Is this index consolidating sideways, or is this a triple top developing? The group is entitled to a rest after such a strong run, but it is hard to believe that the bull market will survive very long if this index breaks down. This ETF is one of many inflation-related ETFs that were pushing up…
“The global economy has continued to move forward with what has been, so far, a synchronized global economic expansion with few notable exceptions, i.e., Venezuela. While reflecting the improvement in global economic growth, more and more central banks in the developed world are starting to follow the U.S. Federal Reserve in raising interest rates.” (Wells…
A solid day for Asia with the broad based rally carrying all markets higher. Confidence gained from strong earnings, better data than US markets had expected and energy prices rallying over 3% all helped to produce a positive day. The Nikkei gave-up the mornings highs and drifted in afternoon trade but still gained +0.15% for…
Tax Day should have been Apr 17 this year. But, the IRS has given taxpayers an additional day to file and pay returns after the webpage for paying tax bills using their bank account crashed. Tax Day has always been special for the stock market. Estimates are that 15% to 33% of all tax filers…
Rates rip higher and the curve steepens dramatically; stocks tumble, semis suck, tech stumbles, banks burst higher; industrial commodities jump; and the dollar spikes – in other words – it’s opposite day. Futures show US equities stable and positive for most of the Asia session but begin to lose steam as Europe opened, accelerate lower…
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through February. “Travel on all roads and streets changed by -0.1% (-0.2 billion vehicle miles) for February 2018 as compared with February 2017. Travel for the month is estimated to be 226.7 billion vehicle miles.” The 12-month moving average was…
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through February. “Travel on all roads and streets changed by -0.1% (-0.2 billion vehicle miles) for February 2018 as compared with February 2017. Travel for the month is estimated to be 226.7 billion vehicle miles.” The 12-month moving average was…
Why do reported growth rates differ for the same variable? Refer to the last three years of GDP data to see… Figure 1: Quarterly GDP, SAAR, FRED series GDPC1 (blue line), annual, FRED series GDPCA (green bars), in billions of Chained 2009$. 2017 q4/q4 growth rate (red arrow); annual 2017 y/y growth rate (green arrow); 2017Q4…
I’d say short the blasted things, but they have earnings next week and a slew of housing numbers coming out, as well. And that is simply too risky to be taking a short position on. If you are associated with the home building process in any way, except for the being the bank itself, your…
