Apple is having to dramatically increase its share price buybacks to keeps its share price increasing. That won’t end well.
The New York Fed’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $192 billion (1.4%) to $13.86 trillion in the second quarter of 2019.
The Fed has ended its balance sheet bloodletting. QT is kaput. No more “normalization.” Now abnormal is the norm. But while the Fed will no…
Bulls are walking a tight rope here. There are smoldering fires burning everywhere. Almost too many to list, all of which have the potential to unleash a major forest fire. Europe data […]
It is absolutely amazing the lengths people will go to in order to deny the most straightforward and obvious explanation; to torture and twist plain evidence. That’s the thing about rationalizing, though. The narrative usually matters more than the facts. Take tax reform and interest rates. The problem with tax reform wasn’t actually tax reform. […]
Gold is on a roll after its major base breakout. Cycle projections have risen. This report covers the short to long term technical outlook for…
This market doesn’t appear to be in the best setup for a trade. But it could be. Here’s what needs to happen, and what you…
It keeps repeating key structures and patterns.
Global markets were shocked Beijing would interject the renminbi into tit-for-tat trade retaliation. Trade war morphing into currency war?
The British manufacturing sector pulled the English economy into contraction for the first time since 2012. Real GDP declined by 0.2% Q/Q in the second quarter of 2019, another minus sign to add to the growing global list. Goods production fell sharply, down 2.3% in Q2 from Q1. It was the biggest decline since 2009. […]
