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Archives by Year:
Weekly Unemployment Claims: Up 10K, Worse Than Forecast
Here is the opening statement from the Department of Labor: In the week ending November 4, the advance figure for seasonally adjusted initial claims was 239,000, an increase of 10,000 from the previous week’s unrevised level of 229,000. The 4-week moving average was 231,250, a decrease of 1,250 from the previous week’s unrevised average of […]
Macy’s Inc Q3 2017 Earnings Report Reveals Mixed Results
Macy’s (M) Q3 2017 earnings results were released before opening bell this morning, and the department store operator reported adjusted earnings of 23 cents per share on $5.28 billion in revenue. Analysts had been expecting adjusted earnings of 19 cents per share on $5.3 billion in sales. In last year’s third quarter, Macy’s reported $5.6 […]
Prepare For Interest Rate Rises And Global Debt Bubble Collapse
– Diversify, rebalance investments and prepare for interest rate rises – UK launches inquiry into household finances as £200bn debt pile looms – Centuries of data forewarn of rapid reversal from ultra low interest rates – 700-year average real interest rate is 4.78% (must see chart) – Massive global debt bubble – over $217 trillion (see […]
The Big Freeze
The fundamentals in the petroleum complex are getting frosty. Oil prices hit another 2 and a half years high before closing lower after the record breaking run of U.S. oil exports ended and as U.S. oil exports suddenly got frozen out. In Saudi Arabia the crackdown on corruption and quest for power turned even more […]
Bond Bears & Why Rates Won’t Rise
Here we go again… Since June of 2013, I have been writing about the reasons why rates can’t rise much and why calls for the end of the “bond bull market” remain wrong. Regardless, about every 3-months or so, there is a tick up in rates and you can almost bet that soon thereafter will be a […]
Yen Rises After Nikkei Volatility
The US Dollar edged lower against the Japanese Yen after an unexpected decline in Japan’s stock market dampened risk sentiment. The Nikkei had closed down 0.2% after a 2% rise earlier in the trading day which saw a new multi-year peak. That unexpected volatility helped to drive demand for the Yen, viewed as a safe […]
Every Working American Owes $1.5 Million
The facts just don’t add up. US wages are falling, trade deficit is at 10 year high, debt is surging so are stocks and the US Government has again managed to publish a number of contradicting employment figures that make no sense whatsoever. A CONFIDENT BUT UNEMPLOYED CONSUMER US CONSUMER SENTIMENT US Consumer Sentiment is […]
EUR/USD: When Nothing Happens, The Pair Moves Up
EUR/USD is trading at 1.1637, up some 50 pips from the lows of the day at 1.1585 and some 80 pips from the lows of 1.1555 seen earlier in the week. There is no sole driver that pushes the pair to the upside, but data has been positive. The European Commission upgraded economic forecasts for […]
The ECB Is Telling Us Something; Our Dynamic Hedge Is Listening
Mario Draghi and the European Central Bank (ECB) provided some much-anticipated clarity on October 26 about the future of its asset purchase program following the governing council’s monetary policy meeting. We recently discussed the details of the ECB announcement here. In short, the planned taper had been well telegraphed ahead of time: the ECB will maintain accommodative financial conditions for […]
DXY Index Eyeing Test Of Two-Week Range Lows
Video length: 00:09:23 During a quiet like this one, traders may begin to experience déjà vu, that is, each day seems like a carbon copy of the last. Such has been the case for the US Dollar, as it remains within the two-week range carved out since the end of October. The range, between 94.29 […]
