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Bad News For U.S. Economy: 3 Charts Say Consumers At Breaking Point

Bad News For U.S. Economy: 3 Charts Say Consumers At Breaking Point

American Consumers Being at Breaking Point Won’t End WellU.S. consumers are at a breaking point, and that’s really bad news for the U.S. economy. It says that despite all the rosy economic data we’ve been seeing lately, a severe slowdown is brewing.Consumer spending is one of the biggest forces behind the U.S. economy. Look back […]
3 Quality Dividend Stocks With High Yields Above 5%

3 Quality Dividend Stocks With High Yields Above 5%

Image Source: Unsplash Even though interest rates are rising rapidly, the average dividend yield in the S&P 500 Index remains low at around 1.7%. As a result, income investors should focus on higher-yielding securities if they want additional income from their stock portfolios.The good news is, investors do not have to sacrifice quality when buying higher-yielding […]
Is Gold About To Take Off?

Is Gold About To Take Off?

Image Source: Pixabay The technical position for gold is looking very positive for higher prices. But technical analysis should be backed by fundamentals.To a large extent fundamentals are in the eye of the beholder, whose opinions in any situation can vary from positive to negative and everything in between. But even for the economic optimists, there […]
Inflation, Economic Data Weighs On Wall Street

Inflation, Economic Data Weighs On Wall Street

Wall Street’s rally is on hiatus, as investors parse a deluge of economic data that was released before the market’s open. What’s more, data showed October’s import prices fell 0.8% — more than the 0.3% economists anticipated. The Dow Jones Industrial Average (DJI) is on pace to snap its four-day win streak, down 76 points this afternoon, while […]
Gold Stocks: Is The Time Really Now?

Gold Stocks: Is The Time Really Now?

[edit] Interesting, however, that on the day this was written (pre-market, 11/16) gold stocks came out of the gate positive while much of the rest of the macro is going the other way (including the commodity producers that the Au miners so often get lumped in with). It’s just an inkling, but interesting.With the weakening economic […]
Crude Slips Badly

Crude Slips Badly

Image Source: Pixabay I’ve been clear, I hope, with my bearishness on crude oil, and things are really starting to kick in. The longer-term futures chart shows a gargantuan top. Simply stated, the world economy is headed for the dumper, and crude oil is comically overvalued.I have maintained my SLB and COP put positions, which have grown into my largest positions by virtue of their […]
Q3 2023 European And U.S. Cannabis Update

Q3 2023 European And U.S. Cannabis Update

Image Source: Unsplash The always-exciting cannabis industry got a few big doses of positive news from regulatory agencies worldwide in Q3 2023. Although the stock market spiked, only a few good European Union deals made news this last quarter. Sentiment has increased for the cannabis sector in general, and EU sentiment remains relatively high. There was […]
October Industrial And Manufacturing Production Tank – But It’s All About The UAW Strike

October Industrial And Manufacturing Production Tank – But It’s All About The UAW Strike

Industrial production historically has been the King of Coincident Indicators, turning up and down coincident with the onset and end of recessions in the past. But there are signs that has changed in the past 20+ years since China was admitted to normal trade relationships with the US. Because manufacturing is a much smaller share […]
Buyers In Hibernation As Home Prices Fall

Buyers In Hibernation As Home Prices Fall

Image Source: Pexels From 2000 to 2022, Canadian home prices increased 375% (an average of 17% annually, shown in red below), while the average Canadian wage (black line below) rose 3% per year. In the Greater Toronto and Vancouver Areas, where most of the population lives, median home prices rose 450% and 490%, respectively. The mania escalated during the pandemic when prices in popular areas leaped 50% between the end […]
Treasury Yields Drop As Jobless Claims Grow Faster Than Expected

Treasury Yields Drop As Jobless Claims Grow Faster Than Expected

Image courtesy of 123rf.com US Treasury Yields are in the red across the board on Thursday after the new jobless claims report showed that the labor market is cooling down. Rising claims show that interest rate hikes are making an impact to slow down the US economy, improving the outlook for a potential soft landing. US Initial Job […]