It’s quite evident the Facebook privacy scandal, which garnered worldwide attention and lengthy Congressional hearings, is now a minuscule footnote in history. Nobody cares. Here is the longer view…….. ………as equity indexes break above their right triangles……..
Video by Steve Sosnick A discussion on oil and energy markets. Video Length: 00:04:35
This week we gained two pieces of inflation information – the Consumer Price Index (CPI) and the Producer Price Index (PPI).Both measures provide insight into where inflation has been in recent months. Overall, the CPI came in at +2.4% compared to the prior year, while the PPI came in at +3.6% over last year.Prices are rising, although not…
With upsized 3 and 10 Year Treasury auctions pricing earlier this week at stronger internals than the bears had anticipated, moments ago the US Treasury sold a similarly upsized $17BN in 30Y paper – the largest long-bond auction on record – and yet the market had virtually no problem digesting the added supply, which in…
The simple answer to the question in the posting title is probably not. Chris Temple joins me to address the pullback in the USD below 93 (but it is climbing back as I am posting) and move higher in metals, and US equities. We also address the generally lower VIX. (Audio length 00:09:29)
Below is a summary of my post-CPI tweets. OK, 20 minutes to CPI. Let’s get started. Although chatter isn’t part of the CPI, it’s interesting to me as a CPI guy. The chatter seems less this month than last month (maybe because of two readings <0.2%). I guess no easy ‘cell phone story’ to latch…
Did seven years of zero percent rate policy, three rounds of quantitative easing (QE) and “Operation Twist” provide a consequence-free credit boom? Or will “too-low-for-too-long” monetary manipulation eventually lead to a credit bust – one with adverse effects for asset prices as well as economic growth? It is not particularly difficult to understand that the mid-2000s credit…
Shares of Roku rose 3% Thursday morning after the company reported positive first-quarter results that were above expectations. The company posted adjusted earnings per share that beat Wall Street’s estimate by $0.08, while revenue increased by 36.5% to beat analysts’ estimate by $9.45 million. Roku, which is popular for its streaming devices, for the first…
Demand for gold declined 7 percent in Q1 2018 while gold supply increased. But the price did not fall. What does it all mean for the gold market? Gold Demand Dwindles in Q1 2018 We are always ahead of other analysts. Last week, the World Gold Council released a new edition of its quarterly report on gold demand….
I’m not a huge fan of using technical analysis on indicators, particularly when the y-axis on the chart is a percentage basis capped at 100%. But this T2108 chart, I believe has some merit as it pertains to support and resistance. For those needing a refresher, the T2108 measures the percentage of stocks trading above…
