The headlines are absolutely apocalyptic, drowning out the more rational comments. NJ announced yesterday the rate of virus increases is diminishing. NY commented the percentage rise in infections is slowing. Italy, the world’s
...All markets surged yesterday on the tentative passage of the stimulus. As I have stated, I am wondering whether the cost is worse than the disease. As noted yesterday, the global economic cost is around $120 trillion.
...Twenty five years ago one of the top tier data points was the Leading Index of Economic Indicators (LEI). It was a hard and fast rule that three consecutive declines in the LEI all but assured a recession will occur in the next ...
Barron’s wrote yesterday US technology firms are and will continue to bear the grunt of the trade war. In my view this is just the acknowledgment of the obvious given the current supply chains and methods of production for ...
Initial estimates of second quarter GDP is released at 8:30. Analysts are expecting a 1.8% growth rate as the decline in inventories is expected to subtract about 1.3% from growth. This is the inverse from the first quarter when inventory ...
June’s PPI rose by 0.5%, more than the forecasted 0.3% gain and the largest increase since May 2015. April prices rose by 0.4%. For the 12 months prices are up 0.3%, the biggest year to year gain since December 2014....
Equites retraced their Fed induced advance. The dollar rallied and commodities were crushed further sending them to a fresh 16 year low. I believe trading was entirely dominated by HFTs as everyone knows higher short term interest rates suggests a higher dollar and lower commodity...
The Chairman of Shell stated with oil prices at current levels every oil firm will have to slash its budget, commenting further that most investments outside the Middle East does not make sense. He further stated oil prices declining another 20% might be too optimistic,...