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US Dollar Limps On Friday, Markets Await Clues On The US Economy

US Dollar Limps On Friday, Markets Await Clues On The US Economy

 Image Source: Pexels   Stabilization in risk sentiment lends support to the USD despite lack of fresh fundamentals. Fed officials paint an optimistic picture of the US labor markets despite slow job growth. Market adjusts easing expectations; first rate cut expected in September with slightly lower odds. The US Dollar (USD), measured by the US Dollar Index (DXY), […]
The Energy Report: Lean Forward

The Energy Report: Lean Forward

Photo by American Public Power Association on Unsplash  Hedge funds in energy are probably leaning the wrong way after the feared stock market crash may only be a healthy correction. Despite fears of subdued demand, global oil inventories are tightening.While it appears that Iran backed down from a direct attack on Israel as the regime weighed the real […]
Estimating Further Negative Revisions To GDI For The First Quarter

Estimating Further Negative Revisions To GDI For The First Quarter

The BEA’s initial GDI growth estimate for the first quarter was 1.5 percent, later revised to 1.2 percent. I expect further negative revisions. Here’s a “What if” take.The math is a bit complicated, and I made some assumptions that the BEA is in the ballpark with its starting point.So take this with a bit of […]
Why Does Building Roads Cost So Much In The United States?

Why Does Building Roads Cost So Much In The United States?

Photo by Diego Jimenez on Unsplash  When the government is paying for something, it should try to spend taxpayer money as effectively as possible. But when it comes to building and fixing roads, the US is almost surely not getting as much as it pays for. Zachary Liscow, Will Nober and Cailin Slattery offer some […]
Softs Report – Friday, Aug. 9

Softs Report – Friday, Aug. 9

Photo by Trisha Downing on Unsplash  CottonGeneral Comments: Cotton was lower yesterday on a stronger US Dollar, and trends are still mostly down despite ideas of improving demand due to the cheaper prices. Getter crop condition ratings from USDA kept ideas of big production around. It looks like futures are cheap enough for now but […]
Rates Ready To Plunge?

Rates Ready To Plunge?

Amongst my watch lists is one I rarely bother viewing called Rates, where I’ve got 21 different interest rate charts. I wandered in there today and noticed something quite interest: rates seem to be forming their own very impressive topping patterns, similar to what happened before Covid.If these patterns complete – – and, for the government’s sake, I […]
Baby Boomers Vs. Greater Fools

Baby Boomers Vs. Greater Fools

Baby Boomers Versus Greater Fools The stock market has made many baby boomers wealthy, but a crash could make them poor. Now is not the time to risk lifetime savings. Stocks have earned a whopping 6% annual alpha over the past 15 years. Young investors have seen this extraordinary growth; they haven’t seen a big […]
AskSlim Market Week – Friday, Aug. 9

AskSlim Market Week – Friday, Aug. 9

Image Source: Unsplash  In this video, trading pro Steve Miller and his team share unique analysis and commentary on the financial markets.Video Length: 00:42:12More By This Author:AskSlim Market Week – Friday, July 19AskSlim Market Week – Friday, July 12AskSlim Market Week – Friday, June 14
American Express Co. DCF Valuation: Is The Stock Undervalued?

American Express Co. DCF Valuation: Is The Stock Undervalued?

As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, American Express Co (AXP).  ProfileAmerican Express is a global financial institution, operating in about 130 […]
Faced With Declining Employment Levels The Bank Of Canada Needs To Act Quickly

Faced With Declining Employment Levels The Bank Of Canada Needs To Act Quickly

Image Source: Pexels  Increasingly, the Canadian economy is weakening, as measures of employment growth have deteriorated for the past three months. The July labor force survey reveals an economy that no longer creates jobs.  At best the economy just treads water, and, at worst, is not providing job opportunities to wit: The private sector continues to shed jobs […]