The US CPI numbers reported on Tuesday, 13th May, extended the downward trend that began in mid-2022. As illustrated by the following chart, the year-over-year growth rate of the US CPI has just made...
The “Can’t Stop, Won’t Stop” Rally Last week, we discussed how the rally had repaired much of the previous damage following “Liberation Day.” However, we also made competing cases for the bulls and...
Market Overview: S&P 500 Emini Futures The S&P 500 Emini formed a weekly Emini strong reversal on the weekly chart. The bulls want a retest of the December 6 high and a breakout into new...
Week in Review: Optimism Begins to Fade as Consumer Sentiment Deteriorates Wall Street's main indexes were set to end the week on a high note, thanks to a temporary truce in the U.S.-China trade war....
It finally happened. Late Friday, Moody’s became the last of the Big Three to strip the U.S. of its AAA rating—cutting sovereign debt to Aa1 and citing the usual suspects: chronic deficits, rising...
This week: credit conditions, consumer sentiment, bulls and bull markets, fiscal things, credit risk, foreign flows, asset allocation, European stocks, and longer-term risk signals. Learnings and...
Mixed results from the latest release of retail sales data. Total sales in April came in better than expected at $724.1 billion, a gain of 0.1% for the month, and a new record high. Core sales (which...
As I wrote not long ago, investors must look beyond recent history to understand today’s markets. As we learned from The Great Depression, “The Kindleberger gap refers to this void of economic...
EUR/USD holds 1.1200 as bulls eye descending channel resistance. USD/JPY hovers above key 145.00 support with risks skewed lower. Gold bounces again from support, but $3270 needs to break to excite...
The S&P 500 and Nasdaq hurdled over their 200-Day Moving Averages, reclaiming positive territory on the year, backed by strong internals and improving economic sentiment. Moody’s downgraded the...