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Ahead Of The Fed

Ahead Of The Fed

Alright folks. This market isn’t giving and it isn’t taking away either.  The bears find motivation overnight only to see it quickly dissipated within the first 30 minutes of each trading session.  The bulls make a nice comeback, but there’s nothing being added to the recent gains the market has put together. Instead it just keeps hovering […]
The Remarkable Inferences About The PBOC’s Unremarkable February Balance Sheet

The Remarkable Inferences About The PBOC’s Unremarkable February Balance Sheet

The PBOC’s balance sheet was relatively quiet in February, with no large moves on either side of its ledger. In fact, these minor shifts appeared to be more so adjustments than the more extreme efforts the central bank had become used to undertaking. The heavy lifting was accomplished in January at least as far was […]
CPI Drops 0.2%, Core CPI Up 0.3%

CPI Drops 0.2%, Core CPI Up 0.3%

Turning our focus back to the economy, there is no conceivable way the Fed will hike later today. The CPI is down, as is industrial production, and consumer spending. CPI fell 0.2% vs a consensus estimate of -0.3%. The Econoday spin is interesting. The CPI core is showing pressure for a second month, up a higher-than-expected 0.3 […]
A Single Country Now Controls The Future Of Oil

A Single Country Now Controls The Future Of Oil

After a hefty rise of 46.9% for the month through close last Friday, WTI (the U.S. crude oil benchmark) has fallen for two consecutive sessions. As always, pundits with no real experience in the industry will blame the “glut” – as if this really explains anything. Remember, in the summer of 2014, we had a greater surplus […]
“At The Moment, It’s Carnage” – The Startling Truth About China’s ‘Strong Consumer’

“At The Moment, It’s Carnage” – The Startling Truth About China’s ‘Strong Consumer’

One of the biggest false narratives pitched by the mainstream to mitigate concerns about a global recession, is that even as China’s massively overlevered manufacturing sector is careening into a hard landing, China’s “strong” consumer base will keep the country’s economy afloat (a narrative shared with the U.S.), even though as reported over the past […]
Chart Of The Day: Core CPI Gains 2.3% Y/Y – Most Since October 2008

Chart Of The Day: Core CPI Gains 2.3% Y/Y – Most Since October 2008

Core CPI print has not been higher since October 2008…  
Top Trends Forecaster Predicts The Collapse Of 2016

Top Trends Forecaster Predicts The Collapse Of 2016

Global uncertainty abounds. Conflicts, depressions, crashing stock markets. This is all part of our everyday financial life, but yet the world keeps on ticking. The banking elite have kept things together through unprecedented money printing, through shady accounting, and through sending the West deeper and deeper into debt. Unfortunately, the crashing of oil prices was […]
Gap Sinks After Morgan Stanley Says Sell, Warns Shares Could Tumble

Gap Sinks After Morgan Stanley Says Sell, Warns Shares Could Tumble

The shares of Gap (GPS) are falling after Morgan Stanley downgraded the stock to Underweight, the firm’s equivalent of a sell rating. The stock’s recent rally is unjustified, given the company’s “structural weaknesses,” according to Kimberly Greenberger, an analyst at the firm. WHAT’S NEW: Two of Gap’s major brands – Banana Republic and Gap – […]
Avoid These 10 ETFs & Funds Most Exposed To Valeant

Avoid These 10 ETFs & Funds Most Exposed To Valeant

Valeant Pharmaceuticals (VRX: $33/share) fell 51% yesterday and the stock still has further to fall. While direct share holders stand to lose the most, certain fund investors face significant downside risk as well. These investors may not realize the risk they’re taking due to the shortcomings of traditional fund research, which doesn’t focus on fund holdings. By […]
February 2016 CPI: Inflation Moderates

February 2016 CPI: Inflation Moderates

by Doug Short and Steven Hansen According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 1.0 % – a decline from last month’s 1.4 %. The year-over-year core inflation (excludes energy and food) rate grew 0.1% to 2.3 %, and remains slightly above the target set by the Federal Reserve. The market expected (from Bloomberg): month […]