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:
Americans Have Spent All Of Their Pandemic Savings And Then Some
Talking heads and politicians laud the “resilience” of American consumers. They managed to keep spending despite rapidly rising prices thanks to post-pandemic price inflation.But these pundits and politicos rarely talk about how Americans have weathered the inflationary storm. When you look at the big picture, it’s not a story of resilience but one of desperation.In […]
State Employment Report For August
Unemployment rises in many states, but so does employment (NFP) growth (report).Here’s the diffusion index (mean at 25) for 3 month unemployment rate change.Source: WellsFargo, 20 Sept 2024. The dashed line is Wells Fargo’s assessment of the threshold for national recession based on this indicator.How’s nonfarm payroll employment doing? Here’s the m/m change, by state. Source: WellsFargo, […]
5 Sector ETFs Scaling New Highs On Fed Rate Cuts
Image Source: Pixabay Wall Street rallied, buoyed by the first interest rate cut since 2020 to address slowing economic growth. The S&P 500 and the Dow Jones hit new all-time highs and topped 5,700 and 42,000 milestones, respectively, for the first time on Thursday. The S&P 500 and Dow Jones rose 1.7% and 1.3%, respectively. The […]
Bucking Gold Repatriation Trend, Argentina Sends More Gold To London
Image Source: Pixabay In July, the Central Bank of Argentina (BCRA) shipped another 3 tonnes of gold to the U.K. to swap for foreign exchange. A month prior, BCRA also transported 3 tonnes to the U.K. BCRA is now estimated to have 37 tonnes (60% of Argentina’s gold reserves) on swap in the London Bullion Market. […]
Bank Deposits And Money-Market Funds See Sizable Outflows As Stocks Surge
For the first time in seven weeks, money market funds saw net outflows last week (-$20BN) – the largest weekly outflow since June…Source: Bloomberg The outflow was dominated by a major institutional drawdown (-$25BN) as Retail funds saw inflows yet again…Source: Bloomberg US Bank Deposits (seasonally-adjusted) also saw outflows in the week ending 09/11 (-$9.3BN), the first weekly outflow […]
BNY Mellon may have received SEC approval to custody Bitcoin and crypto assets
Key Takeaways BNY Mellon received a variance from SEC’s SAB 121 for crypto custody. BNY Mellon’s crypto custody plans signal major institutional shift. Share this article BNY Mellon, America’s largest custodian bank, appears to have received SEC approval to offer institutional crypto custody services, according to testimony at a Wyoming public hearing.Testimony from Chris Land, […]
Q3 Earnings Loom: What Can Investors Expect?
Image Source: Pexels The FedEx (FDX – Free Report) disappointment likely has some company-specific aspects, but it is reasonable to see this report as providing a read-through for the broader economy that has shown signs of moderation lately. In fact, these signs of macroeconomic softness prompted the U.S. Fed to come out with a bigger interest rate than many in […]
The Fed Just Put All The Bulls On Notice
Image Source: Pixabay Triple-witching – the September event is coming hot on the heels of our 50bp rate cut. Trillions in notional value in derivatives expired today.If you were expecting fireworks… sorry, you didn’t really get them. Normally a triple-witching afternoon sees a massive jolt of volatility, but we didn’t see that today even around an […]
Stocks And Precious Metals Charts – The Consumption Of The Ages
Gold and silver gave us some clean breakouts today, and went out near the highs. The dollar chopped sideways again, finishing marginally higher.VIX fell.The major indices gave back a little ofyesterday’s meteoric rally. “Great designs have linear consequences. Bad designs have exponential consequences.”Have a pleasant weekend. More By This Author:Stocks And Precious Metals Charts – Deceitful Children […]
First Dissent Since 2005 Shows Total Lack Of Diversity At The Fed
Every month, a parade of Fed governors offer their views on the economy in various speaking outlets. In those speeches, the Fed presidents may seem diverse in opinion but it’s an orchestrated charade.When the Fed meets to set monetary policy, dissents are measures by months, but by years. The last dissent at a meeting was […]
