Yes, it looks bullish again. Although last night toward the close in New York when it looked like it would launch it stalled, and it’s still in that same range. So the fuel doesn’t seem to be there for follow through. Let’s see what happens this morning. A failure to get through 3212 on the ES would give the bears the ball.
For now, the indicators say a move up is likely with targets of 3220-3230. Not a big deal.
Going into the COVID19 pandemic, the U.S. households cost of servicing debt and other financial obligations has been trending at historical lows. The data we have is through 1Q 2020. In April, personal disposable income rose 13.1 percent, before fallin…
My apartment was at the port. Door to door to the airport in 26 minutes. There’s a unit for rent I think either right next door to my unit or on the floor above. Great building with a small supermarket, pharmacy, produce shop, and about 5 cafe/restaura…
I see dead people.
Surprise, surprise, when we go behind the headlines and look at what actually happened, retail sales went gangbusters. Sort of.
I just had to update the Trumpassery of Coronavirus chart with the latest leadership pearl…The Commander in Beans…
New data for the week prior on continued and new unemployment claims continues to support a view of a relatively slow and slowing-down recovery in the U.S. labour markets.Continued unemployment claims:Continued unemployment claims in the week of July 4…
Term and Type: 19-Year 10-Month Bond
Reopening: Yes
Offering Amount: 17 Billion
Announcement Date: 07/16/2020
Auction Date: 07/22/2020
Issue Date: 07/31/2020
Fed QE: $1.199B TIPS Purchase 2020-07-16
It does sound impressive, maybe even encouraging. After two months of being shut down, industry in the US rebounded in June 2020 by the most in 60 years, and not one month during those intervening six decades was ever close. You have to go all the way back to December 1959 not just to find […]
