For quite some time now, I have been publishing a weekly series of articles to this site discussing the trend in oil inventories as found in the weekly report from the Energy Information Administration. Regrettably, I have been somewhat lax in publishing these reports as of late so this edition of my report will include…
Plethora of mid-level announcements Looking at the upcoming Friday session, there are a plethora of mid-level announcements. With that being the case, we believe that there could be a little bit of volatility, but at the end of the day we think that the technical analysis will probably leave the way as Flash CPI out…
De-risking is the trade du jour Sometimes it’s a good idea to keep track of ETF prices even if you have no inclination to buy them. Why? Because they give you clues about investor sentiment. Take the new generation of beta-tilted funds as an example. One of the most popular since its 2011 debut has…
As concerns over a sharp rate hike fade, housing stocks like DR Horton (DHI –Analyst Report) are coming back into focus. Companies like DHI stand to benefit from the continuation of low mortgage rates, while a stronger economy is making homeownership a reality for more people as well. These positive trends can be seen in DHI’s recent earnings…
On January 29th, I did a post called Tiger by the Tail, which pointed out the topping pattern with Exxon Mobil. The stock, like all the energy sector, has stumbled and fumbled its way lower, although certainly not in a straight line. I suspect energy will continue to be weak for many months – maybe…
After nearly three decades of stagnation, Japan in 2013 went all-in, ordering its central bank, the Bank of Japan, to buy pretty much every bond on the market with newly-created yen. The BoJ’s balance sheet — a rough proxy for the amount of money it has created and dumped into the economy — soared at…
Once again the IMF is back in the news in regards to Greece. The IMF staff told the board of directors Greece Disqualified from New IMF Program. Yet, Germany insists IMF be a part of the program. The reason for the latter is Germany will have to pony up lots more money if the IMF is…
This erosion of opportunities to complete life’s stages and core dramas is rarely recognized, much less addressed. The idea that human life subdivides rather naturally into stages is based on our natural progression from childhood into adulthood and eventual (if we’re lucky) old age. Confucian thought views life as a developmental process with seven stages,…
Econintersect: The Chicago Business Barometer improved and is now in expansion. From Bloomberg, the market expected the index between 49.5 to 53.8 (consensus 50.0) versus the actual at 54.7. A number below 50 indicates contraction. Chief Economist of MNI Indicators Philip Uglow said, The recent weakness in the Chicago Business Barometer had sounded a few alarm…
The rise in short-term bond yields seemed to result from everybody getting in line and giving the FOMC its due respect (hey, they are going to raise the Funds rate… some day!). Here is the 3 mo. T Bill and the 1 year yield as of yesterday (weekly chart). But the Utilities (which generally…
