Stocks And Precious Metals Charts – Thankfulness
The Fed minutes noted that inflation remains persistently subdued. No surprise there, since top down stimulus to my knowledge has never worked, and is certainly not doing anything now except distorting the economy and straining the social fabric. So lets pass a massive tax cut that favors, to a remarkable degree, the already wealthy. Peak […]
Recapping The Fed Minutes And An Update On Oil
Chris Temple joined me after the Fed minutes were released to recap some of the points that he noted. We discuss the ongoing inflation debate within the Fed and the changing of the guard with a number of seat switching next year. We also look at the oil price which continues to move up ahead […]
The Natural Gas Gap Is Finally Filled
Make it 8 of the last 9 (and now 3 straight) days that prompt month natural gas prices have moved lower. Finally, prices were able to fill the gap below them, just before traders headed out for the Thanksgiving Holiday. We had been all over this gap, alerting clients in our Weekly Natural Gas Report […]
What Spot In The Yield Curve Is Likely To Invert First?
The yield curve has flattened considerably over the last year. Will it invert? Where? The following chart explains. US Treasury Yields 5-Year Duration and Shorter I created that chart last night. Today today’s Plunge in Durable Goods Orders, the yield on 2-year treasuries fell 4.1 basis points to 1.735%. The yield on 3-year treasuries fell 4.6 […]
EUR/USD – Back To 1.20?
EUR/USD will be the main focus for the next 48 hours with November PMIs scheduled for Thursday release followed by the German IFO report on Friday. Marginally firmer data is expected for Germany and softer numbers are expected for France but with industrial production and factory orders falling over the past month, we believe […]
Energold Drilling – 3Q 2017 Results
Yesterday Energold Drilling released its 3Q 2017 report. Firstly, let me look at the drilling prices reported by two Energold’s main divisions: Mineral and Energy: source: Simple Digressions The chart on the left shows mineral drilling prices. And it is easy to spot that in 3Q 2017 the prices went up but the increase was much less […]
November 2017 FOMC Meeting Minutes: Again Much Talk About Inflation
The 01 November 2017 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was considerable discussion on inflation, and an interesting quote: … several participants expressed concern that the persistently weak inflation data could lead to a decline in longer-term inflation expectations or […]
The “Real” Goods On The October Durable Goods Data
Earlier today the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
Should You Buy The Beaten Down Blue-Chip Stocks?
Audio Length: 00:14:14 Not everything is gumdrops and roses for every stock right now, despite the indexes hitting new all-time highs. Some large-cap names have sold off in 2017, including a couple that have hit multi-year lows. Value Stocks Are More Than the Chart Value investors buy stocks trading at a discount to their earnings. […]
Seeking Value In An Expensive World
Written by David Rosenberg, Chief Economist & Strategist, Gluskin Sheff Well, it’s hard to believe that it’s been a year since Donald Trump got elected, and at least the good news is that we’re still alive. All kidding aside, the question I’ve been fielding ever since November 8th of last year and to this day is how […]
