The mighty dollar’s persistent strength is the biggest story of the day. The greenback’s broad based gains can be attributed entirely to the upward drift in Treasury yields and President Trump’s promise of lower corporate taxes. Paul Ryan got
September 13, 2017
As the debate rages about what effect hurricanes Irma and Harvey will have on the incoming economic data and, perhaps more importantly, the extent which any negative impact will not only prove transitory, but will in fact turn into a
The impact of Hurricane Harvey on the Gulf energy region is becoming clear. There have been no surprises to date, even though the storm did considerable damage and shuttered or disrupted significant capacity. Most of that related to gasoline, which
With the dollar moving up today Doc and I take another look at the weekly chart to assess if this is the start of a dollar run. Overall, however, we are still skeptical that the dollar can make it back
The shares of Finish Line (FINL) are rallying after research firm Susquehanna upgraded the athletic apparel retailer to Positive from Neutral. The firm thinks there is a 75% chance that Finish Line will be acquired, most likely by U.K.-based sporting
There’s no sign of that happening just yet, but we have seen our share of moves to new all-time highs, only to see stocks get crushed in the days that follow. So, even with the market doing well right now,
The September FOMC meeting starts on Tuesday next week. Odds are good that they either announce QT (Quantitative Tightening) or flag its impending arrival. As I previously outlined, there is an increasing case for the Fed to implement its previously announced plans for
While asset-gatheres and commission-takers are celebrating the record highs in stocks – after the world did not end last weekend – UBS Technical Analyst team is a little less sanguine, fearing that this move to new record highs in the S&P
Yes, this time it’s different: all the foundations of a healthy economy are crumbling into quicksand. The rallying cry of Permanent Bulls is this time it’s different. That’s absolutely true, but it isn’t bullish–it’s terrifically, terribly bearish. Why is this time it’s different bearish going
