Housing starts unexpectedly fell sharply, for once justifying the use of the description without quotation marks. The decline was concentrated in the multi-family segment. Though apartment construction statistics are highly volatile, this is far beyond the usual wide variation. The seasonally-adjusted annual rate had been above 400k each of the prior three months, so to…
The Nikkei opened on a wobble but after the first couple of hours progressed steadily to close up +0.3% on the day. As JPY found the renewed bid, and even in late trading, the Yen was knocking on the 102 handle as futures trades close to unchanged. Shanghai also found comfort with Q3 GDP reporting…
A review of the day’s trading in the agriculture markets. Video Length: 00:10:10
Whether it’s Facebook, Twitter, or LinkedIn, social media has become an integral part of our day-to-day lives. These companies have been successful on the premise that we must know what each other is doing at a moment’s notice. Now that they are all publicly traded companies, lofty expectations have been placed on them to grow…
The Federal Reserve is, at last, acknowledging at top levels and in fairly clear language that its economists are completely baffled, its recovery is failing, that the Fed cannot raise interest and may even have to heat up its stimulants, or we may end up with a permanently scarred and stagnant economy. Federal Reserve bank president expresses deep reservations…
Gasoline was the weak part of the EIA Report today, along with what appears to be an outlier in Oil Imports, which tapered any enthusiasm for the market at the close. Do we get a big build next week as Imports hit the calendar week? Video Length: 00:15:34
