The Census Bureau Advance Inventory Report shows wholesale inventories rose 0.7% while retail inventories were up 0.1%. Advance Wholesale Inventories Wholesale inventories for November, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $610.2 billion, up 0.7 percent (±0.4 percent) from October 2017, and were up 3.8 percent…
This has been a bumper year for the equity markets across the globe as almost all of them have risen every month for the first time in the 30-year history of the MSCI AC World Index. While the U.S. market is in the midst of the second-longest bull run in history with the S&P 500…
Four months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, President Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in a dramatic shift away from the Petrodollar and toward Beijing, Venezuela would begin publishing its oil…
2017 was a year defined by rising and falling tensions across the globe, leading to varying impacts on FX markets – sometimes to the extremes: In the United States, political partisanship reached new heights as President Donald Trump’s first term began and policy changes were overshadowed by Robert Mueller’s special probe over Russia. In Europe,…
Just doing my usual looking-at-hundreds-of-charts routine that I go through each morning. Here’s one that stood out as a prospective short: Acadia Realty Trust (symbol AKR). I think I’ll short it with a stop-loss price of 27.79:
The international trade deficit was $69.7 billion in November, up $1.6 billion from $68.1 billion in October. The Census Bureau Advance Report on International Trade shows the trade deficit was $69.7 billion in November, up $1.6 billion from $68.1 billion in October. Exports of goods for November were $133.7 billion, $3.8 billion more than October exports. Imports…
One of the central tenets of the Bitcoin bull thesis (and the bull thesis around cryptocurrencies in general) is the idea that the space is largely immune to government crackdowns. After all, what good is an anonymous, decentralized system if the powers that be can simply regulate it out of existence? Government interference in cryptocurrencies is something…
Hurricanes continue to impact claims taking procedures in the Virgin Islands and Puerto Rico. The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 235 K to 240 K (consensus 234,000), and the Department of Labor reported 245,000 new claims. The more important (because of the volatility in the weekly reported claims and…
Most people view trusts as something only necessary for the ultra-wealthy. But like a good whiskey, trusts don’t need to be just for the upper-income echelons. They can be a good, tax-savvy way to pass your estate on to your heirs, regardless of the size of your assets and family, and can help you manage…
Conventional wisdom can be defined as ideas that are so accepted that they go unquestioned. Unfortunately, conventional wisdom is often wrong. Two great examples are that millions of people once believed the conventional wisdom that the Earth is flat, and millions also believed that the Earth is the center of the universe. Much of today’s…
