The consensus is that the economy’s doing great – and will continue to do well. Everything seems fine – right? Well, not exactly. I have been looking at some important – but little used – indicators that are showing very troublesome economic data. Here are three important indicators that will throw ice on the hot economy narrative the mainstream media…
I met Jim in Florida while taking a break from work about a month ago. My friend Mike said I had to meet this guy. “He loves crypto. You’re a bit of a skeptic of all things, Andy, but this guy is a true believer.” And according to Mike, Jim has made a ton of…
USD/CAD struggles to retain the advance from earlier this month, with the pair at risk for further losses following the failed attempt to test the 2018-high (1.3125). Meanwhile, EUR/USD extends the bearish sequence from earlier this year, with the Relative Strength Index (RSI) still flashing an extreme reading as the oscillator holds in oversold territory. USD/CAD…
Headline April BLS Report Misses Estimates April was another weak month for the labor market. Despite the strong ADP report, the BLS report only showed 164,000 jobs created as you can see in the chart below. The consensus estimate was for 191,000 jobs created. This caused the unemployment rate to fall 3.9% which was below…
According to a report by TechNavio published last year, the global business accounting software market is estimated to grow at CAGR of 6% to reach $4.1 billion by the year 2021. Blackline (Nasdaq: BL) is a SaaS-based finance and accounting firm that is trying to chip away at this market opportunity. BlackLine’s Financials BlackLine’s first quarter…
In April, the price index for final demand services advanced 0.1 percent. Prices for final demand goods were unchanged. Hooray, we are finally discussing second-quarter data. The BLS reports the Producer Price Index for final demand rose 0.1 percent in April, as prices for final demand services advanced 0.1 percent, while the index for final demand goods…
Vanguard communication services ETF ticker symbol: VOX short-term Elliott Wave view suggests that the bounce to 88.35 on 4/24/2018 high ended cycle degree wave “b”. Below from there, the cycle degree wave “c” remain in progress as an Impulse Elliott Wave structure looking for more downside extensions. Down from 88.35 high, Primary wave ((1)) is in progress as an Impulsive structure…
I keep on hearing about the supply-side miracle associated with the the Reagan era tax cuts. What do changes in estimated potential versus actual output suggest? Figure 1: Year-on-year growth rate of real GDP (blue), and of potential GDP (red), calculated as 4th differences of logged values. Dashed lines at effective dates for Economic Recovery Tax…
Shares of Monro (MNRO) and other tire and auto parts retailers are sliding after Sears Auto Centers (SHLD) announced that it is working with Amazon (AMZN) to provide full-service tire installation and balancing for customers who purchase tires through the online retailer. Late last year, Monro had disclosed that the company was in talks with…
Roman poet Juvenal is perhaps remembered most for his plaint about his countrymen’s declining heroism. In his Satires, he wrote: “The people that once bestowed commands, consulships, legions, and all else, now meddles no more and longs eagerly for just two things—bread and circuses!” “Bread and circuses” refers to the diet of entertainment and grain…
