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Macy’s Could See Bigger Sales Boost From Black Friday

Macy’s Could See Bigger Sales Boost From Black Friday

As iconic U.S.-based department store Macy’s (NYSE:M) gets set to release its third-quarter of 2018 earnings results, the global retail sector has been preparing for year-end holiday sales. Consumers generally continue to take out their wallets, despite the myriad of event risks looming in the background, including trade-related tensions, Brexit negotiations, as well as the impact […]
U.S. Workforce Recovery – Wednesday, Nov. 7

U.S. Workforce Recovery – Wednesday, Nov. 7

We’ve updated our monthly workforce analysis to include Friday’s Employment Report for October. The unemployment rate remained at 3.7%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 250K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian Labor […]
Consumer Confidence Extremely Strong

Consumer Confidence Extremely Strong

Consumer Confidence – Strong Redfin Sales Report The Redfin report showed year over year same-store sales growth for the week of November 3rd was 6.1%. That beat the previous week’s growth of 5.9%. This is the strongest growth rate since the beginning of October. It signals the holiday shopping season is about to be fantastic. Month […]
The Election’s Finally Over. Now Things Can Go Back To “Normal”: Rising Interest Rates, Rising Debt, Rising Volatility

The Election’s Finally Over. Now Things Can Go Back To “Normal”: Rising Interest Rates, Rising Debt, Rising Volatility

As contentious as the US midterm elections were, there was never a scenario in which they mattered. Any possible configuration of Republicans and Democrats in the House and Senate would have yielded pretty much the same set of economic policies going forward: Ever-higher debt, upward trending interest rates and (through the combination of those two) […]
Mortgage Applications Plummet To 18-Year Lows As Rates Hit 2010 Highs

Mortgage Applications Plummet To 18-Year Lows As Rates Hit 2010 Highs

With purchase applications tumbling alongside the collapse in refinancings, the headline mortgage application data slumped to its lowest level since September 2000 last week. This should not be a total surprise as Wells Fargo’s latest results shows the pipeline is collapsing – a forward-looking indicator on the state of the broader housing market and how it is […]
Why We Get Bad Diagnoses For The World’s Energy-Economy Problems

Why We Get Bad Diagnoses For The World’s Energy-Economy Problems

The world economy seems to be seriously ill. The problem is not overly high oil prices, but that does not rule out energy as being a major underlying problem. Two of the symptoms of the economy’s malaise are slow wage growth and increasing wage disparity. Tariffs are being added as solutions to these issues. Radical […]
NZD/USD Correction To Face Dovish RBNZ Forward-Guidance

NZD/USD Correction To Face Dovish RBNZ Forward-Guidance

The Reserve Bank of New Zealand (RBNZ) interest rate decision may curb the recent advance in NZD/USD as the central bank is widely expected to keep the official cash rate (OCR) at the record-low of 1.75% in November. It seems as though the RBNZ will stick to the current script at its last meeting for 2018 as […]
SPY Rallying Into Our Target Zone

SPY Rallying Into Our Target Zone

SPY rallying off of last nights election results….coming into our target zone…stay tuned.
Watch These Key Fibonacci Retracement Levels

Watch These Key Fibonacci Retracement Levels

Take a look at the daily charts of the Nasdaq Composite and S&P 500 Index, both of which have rallied aggressively over the past few days. The Nasdaq is testing the 50% retracement level along with the 200-day moving average, while the S&P has gapped above both metrics. Both, however, have an area of potential […]