Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows a slowing in the rate of growth. Inventory levels are very high and do not correlate to times of economic expansion. Analyst Opinion of Business Sales and Inventories Inventories remain elevated this month. Our primary monitoring tool – the 3 month rolling…
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Here are the key levels that matter on the weekly charts for the NZD/USD, GBP/USD and EUR/NZD. NZD/USD WEEKLY PRICE CHART Notes: Last month we noted that the New Zealand Dollar had,“continued…
Just to make sure you don’t miss it,please note there is an open plea for people to test the new site, so please read the post if you didn’t. Over the long haul, there’s no arguing that Tesla has been anything but an incredible stock, having moved up many, many hundreds of percent: Shorter-term, however, things are…
Remember what I said last night? No? That’s ok, I wouldn’t either were it not for the unfortunate circumstances that forced me to give up Balvenie forever. But for those who are still free to imbibe and thus perhaps prone to forgetting what was and wasn’t said on Saturday and Sunday evenings, here was our assessment of…
Trade fears have tapered some, and the US response to the Syria chemical attack has take place, and the market is trading higher today. Honestly, if you had to pick a time for a missile strike, Friday night would have been the most preferable time for the stock market. You avoid that massive knee-jerk reaction…
Despite a rebound in retail Sales the GDPNow forecast slips to 1.9 percent. Real final sales are 0.9 percent. Those expecting today’s retail sales bounce would drive up GDP estimates thought incorrectly. The GDPNow Forecast dipped slightly today. GDPNow Latest Forecast: 1.9 Percent – April 16, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted…
The world’s second-largest economy China has been growing by leaps and bounds for the past one year. Further, the Asian Development Bank stated in a report on Apr 11 that China would keep growing more than 6% in 2018 as well as 2019. The recent shift of focus from manufacturing to services has been pivotal…
Stocks exuberantly rallied on the ‘hype’ that the world is safe again and America’s latest intervention is one-and-done… but bonds ain’t buying it… The curve tested Friday’s highs then crashed back down its flattest levels since Oct 2007… Someone is ‘wrong’ again! As Eric Peters anecdotally summed up over the weekend… “We have this global synchronized…
GBP/USD Current Situation The GBP/USD is trading around $1.4330, very close to the January 25th highs of $1.4345. Beyond this level, we are back to levels last seen before the EU Referendum of June 23rd, 2016, a day of historical significance that sent cable tumbling down from a swing high of $1.5000 to the low…
