These are not numbers that are consistent with a robust rebound. In fact, they don’t indicate very much of one at all. IHS Markit’s flash PMI’s for July 2020 instead look way too much like the sentiment indicators in Germany and Japan. Though they are now back near 50, both services and manufacturing, that doesn’t […]
Corporates are reeling from the COVID19 pandemic impacts, yet stocks are severely overpriced by all possible corporate finance metrics. Until, that is, one looks at bonds.Over the 3 months through June 2020, average 10 year U.S. Treasury yield has been…
Sclerotic, hidebound institutions optimized for linear stability and permanent growth are simply not designed to adapt to non-linear change and disruption of permanent growth.Since the first news of pandemic in late January, I’ve been discussing potent…
The signs of hope that a few analysts have noted in recent days are based on questionable data.
Update 10:40 AM ET
Edging closer to failed buy signals here. Could signal a crash if they break 3189.
Fed QE: $8.801B Coupon Purchase 2020-07-24
Trump voters were more likely to be white, older, and college-educated, significantly more hostile to racial equality and perceived themselves to be of higher social class.
After raising the specter of a rebound stall, the idea before limited to Japan and Germany was abruptly given further weight today by US jobless claims numbers. For the first time since the peak at the end of March, the weekly tally of initial filings increased from the prior week. The estimate for the week […]
2:45 PM ET I’d call a low here but indicators are crashing. Here’s what should happen.
Since human wetware remains stuck in OS1.01, we can predict a remarkable reversal.The “Everything Bubble” has been a sight to behold. With central banks providing trillions to the big players and margin debt enabling small punters to leverage up, …