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S&P 500 Record Close On The Second Lowest Intraday Price Range Of 2015

S&P 500 Record Close On The Second Lowest Intraday Price Range Of 2015

The economic news today was not good. The Fed’s Industrial Production index for April posted its fifth consecutive monthly decline. Michigan Consumer Sentiment took a dive, its biggest plunge since December 2012. The market was not particularly troubled. The S&P 500 opened higher, vacillated a bit and hit its -0.20% intraday low with the bad consumer sentiment […]
Wake-Up Call For B-Dud And The New York Fed Staff – This Isn’t “Transitory”

Wake-Up Call For B-Dud And The New York Fed Staff – This Isn’t “Transitory”

The “in-coming” data turned into a blizzard of bad news today, but the Cool Aid dispensers at the New York Fed urged us not to fret—–it was all a temporary blip: New York Fed staff economists said in a new report growth should regain some of its swagger after stumbling during a chilly first quarter…… it believes first-quarter weakness […]
SP 500 And NDX Futures Daily Charts – The Economic Decline Toddles On

SP 500 And NDX Futures Daily Charts – The Economic Decline Toddles On

Empire Manufacturing, Industrial Production, and even Michigan Consumer Sentiment came in weakly this morning. Stocks were trying to rally, but were just able to hold their ground into the weekend. I get the feeling we are in store for an interesting convergence of appearance and reality later this year. Have a pleasant weekend.
The Blackstone Group – Chart Of The Day

The Blackstone Group – Chart Of The Day

The Blackstone Group (NYSE:BX) is the Barchart Chart of the Day. The investment management firm has a Trend Spotter buy signal, a Weighted Alpha of 52.40+, gained 48.99% in the last year and paid an 8.36% dividend yield. The Chart of the Day belongs to the Blackstone Group . I found the stock by sorting the All Time High list for […]
Gold & Silver Surge As Bond-Buying Bonanza Stalls Stocks

Gold & Silver Surge As Bond-Buying Bonanza Stalls Stocks

What goes up, must come down and while stocks have yet to factor in the Fed’s anti-gravity gun will end one day, bond yields roundtripped in the most dramatic way in 2 years this week. Quite a ride… A reminder (after 5 macro misses today)… And (h/t @ImpartialExamin) from “Money, Bank Credit, and Economic Cycles”… OK […]
Lowe’s To Report Q1 Earnings: What To Expect?

Lowe’s To Report Q1 Earnings: What To Expect?

Lowe’s Companies, Inc. (LOW – Analyst Report) appears strong as it embraces the earnings season with favorable stock price movement, a strong earnings surprise history, positive estimate revisions and strong fundamentals. Shares of this Mooresville, NC-based home improvement retailer have surged roughly 62.6% in the past one year, demonstrating its inherent strength. Positive Earnings Surprise History The company’s […]
Danish Proposal The Latest Salvo In The War On Cash

Danish Proposal The Latest Salvo In The War On Cash

The war on cash continues to heat up with a proposed law in Denmark that would open the door to what Jim Leaviss called “the first step towards an economic revolution that sees physical currencies and normal bank accounts abolished,” in a recent Telegraph column. Last month, we reported on the reasons central banks would love to do […]
No Money, No Growth

No Money, No Growth

Last August, the US Fed stopped creating new currency out of thin air and dumping it into the banking system. Which is another way of saying the US money supply stopped growing. Here’s the adjusted monetary base — a proxy for the amount of new currency the Fed is creating — over the past eight […]
Tale Of Two Indexes

Tale Of Two Indexes

Over the past week the non-confirmation in Dow Theory between the industrials (DJIA) and the transports (DJTA) widened. Both indexes have been painting a line for over two months. Now both indexes have broken out of their lines. The problem is DJIA broke upward and DJTA broke down. This creates a non-confirmation that warns of a […]