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Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark yo...
International Economic Data Normally, I divide the data along geographic lines. As this was a very light week of data, I'll simply list the key developments by country. Mexico Retail sales increased by 2.1% Y/Y Unemployment at 3.7% CPI at 3.16% EU Consume...
Market Review & Update Friday morning stocks rose as optimism over "trade" seemed to "trump" the ongoing antics in Washington as Democrats are once again trying to find a "smoking gun" to impeach the "Trumpster." Then, the market tanked, as Bloomberg reported the White House is...
Image Source The Fed Won't Help You When The Bear Market Arrives In my prior macro article regarding the S&P 500 ( SP500 )/SPX, “ Fed Watch: What to Expect Going Forward ,” I proposed several scenarios on how the S&P 500 and various other markets will likely react...
Initial jobless claims continue near expansion lows I've been monitoring initial jobless claims closely for the past several months to see if there are any signs of stress. This is because the long leading indicators were negative one year ago, and many - but not a majority - of the short ...
By Robert Eisenbeis The week of September 16 saw the Federal Reserve Bank of New York inject funds into the repo market in response to an unusual spike in rates that was above the initial target range for the federal funds rate of 2.0-2.25%. (The target rate was lowered to 1.75-2.00% after...
This website is, to a large degree, about impeachment and impeaching bad ideas out of the worlds of finance and economics. So, here are some impeachable ideas I've been thinking about lately: 1) Market Cap Weighted Index Funds are "immoral". WHAT? Here's an article on MarketWatch where s...
By James Knightley, Chief International Economist US durable goods orders are an important signal of what is going on in corporate America and unfortunately, the recent readings haven't been encouraging. Headline orders were firmer than expected, rising 0.2%, but we focus on the so-cal...
Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...
Since the passage of "tax cuts" in late 2017, the surge in corporate share buybacks has become a point of much debate. As I previously wrote , stock buybacks are once again on pace to set a new record in 2019. To wit: "A recent report from Axios noted that for 2019, IT companies are aga...