A major shift in Fed thinking
Today’s note may very well be one of the most important in my career.
Read MoreToday’s note may very well be one of the most important in my career.
Read MoreThe U.S. and the world have literally tried to fix an excessive amount of debt by causing exponentially more debt (Figure 1). For the better part of the last…
Read MoreFollowing a week that displayed better-than-expected Q2 earnings, we will see a number of significant economic events this week. Most importantly, the long awaited FOMC Rate Decision will be…
Read MoreThere really wasn’t anything this week that would change our view the market is likely in the process of a near-term correction that should provide for a better entry…
Read MoreU.S. Gross Domestic Product (GDP) growth slowed in the second quarter but not as much as expected.
Read MoreThe four major indices in Figure 1 all traded lower today with the S&P 500 (SPX) down -0.53%. The attention today was on slightly disappointing earnings as well as…
Read MoreAt the ECB Press Conference today, the Governing Council decided to keep key ECB interest rates unchanged, but have taken a strong dovish pivot in terms of guidance. They…
Read MoreBearish individual investor sentiment rose back above bullish sentiment in the latest poll.
Read MoreMarkit’s preliminary US PMI report showed business activity in the manufacturing sector remained stagnant in July with Manufacturing PMI dropping to 50 in July from 50.6 in June. This…
Read MoreFor the month of June, sales rose 7.0% m/m, to a 646k annual rate.
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