The top chart above highlights that the Dow has spent the majority of the past 70-years inside of a rising channel. The bottom chart highlights that the 10-year yield has spent the majority of the past 25-years inside of a falling channel. Support is support until broken and both are testing short-term support lines at each…

Canada’s economy grew 3% in 2017 and created a huge number of new jobs (427,300 jobs). The unemployment rate in January and February fell to 5.8% — a four-decade low. In 2017 Canada created an average of 35,600 jobs per month, most of which were full-time positions. This was the strongest expansion since 2002 (See…

The stock market has once again been doing what it does best: reminding investors that markets go down too. After a virtually nonstop run from 6,500 on the Dow in 2009 to the huge 40% increase following the election, many forgot that sell-offs not only happen but are a fact of life. And as the…

March 2018 saw the second-largest ever number of dividend cuts be declared by U.S. firms and funds in a single month. The month’s 92 dividend cuts reported was just one shy of the record 93 cuts that were recorded during the Great Dividend Raid of 2012, when the very real threat of greatly higher taxes on…

For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. Let’s now do something similar with the Light Vehicle Sales report from Motor Intelligence and the Bureau of Economic Analysis. This data series stretches back to January 1976. Since that first data…