Gold is at the highest level in almost 8 years. Oil is almost $41 barrel. The yield curve is the steepest in over five years. Many, me included, believe a reason for the above is the result of the exponential increase in...
Equities were volatile Friday as both Arizona and Florida reported their biggest increases in Covd-19 since the pandemic began and Apple said it would close some stores in those states. Oil gained about ...
Yesterday’s jobless claims were not as good as many hoped but the regional Philly Fed Survey was literally off the chart. It read 27.5 versus an expected -21.4, a reading that was ...
The headlines are stating corona virus cases are “surging.” As stated yesterday, nationwide cases are rising 0.9% on a seven-day average versus 1.0% registered one week ago. Testing however is...
Is a “V” shaped recovery at hand? Retail sales jumped in May by the most on record and double the forecast. Sales soared 17.7%, the most in data going back to 1992. US home builder optimism also
...The flaws and fragility of France’s and more broadly Europe’s over reliance on global supply chains, from the car industry to smart phones and pharmaceuticals has been exposed. We must question this interdependence and the
...Equities slumped over 7%, the most in 12 weeks as economic jitters returned. The selloff was huge as Bloomberg writes a record of all but 1 S & P 500 stocks fell. To further emphasize the breadth ...
In my view, the outcome of the 2-day FOMC meeting largely met expectations. The Committee put a floor under its large-scale asset purchases and projected interest rates will ...
The St. Louis Fed stated yesterday “the US labor market has continued to heal at a relatively rapid rate through early June, making up almost half of the decline that was recorded in ...
Equities led by energy and the financials climbed to a fifteen-week high on reopening optimism. Several times I have commented about he massive surge in M-2 and gargantuan stimulus stating ...