Fed Rates, Dollar Reacts PREVIEW There were three important economic reports this week: Retail Sales (RSXFS): -0.59% month over month, prior +1.29% m/m. Negative, especially the month before Commercialized Christmas. Industrial Production (INDPRO): -0.22% m/m, prior +2.45%. Negative. Consumer Price Index (CPIAUCSL); +0.10% m/m, prior +0.44%. Falling energy prices are mostly responsible for the decline. Unlike last week, this picture… Fed Rates, Dollar Reacts PREVIEW There were three important economic reports this week: Retail Sales (RSXFS): -0.59% month over month, prior +1.29% m/m. Negative, especially the month before Commercialized Christmas. Industrial Production (INDPRO): -0.22% m/m, prior +2.45%. Negative. Consumer Price Index (CPIAUCSL); +0.10% m/m, prior +0.44%. Falling energy prices are mostly responsible for the decline. Unlike last week, this picture…
Gold, Labor Shortages, Rate Increases; Musk: A Case Study PREVIEW On the week, gold fell 10.50 [-0.58%] to 1800.20. All of the losses happened on Thursday. The candle print was mildly bearish, but gold remains above the MA50 and the MA200. Gold does appear to have run into a little bit of trouble. Perhaps this is hinting about a potential low in the buck? Open… Gold, Labor Shortages, Rate Increases; Musk: A Case Study PREVIEW On the week, gold fell 10.50 [-0.58%] to 1800.20. All of the losses happened on Thursday. The candle print was mildly bearish, but gold remains above the MA50 and the MA200. Gold does appear to have run into a little bit of trouble. Perhaps this is hinting about a potential low in the buck? Open…
Oil Makes a 12-Month Low; Guidance from Col. Hackworth PREVIEW There were a pair of economic reports this week: The Producer Price Index by Commodity (PPIACO): -0.72% month over month (m/m), +9.07% year over year (y/y). Producer price inflation is falling – it is less than half of what it was at the peak (23%) in October, 2021. Durable Goods: Orders +1.06% m/m, New Orders:… Oil Makes a 12-Month Low; Guidance from Col. Hackworth PREVIEW There were a pair of economic reports this week: The Producer Price Index by Commodity (PPIACO): -0.72% month over month (m/m), +9.07% year over year (y/y). Producer price inflation is falling – it is less than half of what it was at the peak (23%) in October, 2021. Durable Goods: Orders +1.06% m/m, New Orders:…
Labor Force Shortfall; The Dunning-Kruger WEF PREVIEW There were a large number of economic reports this week, headed by Payrolls, which were released on Friday, at 8:30 a.m. Eastern time: Nonfarm Payrolls: headline +261k, expected +200k; new high, positive. Personal Income: +0.70% month/month (m/m) (prior +0.40 m/m); new high, positive. Auto/Light Truck Sales: +9.17% m/m; positive and recovering from a sharp dip…. Labor Force Shortfall; The Dunning-Kruger WEF PREVIEW There were a large number of economic reports this week, headed by Payrolls, which were released on Friday, at 8:30 a.m. Eastern time: Nonfarm Payrolls: headline +261k, expected +200k; new high, positive. Personal Income: +0.70% month/month (m/m) (prior +0.40 m/m); new high, positive. Auto/Light Truck Sales: +9.17% m/m; positive and recovering from a sharp dip….
Good News for Metals; A Mafia Operation PREVIEW The buck fell 0.91 [-0.85%] to 105.92 on the week; most of the damage happened on Monday and Tuesday. While the buck remains (barely) above the 200 MA, this week marks a new 4-month closing low. Is the dollar rally over? I’ll show you a monthly of the buck this week – it might provide… Good News for Metals; A Mafia Operation PREVIEW The buck fell 0.91 [-0.85%] to 105.92 on the week; most of the damage happened on Monday and Tuesday. While the buck remains (barely) above the 200 MA, this week marks a new 4-month closing low. Is the dollar rally over? I’ll show you a monthly of the buck this week – it might provide…
Recession Indicators; General Winter Arrives PREVIEW There were three big economic reports this week: Retail Sales (RSXFS): +1.26% m/m Industrial Production (INDPRO): -0.11% m/m Producer Prices (PPIACO): -1.3% m/m Mostly, producer prices = energy, which is down from peak. Retail sales were strong, except for clothing which was flat. Industrial production was basically flat also. I have a pair of models… Recession Indicators; General Winter Arrives PREVIEW There were three big economic reports this week: Retail Sales (RSXFS): +1.26% m/m Industrial Production (INDPRO): -0.11% m/m Producer Prices (PPIACO): -1.3% m/m Mostly, producer prices = energy, which is down from peak. Retail sales were strong, except for clothing which was flat. Industrial production was basically flat also. I have a pair of models…
Dollar Crushed; Apology for America PREVIEW The buck was crushed this week, plunging -4.61% to 106.16, moving lower four days out of five. The bulk of the losses came after the Consumer Price Index release around 8:30 a.m. Eastern on Thursday, which showed a slightly lower rate (+0.44% m/m) than expected, and then on Friday, there were hints from the Chines… Dollar Crushed; Apology for America PREVIEW The buck was crushed this week, plunging -4.61% to 106.16, moving lower four days out of five. The bulk of the losses came after the Consumer Price Index release around 8:30 a.m. Eastern on Thursday, which showed a slightly lower rate (+0.44% m/m) than expected, and then on Friday, there were hints from the Chines…
Higher for Longer; Hints of Panic PREVIEW The Elite’s narrative is breaking on many fronts Higher for Longer; Hints of Panic PREVIEW The Elite’s narrative is breaking on many fronts
Tech Issues; Fourth Turning Cycle Timing PREVIEW This week, it was the European Central Bank’s turn to raise rates, this time by 75 basis points to yield a massive 1.5% for deposits. Just kidding about the massive part. The ECB has a lot of rate-increasing to do to catch up with the Fed, but the currency moves this week seemed to hint… Tech Issues; Fourth Turning Cycle Timing PREVIEW This week, it was the European Central Bank’s turn to raise rates, this time by 75 basis points to yield a massive 1.5% for deposits. Just kidding about the massive part. The ECB has a lot of rate-increasing to do to catch up with the Fed, but the currency moves this week seemed to hint…
Back to the 1970s; Victory Disease PREVIEW The buck fell this week, dropping 1.22 [-1.08%] to 111.98. Most of the damage happened on Friday. The candle print was bearish, and the buck closed back below its 9 MA – although it remains above the 50, which is where it has spent most of its time during 2022. Buck remains in an uptrend,… Back to the 1970s; Victory Disease PREVIEW The buck fell this week, dropping 1.22 [-1.08%] to 111.98. Most of the damage happened on Friday. The candle print was bearish, and the buck closed back below its 9 MA – although it remains above the 50, which is where it has spent most of its time during 2022. Buck remains in an uptrend,…