Short But Not Sweet

Short But Not Sweet

It was bound to happen sooner or later given the weakness, and we started to see it this week as individual investors grow increasingly nervous. In this week’s sentiment survey from AAII, bearish sentiment ticked up to its highest level since February 2016.    
Will 2019 Be The Year Of Economic Collapse?

Will 2019 Be The Year Of Economic Collapse?

iStock.com/RED_SPY Investors’ Addiction to Low Interest Rates Will Trigger Economic Collapse in 2019 The interest rate alone cannot explain why 2019 could trigger a global economic collapse. The first hint of trouble came when Janet Yellen left the Federal Reserve in February 2018. The new chair, Jerome Powell, sped up the process of lifting rates from […]
Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude

Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude

The first time oil tumbled two weeks ago when it crashed by 7%, Goldman – which has been telling its clients to keep buying crude all the way down from $80 – blamed it on “negative convexity” and other arcane reasons because the far simpler explanation, more supply, less demand, would be just too obvious for its […]
Fight The FUD

Fight The FUD

Traditional Markets Today was expected to be a rather quiet day in the markets yet somehow the Asian session managed to descend into chaos. The China50 index dropped 1.5% (left) to the bottom of the range (right) that’s been building up for months.  Thankfully, the European session is holding up well with most major indices up […]
Trucking Improved In October 2018

Trucking Improved In October 2018

Headline data for truck shipments similar trends and growth rates. Analyst Opinion of Truck Transport I tend to put heavier weight on the CASS index which continues to show a strong and upwardly trending rate of growth improvement year-over-year. However, this month the CASS rate of improvement is 6.2 % YoY whilst the ATA is […]
Chinese Stocks Tumble On Report Trump Asks Allies To Boycott Huawei

Chinese Stocks Tumble On Report Trump Asks Allies To Boycott Huawei

An explosive report published early last month detailing how Chinese intelligence managed to infiltrate hardware used by dozens of US companies and government agencies, from Apple to the Department of Defense, made clear one simple, if disturbing, fact: The US is losing the race to contain China’s sprawling intelligence apparatus as it becomes increasingly embedded in the […]
The Self-Righting Ship – Debt, Inflation And The Credit Cycle

The Self-Righting Ship – Debt, Inflation And The Credit Cycle

Source: Stromness Lifeboat The first self-righting vessel was a lifeboat, designed in 1789. It needed to be able to weather the most extreme conditions and its eventual introduction (in the 1840’s) transformed the business of recuse at sea forever. The current level of debt, especially in the developed economies, seems to be acting rather like […]
How President Trump Is Undermining U.S. Oil Producers

How President Trump Is Undermining U.S. Oil Producers

President Trump recently took credit for the plunge in oil prices since early October. As I noted in a recent article, it’s true that the President’s actions have contributed to the drop in oil prices, but at a cost that has been largely ignored. This week the President decided to share the credit for lower oil prices on […]
Euro Is Down Against The Major Currencies After The German And Eurozone Data

Euro Is Down Against The Major Currencies After The German And Eurozone Data

  The euro fell sharply in morning trade with data in the euro zone as data showed that private sector growth in Germany, the eurozone and German GDP. The private sector in the euro area is at its lowest pace in four years The eurozone private sector grew at its slowest pace in nearly four […]
WTI Crude Oil And Natural Gas Forecast – Friday, Nov .23

WTI Crude Oil And Natural Gas Forecast – Friday, Nov .23

WTI Crude Oil While it was Thanksgiving Day in the United States, there are a lot of traders around the world that have been involved during the day. Volume may not be that high, but it does suggest that a trader still believe that the $55 level is going to be resistance. That was an […]