Mother Nature must be a natural gas bull, as after selling later last week the front of the natural gas strip rallied today on colder long-range forecasts over the weekend. The November contract spiked around 2.5%, with much of that
October 15, 2018
Recent data about the Chinese auto market indicates a 7 year high drop in monthly auto sales, indicating much more than seasonal weakness in auto demand. The three-month downturn in auto sales in China is a negative factor for global
Note: With the release of September Retail Sales and the Consumer Price Index, we’ve updated this commentary to include the latest Real Retail Sales. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague
Whether or not any central banker chooses to appreciate the fact, money is an important economic tool. Before it ever gets to be a store of value, there has to be some correct supply so as to become a medium
In today’s world, where politics take up the majority of news cycles and there is an ongoing war of words between the two major political parties, I decided for this letter to replace our often used phrase “conservative investor” with
Video length: 00:12:21 Ira Epstein’s end of day financial markets video, covering the events related to the death of Saudi journalist Jamal Khashoggi; the inflated Italian budget; Brexit, soybeans, gold, crude oil and more.
Sears Holdings Corporation (SHLD), the parent of Kmart and Sears, Roebuck and Co., used to be the leading home appliance retailer in North America and a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and
There was no real surprise to see the gains from Friday come back a little as Thursday’s lows play a siren song. The most likely outcome is a consolidation pennant as prices focus off last week’s lows – this might
The third quarter of the year is in the books. The S&P 500 returned 7.7% for the quarter, its best quarterly performance in nearly five years. The rally was broad-based, according to the Select Sector SPDR exchange-traded funds (ETFs) that
I keep hearing that although Trump is a scoundrel or worse, at least he’s presiding over a great economy. As White House economic adviser Larry Kudlow recently put it, “The single biggest story this year is an economic boom that
