The NACM “Credit Managers’ Index” or CMI is the often forgotten indicator which, similar to its cousin the PMI (Purchasing Managers’ Index), tracks credit conditions based on a survey of credit managers. Its definitely an indicator to keep an eye on because it can provide critical and timely insights on credit conditions as well as broader economic…
S&P 500 The S&P 500 rallied a bit during the trading session on Thursday, bouncing from the 2600 level. By rallying the way, we have, it looks as if were going to test the 2680 handle. I think at this point, we will find buyers eventually, and the pullback should offer value. The 2600 level…
Bitcoin is still crashing and there is no reason to be owning it at this point. If you are still buying it, you are likely doing so in hopes of it recapturing its old glory. That’s not happening. That train has left the station. Instead, heed my words – I have been saying since January…
The S&P 500 saw another week of losses, down 2.04% from last Thursday. Four out of five days were losses and last Thursday was almost a correction at 9.9% below the all-time high. It is down 2.04% YTD and is 8.08% below its record close. The U.S. Treasury puts the closing yield on the 10-year…
Third release numbers on GDP are out. Growth of Gross Domestic Output — the average of GDP and GDI — is down much more than that of GDP: nearly a percentage point. Figure 1: Quarter-on-quarter output growth as measured by GDP (red), and by GDO (blue), SAAR. 2018Q1 figures are forecasts as for March 29, from Macroeconomic Advisers…
Commodity prices marked time as investors settled in for market closures in observance of the Good Friday holiday. Australia, Hong Kong and most of Europe’s largest exchanges remain closed through Monday, making for thin liquidity. While that might delay any significant trend development until Tuesday, traders would be wise to keep an eye on weekend…
The stock market and tech stocks in particular have been under the pump recently. A lot of traders have been wondering when we will find the bottom. FB has been particular hard hit due to privacy issues, I wrote about three different trade ideas here. Stocks rallied strongly on Thursday, so my question is, was it…
George Gero, Managing Director at RBC Wealth Management, shares some of his insights on the open interest in gold and the recent volatility after options expiration day. We look at time frame for when he thinks a pop and more interest will enter the market. (Audio length 00:09:36)
Take a look at the worst performing stocks of the past two weeks, and they all have one theme in common: artificial intelligence. You can trace the beginning of the move back to the Arizona crash by an Uber AI autonomous driven car that killed a pedestrian. As all those who have studied chaos theory…
Charting the Relationship Between Money and Happiness Today’s chart is best viewed full-screen. Explore the high resolution version by clicking here. Can money buy you happiness? It’s a longstanding question that has many different answers, depending on who you ask. Today’s chart approaches this fundamental question from a data-driven perspective, and it provides one potential…
