Top News Headlines Pope visits Cuba, Raul Castro praises pontiff's focus on climate change, inequality. Migrant influx to Europe continues. Republicans debate. Fiorina gains traction, Trump still center of attention. Stocks fall on growth worries, gold rallies. AB Inbev offers to buy SAB Miller. Economic News Fed chickens out, keeps rates unchanged. Hewlett Packard to cut another 30,000 jobs. Manufacturing [...]
Top News Headlines BIS Quarterly Report: China slowdown, strong and rising dollar threaten emerging markets. European migrant crisis continues; Germany tightens border security. Stocks rally 2% ahead of Fed meeting. Apple unveils new products Economic News Brazil's debt rating cut to junk. IMF adds its name to very long list of Keynesians begging Yellen to hold off on rate hikes. [...]
Economic Reports Scorecard – 8/31/15 to 9/11/15 The majority of the reports from the last two weeks were worse than expected but the overall view of the economy hasn't changed much. Manufacturing, with the exception of autos, continues to struggle and the majority of the pain is centered in the oil patch as evidenced by the awful Dallas Fed report. [...]
That's the question everyone is asking these days. Will the Fed go ahead and raise interest rates at their next meeting? Or is the economy still so soft they don't dare derail what recovery we've managed to attain? Was last week's employment report good enough to keep the Fed on track to do what they seem to think they need [...]
It looks like the reversal of Monday’s dramatic and frightful liquidation has held and gained in the past two days. From that we can infer, of only the near-term, that those forced repositions were enough to square the liquidity imbalance from the latest “dollar” run. The two words are related not just in a common semantic root, as liquidations are [...]
To illustrate just how badly Monday’s selloff (and yesterday’s late day reversal) seems to have shaken core confidence in the overriding narrative (ALL IS WELL!) you need only view the drastic reversal on what stock prices supposedly mean. With QE’s producing little or no tangible economic benefit, certainly nothing specific with which its proponents can easily point to, they have [...]
Repetition is the signal of the unnatural. With stock prices moving back toward a positive daily trade, such immense volatility in what was surely a junior flash crash will be swiftly discharged as unimportant; the bull must stand. The NASDAQ at one point this morning was down to 4292 and the DJIA off about 1,000 points at the worst. And [...]
Stocks aren’t quite as immune to financial disruption in the middle of 2015 as they had been previously. The last major, comprehensive selloff was also in tandem with “dollar” disorder back last October 15. This time, the motion was more erosion than “event”; at least until the past week. Just like crude oil, stocks lost their momentum back in early [...]
China apparently shocked some people last week by allowing the Yuan to fall 3.5% against the dollar. I don't know why in the world they would be shocked since we've known for months - heck almost a year now - that capital has been leaving China. I wrote about it back in March so it isn't like it was exactly a [...]
Top News Headlines Dow falls seven straight days; longest losing streak in four years Bonds up for third week in a row; diversification does work Apple stock in correction territory Republicans hold first debate; Fiorina, Kasich biggest surprises Media stocks clobbered; Disney leads to the downside on ESPN woes Economic News Incomes up modestly, spending still weak ISM Manufacturing index [...]
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