Category Archive: Finance, No picture
Apple And Amazon $1 Trillion Market Cap: What Is That Telling Us About The Markets
Allison Ostrander, Director of Risk Tolerance and Options Trader Specialist at Simpler Trading is a new guest to the show. I came across her work very recently and like what she had to say about a wide range of markets. In this segment, we discuss the $1 trillion market caps of Apple and Amazon and […]
Massive Deficit Spending Greenlights Waste, Fraud, Profiteering And Dysfunction
America’s problem isn’t a lack of deficit spending/consumption. America’s problems are profoundly structural. The nice thing about free to me money from any source is the recipients don’t have to change anything. Free money is the ultimate free-pass from consequence and adaptation: instead of having to make difficult trade-offs or suffer the consequences of profligacy, the recipients of […]
Trump To Proceed With $200BN More In China Tariffs Despite Talks; Stocks Tumble
So much for the optimism that followed the WSJ report that the Trump administration is willing to offer China an olive branch in trade talks in hopes of avoiding further escalation (and which pushed the S&P back over 2,900). Moments ago Bloomberg reported that President Trump has instructed aides on Thursday to proceed with tariffs on […]
S&P 500 Maintains Solid Trend, Can The DAX And FTSE Follow Higher?
S&P 500 This coming week is a quiet one on the data front, with no ‘high’ impact releases on the schedule. Trade war headlines from time-to-time have looked to take stocks lower (as was the case on Friday when it was reported Trump gave the go-head on $200 bln tariffs on China), but at this […]
Inflation: An X-Ray View Of The Components – Friday, September 14
Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. Also included are the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in Housing and Transportation. We can make some inferences about how […]
Retail Sales Weaker Than Expected, July Revised Up, Large Y-o-Y Amazon Impact
Retail sales only rose 0.1% in Aug, but July was revised from +0.5% to +0.7%. Amazon impact stands out year-over-year. The U.S. Census Bureau’s Advance Estimates of U.S. Retail and Food Services Sales report for August 2018 shows unexpected weakness as retail sales rose only 0.1% vs the consensus estimate of 0.4% The noticeable standout in this […]
EUR/USD Begins Test Of Key Resistance, USD Bounces From Monthly Lows
NEXT WEEK’S CALENDAR CALMS, BUT WILL EURO BULLS, DOLLAR BEARS SHOW THEIR HAND? This week’s economic calendar was rather heavy, particularly Thursday, and this leaves FX markets in a state of limbo as we lead into a quieter calendar for next week. The big question surrounding FX markets at the moment concern two of the […]
The Big Four Economic Indicators: Industrial Production Up 0.4% In August
Note: This commentary has been updated to incorporate the August data for Industrial Production. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, […]
The Dollar Is Central To The Next Crisis
Introduction and summary It is now possible to pencil in how the next credit crisis is likely to develop. At its centre is an overvalued dollar over-owned by foreigners, puffed up on speculative flows driven by interest rate differentials. These must be urgently corrected by the European Central Bank and the Bank of Japan if […]
Import Prices Unexpectedly Drop 0.6%, Most In 18 Months: Export Prices Drop 0.1%
Import prices fell 0.6%. Economists expected a 0.1% decline. Export prices fell 0.1%. Economists expected a 0.2% rise. The BLS report on Import and Export Prices surprised economists with unexpected declines. Import Prices Key Points Synopsis*: Import prices declined 0.6 percent in August, the largest monthly drop since the index fell 1.3 percent in January 2016*. The […]
