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Great Graphic: Expectations For Lift-Off Solidify For September

Great Graphic: Expectations For Lift-Off Solidify For September

This Great Graphic comes from the Wall Street Journal. It shows the evolution of market expectations for the first Fed rate hike from the monthly survey it conducts. At the start of the year, many economists, like ourselves, thought that a June hike was the most likely scenario. However, the weakness of Q1, and especially the poor job growth […]
Are You Ready For The Coming Debt Revolution?

Are You Ready For The Coming Debt Revolution?

Nothing to Lose There is a specter haunting America … and all the developed nations of the world. It is the specter of a debt revolution. We left off yesterday talking about how the economy of the last 30 years – and especially that of the last six years – has favored the old over the young. […]
Rural Wages Vs. Urban Pay: Time For Dorothy To Head Back To Kansas?

Rural Wages Vs. Urban Pay: Time For Dorothy To Head Back To Kansas?

When I was in college there was a popular t-shirt that read: “Dear Aunt Em, Hate you, hate Kansas, taking the dog. Love, Dorothy.” The obvious reference to Wizard of Oz aside, it captured the sense of adventure people feel as they leave boring, ho-hum lives in rural or suburban areas to seek their fame and fortune. […]
Maybe It’ll Be Different This Time

Maybe It’ll Be Different This Time

Theories abound in the stock market world. Marketwatch has one story based on bearish sentiment of individual investors saying the market will surely soar to new heights. Just below that story they have one based on the Dow Theory that warns of a possible impending crash. I don’t give too much credence to individual investor […]
Empire State Manufacturing Conditions “Improved Slightly”

Empire State Manufacturing Conditions “Improved Slightly”

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 3.1 (3.09 to two decimals) shows an increase from last month’s -1.2, which signals a return to modest improvement in activity. The Investing.com forecast was for a reading of 5.0. The Empire State Manufacturing Index rates the relative level of […]
U.S. Industrial Production Slides For Fifth Straight Month In April

U.S. Industrial Production Slides For Fifth Straight Month In April

The case for a second-quarter revival in the US economy took another blow in today’s April report on industrial production. Output slumped 0.3% last month, marking the fifth-straight decline for the monthly comparison, the Federal Reserve reports. The annual pace continues to slide as well, with the year-over-year change dipping to 1.9% for the 12 months through […]
Why Cognex (CGNX) Isn’t Done Growing Earnings Yet

Why Cognex (CGNX) Isn’t Done Growing Earnings Yet

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in […]
US Industrial Production Weakens For 5th Month – Longest Streak Since Great Recession

US Industrial Production Weakens For 5th Month – Longest Streak Since Great Recession

On the heels of the weakest print since May 2009 in March, April Industrial Production printed -0.3% (against expectations of a bounce to -0.03% from -0.64% – which was revised higher). This is the 5th monthly drop in a row – the longest streak since the Great Recession. This is the 2nd weakest YoY print, at […]
Uncle Buck Updated – May 15, 2015

Uncle Buck Updated – May 15, 2015

Today USD is bouncing to test the breakdown from the support at 94 (+/-).  I am neutral now on USD for the short-term and expect the down channel to eventually find support, per one of the levels noted on the monthly chart yesterday. The down channel is not as bearish as an up channel would be.  An […]
Commodities Hitting 25-Year Support Line With Few Bulls

Commodities Hitting 25-Year Support Line With Few Bulls

Just the facts….Commodities have had a rough few years! Below takes a look a the Thompson Reuters Commodities index from 1984 to current, with Commodity Sentiment from Sentiment Trader.com applied. Click on picture to enlarge The decline over the past 4-years has taken this commodity index down to a support line that has been influential to this index […]