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Ugly, Tailing 5Y Auction Prices At Highest Yield Since September 2008

Ugly, Tailing 5Y Auction Prices At Highest Yield Since September 2008

After yesterday’s ugly, tailing 2Y auction, moments ago the Treasury sold $38 billion in 5 Year paper in an auction that was just as forgettable, and perhaps just as weak. The high yield came in just shy of 3%, or 2.997%, a generous 0.4bps tail to the 2.993% When Issued, the biggest since June; the […]
Consumer Confidence Increased Further In September

Consumer Confidence Increased Further In September

The latest Conference Board Consumer Confidence Index was released this morning based on data collected through September 14. The headline number of 138.4 was an increase from the final reading of 134.7 for August, an upward revision from 133.4. Today’s number was above the Investing.com consensus of 132.2. “After a considerable improvement in August, Consumer Confidence increased further in […]
GDP Growth Is Not The Same Thing As Real Economic Growth

GDP Growth Is Not The Same Thing As Real Economic Growth

In the New York Times September 14, 2018, in an article “We’re Measuring The Economy All Wrong,” the writer of the article David Leonhardt complains that despite strong gross domestic product (GDP) data most people don’t feel it. The writer of the article argues that, The trouble is that a handful of statistics dominate the public conversation […]
How To Prepare For The Coming Inflationary Storm

How To Prepare For The Coming Inflationary Storm

The financial system just gave us a big “tell.” First and foremost, the US Dollar has taken out both its bull market trendline AND critical support. The technical damage here is severe. We will get bounces, but the bull run is over. This is effectively the currency market saying “inflation is a coming.” Secondly, the […]
Your Semi-Annual Golden Week Reminder

Your Semi-Annual Golden Week Reminder

It’s that time of year. September, the leaves start to turn and the air grows crisp. Autumn smells arrive; the Chinese prepare for their nationalist Golden Week. Ever since 2014 and the dollar’s rise, that is, eurodollar tightening especially in Asia, these holiday bottlenecks are never boring. To be shut down for an entire week […]
Jabil Q4 Earnings And Revenues Surpass Estimates

Jabil Q4 Earnings And Revenues Surpass Estimates

Jabil (JBL – Free Report) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that […]
Fed Preview: Near-Term Path Set In Stone, All Eyes On 2019 And Beyond

Fed Preview: Near-Term Path Set In Stone, All Eyes On 2019 And Beyond

It’s a testament to the success of the Federal Reserve’s post-crisis “Communication-as-a-Policy-Tool” philosophy that investors have “known” the outcome of this week’s Fed meeting (and likely the November and December Fed meetings as well) for weeks already. It’s essentially a certainty that the central bank will raise interest rates by 25bps at the conclusion of […]
Ripple Ready To Rock, Bitcoin Is Ok, Ethereum Is Not Looking Good

Ripple Ready To Rock, Bitcoin Is Ok, Ethereum Is Not Looking Good

Cryptocurrencies are in the red after a week of gains. Bitcoin is taking a break and Ethereum is in deep trouble. But Ripple is well supported and may be ready for the next move up. After a week of rises, digital coins are struggling again. A natural correction is normal after a hectic week that […]
Weekly Technical Perspective On The Crude Oil Prices (WTI)

Weekly Technical Perspective On The Crude Oil Prices (WTI)

In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Crude oil has rallied more than 11% off the August lows with prices now approaching topside resistance targets. Here are the key targets & invalidation levels that matter on the Crude Oil weekly chart.  CRUDE OIL […]
The Upside Of The Bearish Wedge

The Upside Of The Bearish Wedge

My Swing Trading Approach I reduced my long exposure yesterday, after hitting my stops in two of my trades, and adding one new additional trade. With the market gapping higher, I plan to play it cautious today and see whether the bulls can hold the gap up this morning.  Indicators Volatility Index (VIX) – Popped 4.5% […]