When production does finally collapse, that will set up the “nobody saw this coming” ramp in the price of oil. In May 2008 I proposed the Oil “Head-Fake” Scenario in which global recession pushes oil demand down as oil exporters pump
September 8, 2015
A massive amount of economic announcements Looking at the session on Wednesday, there are so many different economic announcements that we believe this could very well be the most important day of the week. We have several announcements coming out
Let us begin with this: there is nothing inherently healthy about a series of +2% and -2% days within a range. Having some grey hair (just a little!) is helpful in times like these because markets go through repetitive phases
For those investors who thought there might be a quick V-bottom recovery in the markets like we saw last October, they have been sorely disappointed. Last week, the Dow Industrials fell -3.2%, the S&P 500 large caps fell -3.4%, the
“Davidson” submits: Last week Aug Vehicle Sales pace were reported at 17.7mil SAAR (Seasonally Adj. Annual Rate) and this morning the Household Survey (Emp) came in at 149,036,000 employed or 196,000 above the July 2015 count-see the chart below. Great
The Fed would very much like to see calm and stable markets as it considers its first interest rate increase off the zero bound on September 16-17 next week. Let’s see if they can get what they want, one way
Overheard in China last night… It all started with China… after dropping 100s of billion of Yuan to “stabilize” the market already, why not do some more… On the lowest volume EVER!!! Japanese stocks were utterly insane!!! And everything lifted
http://www.bloomberg.com/news/articles/2015-09-08/china-s-stock-rescue-tab-surges-to-236-billion-goldman-says
(UPDATE: I wrote this post during Labor Day, the holiday; more proof of Gartman’s power can be seen here, which happened after I wrote the post, when Gartman went strongly bearish; all the markets, of course, exploded higher immediately thereafter.
A Chicago Fed report investigates Job Switching and Wage Growth. People generally switch jobs by quitting (rather than losing) their previous job. Furthermore, the vast majority of people observed quitting their job tend to move directly to a new job, rather
