Short Rates Plunge, Fourth Turning, Meet the Djinn
Economic Reports: Retail Sales: -0.4% m/m [prior +3.1% m/m], contraction. Industrial Production: +0.0% m/m [prior +0.27% m/m], contraction CPI-Urban: +0.37% m/m [prior +0.51% m/m], inflation Producer Prices (Input): -0.47% m/m...
Banksters, bonds, and failure; the next pandemic dead ahead
I’m going to leave “economic reports” for later – why bury the lead (lede)? Silicon Valley Bank (SIVB) collapsed on Friday. Excuse me, what I meant to say was: US...
Market Updates
Market Updates
heavy trucks, silver, and endorphins
Four economic reports this week: Auto/Light Truck Sales: -6.2% m/m, heavy truck sales: -11.9% m/m. Durable Goods: new orders -4.5 m/m, prior +5.1% m/m, shipments -0.1% m/m. ISM Services Index:...
Market Updates
Market Updates
Rates & the buck move higher; guidance from the unvaxxed
There were three primary economic releases this week: New Home Sales Price: -38k [-8.91%] m/m, Home Supply 7.9 [-0.8 m/m]. Bearish. Personal Income: +0.6% m/m [prior 0.3%, expected 1.0%], PCE...
Market Updates
Market Updates
more mixed economic signals; woke cultural revolutions, and a better way
There were four main economic reports out this week: CPI (CPIAUCSL) +0.5% m/m [expected +0.4%], prior -0.1% m/m. Inflationary. Retail Sales (RSAFS) +3.0% m/m [expected +1.7%], prior -1.1% m/m. Expansionary....
