Archives by Month:
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
“Yellen Rebuffs Trump Argument On Dollar Hurting US Manufacturing”
That’s a title of an article by Christopher Condon, in Bloomberg a few days ago. What’s the evidence? Figure 1 shows the typically referenced CPI deflated trade weighted dollar.Figure 1: CPI deflated trade weighted dollar (blue), and unit labor cost deflated trade weighted dollar (tan). NBER defined peak-to-trough recession dates shaded gray. Source: OECD via FRED.The unit labor […]
Markets, Please Exit To Safety In An Orderly Fashion
Image Source: Pexels The “feel” of the market is strange right now. It feels like someone saw a fire and pulled the alarm… but investors are essentially treating it like a fire drill.We’re not seeing panic, chaos, mass capital destruction – just a big selloff of marquee names like Nvidia on the Nasdaq. Stocks like NVDA, […]
Desperately Seeking Plunge Protection
Image Source: Pexels Investors scrambled into damage control mode on Thursday as stocks took a brutal beating. The sell-off was driven by weak economic data and another sharp decline in chip stocks, spreading losses across all three major indexes. This plunge came just a day after the Federal Reserve decided to hold rates steady, to a […]
Market Talk – Thursday, Aug. 1
Image Source: Pixabay ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 975.49 points or -2.49% to 38,126.33 Shanghai decreased 6.36 points or -0.22% to 2,932.39 Hang Seng decreased 39.64 points or -0.23% to 17,304.96 ASX 200 increased 22.40 points or 0.28% to 8,114.70 KOSPI increased 6.99 points or 0.25% to 2,777.68 […]
Stocks Fall As Recession Fears Resurface
The Dow dropped 494 points on Thursday, while the Nasdaq and S&P 500 also pivoted lower, brushing off yesterday’s best day since February. Investors were concerned that interest rate cuts may come too late to skirt a potential recession, with a worse-than-expected ISM manufacturing index signaling economic contraction.Those fears sent the 10-year Treasury yield surging to its highest level […]
Apple Pumps And Dumps As IPad Sales Help Topline Beat, But China Revenues Tumble
Image Source: Unsplash With most of the mega techs having already released earnings – with most disappointing and seeing their shares slide – all eyes were on the last Mag7 to report during the heart of earnings season (there is still Nvidia, but due to a calendar quirk that’s not for a month) which is also the company […]
Micro/Small Cap AI Stocks Portfolio Up 14% In July; Now Up Marginally YTD
Image Source: Unsplash Introduction Only 2 of the 10 constituents in our Micro/Small Cap AI Stocks Portfolio declined in July and, as a result, the Portfolio went UP 13.5% vs. only a 3.2% increase in June. Below are the performances of each of the constituents in July, in descending order, and YTD along with a description of the […]
MicroStrategy boosts BTC holdings with $805M acquisition in Q2
Key Takeaways MicroStrategy acquired 12,222 bitcoins at an average price of $65,882 each during Q2. The company reported a net loss of $102.6 million due to significant digital asset impairments. Business intelligence firm MicroStrategy acquired 12,222 bitcoins for $805.2 million since the start of Q2 2024, bringing its total holdings to 226,500 BTC at an […]
$35 Trillion, The PetroDollar, And Dying Western Influence
Image Source: Unsplash The ‘news’ is agog the United States’ national debt just crossed yet another ugly milestone. $35 trillion. Long-time readers of this (and many other columns) know this milestone was just a matter of time. And, speaking of time, the situation is now in what we call the compression phase. In 2016, the national […]
Commercial Construction Spending Is Down 9 Consecutive Months
Data from Census Department, chart by MishConstruction spending reports are so horribly lagging that I stopped commenting on the for a while.But interesting trends are underway. Also, these late reports will influence GDP revisions.So I created some new chart this month to show what’s going on.Negative RevisionsThe June Construction Spending report was a disaster.The Bloomberg Econoday consensus […]
