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Make Bad Data Great Again! CPI Edition

Make Bad Data Great Again! CPI Edition

As soon as the CPI print hit (and missed), our assessment was simple: Buy stocks!!! And for those who have wisely chosen not subject themselves to our profane Twitter feed, here’s the expanded version: ok: unload your long USD positions, get long USTs and stocks, then go ahead on to the bar. algos will take […]
October 2017: ECRI’s WLI Growth Index Rate Expands Further

October 2017: ECRI’s WLI Growth Index Rate Expands Further

ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion after a brief dip into contraction. This is compared to RecessionAlerts similar weekly leading index. Analyst Opinion of the trends of the weekly leading indices Both ECRI’s and RecessionAlerts indicies are indicatingr modest growth six months from today. Current ECRI WLI […]
Where The U.S. Exports Oil And Petroleum Products

Where The U.S. Exports Oil And Petroleum Products

Exports of U.S. petroleum and petroleum products have surged in recent years. Here were the biggest buyers of these exports in 2016. This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to import an average of 8.1 million BPD. In the previous article, I discussed the reasons […]
U.S. Consumer Price Index Rises Amid Surge In Gasoline Prices

U.S. Consumer Price Index Rises Amid Surge In Gasoline Prices

Rising gasoline prices boosted Consumer Price Index in September but not enough to validate December rate hike. The Consumer Price Index rose 0.5 percent in September, according to the Labor Department report released on Friday. This is better than the 0.4 percent increase recorded in August but slightly below the 0.6 percent expected by economists. […]
US Dollar Outlook And What It Means For Gold

US Dollar Outlook And What It Means For Gold

The US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a coming rebound in the USDI […]
Bayer To Sell Some Units To BASF, Paving The Way For Monsanto Megadeal

Bayer To Sell Some Units To BASF, Paving The Way For Monsanto Megadeal

Shares of Monsanto (MON) jumped in morning trading after Bayer (BAYRY) agreed to sell parts of its seeds and herbicides businesses to BASF (BASFY), paving the way for the Roundup maker to be acquired by the German conglomerate for $66B. BAYER SELLING UNITS FOR EUR5.9B: Bayer (BAYRY) said in a statement that it has agreed […]
Swing Trading Strategy – Friday, October 13

Swing Trading Strategy – Friday, October 13

My Swing Trading Approach I’m nearing a point where I want to see price action move out of the recent price coil before getting any more aggressive on this market. As always, I’ll look for opportunities where appropriate, to book profits and move up stop-losses.   Indicators VIX – Slight uptick, still below 10 at 9.91. But […]
Alaska Airlines Major Trend Break

Alaska Airlines Major Trend Break

Even with market indexes making lifetime highs every single day (with the notable exception of Saturday and Sunday), including the Dow Transports, I thought I’d point this out: The above is Alaska AIrlines (ALK), and as you can see, it broken its long term trendline. Here’s a closer look. I’m already short it, with that […]
Gold Miners’ Q3’17 Preview

Gold Miners’ Q3’17 Preview

With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results. No data is more highly anticipated by investors, for good reason. Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities. Q3’17’s upcoming results are […]
Retail Storms

Retail Storms

Retail sales were added in September 2017 due to the hurricanes in Texas and Florida (and the other states less directly impacted). On a monthly, seasonally-adjusted basis, retail sales were up a sharp 1.7% from August. The vast majority of the gain, however, was in the shock jump in gasoline prices. Retail sales at gasoline […]