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Archives by Year:
U.S. Manufacturing Jobs In Long-Term Context
Manufacturing jobs have a talismanic force in the politics of the US and many other high-income countries. The underlying belief often seems to be that governments of other countries have enacted policies that allowed them to steal US jobs, and that if the US government just got tough, the US economy could get those jobs […]
DECK, SKX Higher After Earnings; PCE On Tap Friday
Image Source: UnsplashIt’s tough to get a firm handle on this market. One day it looks like a trading rotation into undervalued equities from big run-ups elsewhere, the next day it’s a major selloff across the board. This day, we were back to the “rotation” scenario: the Dow gained +81 points, +0.20%, and the small-cap Russell […]
Have We Been Living In An MMT World Since 2008?
I recently viewed Finding the Money, a video aimed at persuading a popular audience of the putative merits of Modern Monetary Theory (MMT). The video debuted this past May on several streaming platforms and theaters throughout the U.S. Whether it succeeded or not in its purpose, I will leave it for others to judge. What I found […]
NZD/USD Remains Weak Below 0.5900, All Eyes On US PCE Data
Photo by Thomas Coker on Unsplash NZD/USD weakens near 0.5890 in Friday’s early Asian session. The US GDP expanded at a 2.8% annualized pace in Q2, above the 2.1% forecast. Disappointed Chinese data and growing odds of a rate cut by the RBNZ drag the Kiwi lower. The NZD/USD pair remains under some selling pressure around 0.5890 during […]
Gold Sinks To Two-Week Low Despite Falling US Yields
Image Source: Unsplash Gold prices fall 5% from July 17 peak of $2,483 to $2,364. US Q2 GDP beats expectations, strengthening the US Dollar and impacting gold. Market certainty grows for a Fed rate cut in September as Treasury yields decline. Gold price tumbled to a two-week low on Thursday after the US Bureau of Economic Analysis […]
The Immigration Pillow
Image Source: Pexels The US economy has never had a soft landing. It is possible that we are about to have one. If so, it will likely be due to the fact that a massive surge in immigration has provided a big soft pillow for the economy to land on. [Note: I will not address the […]
Mega-Cap Meltdown Continues As ‘Good News’ Sends Rate-Cut Hopes Reeling
Image Source: UnsplashKC Fed survey joined yesterday’s Regional Fed surveys in the doldrums (as did today’s plunge in durable goods orders) but of course, all eyes were sternly focused on Q2 GDP’s beat.That ‘good news’ sparked a hawkish shift lower in rate-cut expectations…Source: BloombergThe Nasdaq lagged..again.. with Small Caps ripping higher. The S&P ended red again […]
Jersey City to invest portion of pension fund in Bitcoin ETFs
Key Takeaways Jersey City’s pension fund plans to invest in Bitcoin ETFs following SEC approval. Mayor Steven Fulop has been a proponent of crypto and blockchain as major technological innovations. Jersey City Mayor Steven Fulop has revealed plans to invest a portion of the city’s pension fund in Bitcoin exchange-traded funds (ETFs), marking a significant […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, July 25
Image Source: UnsplashYep, I’m back to using “It was an interesting day today!” Both the ES and NQ initially dropped to new lows for the current sequence which was in line with the analysis presented last evening, however, the mid-morning strength turned into afternoon swoon(s). EW remains in minuet 5th waves down, but they are extending […]
MLPX: The Energy Handwriting Is On The Wall, Buy Infrastructure
Image Source: Pixabay The full title of the ETF I own and suggest for your due diligence is the Global X MLP & Energy Infrastructure ETF (NYSEARCA: MLPX). It has only 25 holdings. But those 25 companies probably control 75% of the pipeline and other infrastructure energy market in the US! Unlike the individual shares comprising the ETF (most […]
