Target Shares Dive To Lows As Blog Post Tips Price Cuts On ‘Thousands Of Items’
Target is apparently being forced to respond to the deflationary supernova that is this guy… Because just a little over a week after Amazon made good on its promise/threat to cut prices at Whole Foods, Target says in a blog post that it’s lowering prices on thousands of items. TARGET SAYS IT’S LOWERED PRICE ON THOUSANDS OF […]
Planes, Trains, And Hurricanes
As if dealing with Harvey wasn’t enough, Hurricane Irma (his not so distant cousin) has already wreaked havoc along its path through the Caribbean. It now looks to do a lot more damage. Hurricane Jose, Irma’s younger brother, is also lurking. In fact, Irma is heading right to Florida, targeting President Trumps federally insured Mar […]
RecessionAlert Weekly Leading Index Update – Sunday, Sept. 10
The latest index reading came in at 17.8, down from 19.2 the previous week. The RecessionAlert Twitter Feed, @RecessionAlert2, had an interesting observation about the indicator levels in February. RecessionAlert has launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, […]
Forex Forecast: Pairs In Focus This Week – Sunday, Sept. 10
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Will Gold Break Out Of Sideway Trading?
Since July 11, gold has been in a short-term upward trend. The yellow metal has gained more than 8 percent since then until the end of August, mainly thanks to the depreciation of the U.S. dollar, as one can see in the chart below. Chart 1: Gold prices (yellow line, left axis, London P.M. fix) […]
Gold Rolls Higher On Casters Midst Natural Disasters
Given a world rife these days with natural disasters, from hurricanes Harvey and Irma, to Mexico’s monstrous quake and the madman of the NorK, Gold continues to roll higher, now having recorded “higher highs” in seven of the past eight weeks. High times indeed, for as in the above panel we see that Gold is […]
GDPNow Vs. Nowcast: When Will Hurricane Adjustments Take Place?
On Friday, GDPNow and the FRBNY Nowcast both posted third-quarter GDP estimates. GDPNow stands at 3.0%. The Nowcast is at 2.1%. Inquiring minds may be wondering what Hurricanes Harvey and Irma will do to their models. First, let’s review the latest forecasts. GDPNow Forecast: 3.0 Percent — September 8, 2017 The GDPNow model forecast for real GDP growth (seasonally […]
GBP/USD Forecast Sep. 11-15
GBP/USD had a tense week amid tense Brexit negotiations but came out on top. The upcoming week features top-tier inflation and jobs indicators, as well as the BOE decision. Here are the key events and an updated technical analysis for GBP/USD. The pound enjoyed the talk about a soft Brexit, but perhaps more importantly, a weak US […]
History Shows, Buy QQQ And Sell KRE On Monday
For the Modern Family, Friday was not much more than a continuation of the consolidation that had been going on since Tuesday. There were some notable exceptions like IYT which had a strong day on Friday, closed of the day and the high of the week and over its 50-DMA. Acually, a strong Friday is […]
ECRI Weekly Leading Index: WLI Down
The latest release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 141.8, down from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.69%, down from 4.36% last week. The WLI Growth indicator is now at 0.9, also down from the previous week. “Finding […]
