This post is a review of all major leading indicators follows – and their trends are generally indicating moderate growth. Analyst Opinion of the Leading Indicator Forecasts Most of the leading indicators are based on factors which are known to have significant backward revisions – and one cannot take any of their trends to the bank….
Silver investors have been schizophrenic the last two weeks. Following a huge inflow mid-April, last week saw the biggest outflow from Silver ETFs since Jan 2015, and now this week (yesterday) saw investors pile more money into Silver ETFs than at any time since March 2016… After which silver soared 45%… Dramatically outperforming Gold……
The US trade deficit, a sensitive political topic these days, declined sharply in March. It had expanded significantly (more deficit) in January and February, reaching nearly -$76 billion (seasonally adjusted) in the latter month, before posting -$68 billion in the latest figures. Exports rose while imports fell in March, making for the largest single month…
The 10 Wealthiest Countries According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year. Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 countries: Rank Country Wealth ($ Trillions) Change (2007-2017, %) #1 United States…
Tesla Reports The Usual Losses Tesla reported a relatively normal quarter for the company. It’s used to reporting major losses as it ramps up its production of the Model 3. The goal is to get to 5,000 cars produced per week. The firm lost $3.35 in EPS which actually beat estimates by 6.5 cents. The…
Like every other day, Friday began and ended with Donald Trump. He started the day with the obligatory predawn dose of xenophobia, reminding everyone that Mexicans are, generally speaking, criminals. As you can see, he also conjured the World War Z images again, suggesting that the border is “under siege”, a laughable characterization for any number of…
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI also released their inflation guage this week. Analyst Opinion of the trends of the weekly leading indices Even with the general downward trend in this index, the forecast is for modest growth six months from today. Here is this week’s…
Today’s miss for payrolls, drop in unemployment, weaker wage growth, and drop in the participation rate was proclaimed by Bob Pisani and his like as “goldilocks”… David Rosenberg disagreed: My grade for today’s payroll report is a big fat C-. Harsh, yes, given the apparent good news in the 3.9% u-rate, but this does not…
After a 10% rally over the last 11 weeks, USD/CHF is nearing its highest level in a year…what will next week bring?
