to 120 million tourism jobs are at risk, with the ec…
Yesterday we left with a couple of the intraday cycle projections pointing to around 3440 on the ES fucutures. Well here were are in the wee hourse, and voila! Done!
Will it still be there in 5 hours or so when NY opens? Stay tuned.
It took some doing, and some time, but Mexico has managed to bring its car production back up to more normal levels. For two months, there had been practically zero automaking in one of the biggest auto-producing nations. Getting back near where things left off, however, isn’t exactly a “V” shaped recovery; it’s only halfway.Two […]
The Fed’s balance sheet resumed its growth in August after a bit of a stall in July when dealers paid off Fed repos. That program…
Despite coronavirus case numbers rising again in Japan and South Korea, local stock markets continue to gain. The Korean Kospi index was already 7 percent above Jan 2020 levels, while Japan’s Nikkei had about regained its coronavirus losses. This devel…
Between 1994 and 2017, the surface of the Earth lost a staggering 28 trillion tonnes of ice. The stunning revelation comes from a team of scientists at Leeds and Edinburgh universities as well as the University of London. Their findings were published …
While overall retail sales in the United States have rebounded relatively quickly following an unprecedented dip due to the COVID-19 pandemic, some retail categories are still trailing 2019 sales levels by a significant margin halfway through 2020. Sal…
The correction looks benign so far. The 10-12 month cycle projection has risen despite signs of top formation. I have added a couple of mining…
Is it a breakout or a blowoff top? The 5 day cycle projection is 3435. Hey, they can count.
They may just opt out of the whole insane charade and stop paying the mountains of debt and stop trying to prop up the deranging pretense of middle-class snobbery.Though many blame Donald Trump for dividing the nation, the nation was already disunited….