Forecasts for the University of Michigan Consumer Sentiment predicted the preliminary October release to increase to 100.5 from last month’s 100.1. This morning’s release missed forecasts, falling to 99.0. While this is below previous levels, it is important to note that it is
October 12, 2018
I was going to leave well enough alone on Friday when it comes to whether the technical selloff on Wednesday and its less dramatic sequel on Thursday together presage something ominous into year-end. But reader feedback over the last few
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 148.6, down from the previous week’s 149.1. Year-over-year the four-week moving average of the indicator is now at 2.84%, down from last week.
With the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun? It’s hard to say for certain. But the systemic cracks we’ve been closely monitoring definitely got an awful lot wider
A weak broader market impeded the generous flow of funds from the Pentagon to U.S. defense contractors last week. Notably, the Wall Street took a hit on Oct 10, which reflected in the markets’ worst fall in more than eight
Five years after we first reported on the “Goldman whistleblower” at the NY Fed, Carmen Segarra, the former bank examiner is out with a new book based on more than 46 hours of secret recordings. “Noncompliant: A Lone Whistleblower Exposes the Giants
Biggest Weekly Decline Since February Stocks were smacked last week as fear spread that the Federal Reserve will tighten rates faster than initially expected. I urge people to be careful and not blindly follow the public narrative all the
Biggest Weekly Decline Since February Stocks were smacked last week as fear spread that the Federal Reserve will tighten rates faster than initially expected. I urge people to be careful and not blindly follow the public narrative all the
