If the Sunday night selloff sticks through the day on Monday, it may just mean something. Here’s what to look for.
What was “possible” yesterday is now a low-cost proven capability, and the consequences are far from predictable.Predictably, the mainstream media is serving up heaping portions of reassurances that the drone attacks on Saudi oil facilities are no big …
This week’s renewed move above 3,000 on $SPX prompted victory laps by bulls as the multiple expansion program inspired by central bank intervention and trade optimism once again dominated the market action. […]
Trade between Asia and Europe has dimmed considerably. We know that from the fact Germany and China are the two countries out of the majors struggling the most right now. As a consequence of the slowing, shipping companies have had to make adjustments to their fleet schedules over and above normal seasonal variances. It was […]
According to the Census Bureau, auto sales in the US may be on the upswing. Rising 6.8% year-over-year in August, it was the highest rate in nearly three years for retail sales of automobiles. This follows an upward revised 6.3% increase during July, the best back-to-back months in the beleaguered sector since the end of […]
The trend is your friend, and the Fed has gone soft. And traders know it. But there may be trouble in Primary Dealer Bond Land.
If Mario Draghi wanted to wow them, this wasn’t it. Maybe he couldn’t, handcuffed already by what seems to have been significant dissent in the ranks. And not just the Germans this time. Widespread dissatisfaction with what is now an idea whose time may have finally arrived. There really isn’t anything to this QE business. […]
It’s finally official. QE Infinity is here, so announced today by Mario Draghi at his final press conference as the head of the ECB. Not only QE, but also joining Turkey and […]
The thing about R* is mostly that it doesn’t really make much sense when you stop and think about it; which you aren’t meant to do. It is a reaction to unanticipated reality, a world that has turned out very differently than it “should” have. Central bankers are our best and brightest, allegedly, they certainly […]
The Federal Reserve reported yesterday that revolving consumer credit in the US rose by a seasonally adjusted $10 billion in the month of July 2019. That was the largest single monthly increase since November 2017. Given how the latter month was related to “residual seasonality”, meaning Americans spending perhaps more than they wanted for the […]