Tuesday’s Consumer Confidence report for the month of March showed a moderately larger than expected decline from February’s multi-year high. While economists were forecasting the headline index to rise to 131.0 from last month’s initially reported reading of 130.8, the
March 27, 2018
Ahh-the good ‘ole days… When everyone loved Facebook; Google was all the rage, and every dip was a buy opportunity. Those were the Year of the Fire Rooster days. In 2017, when we learned that each male rooster requires 10-12 hens per
The Media blamed Facebook for today’s woes but really the damage was done in January when Large Cap indices sold off and today was the turn of profit takers to take a shot at those high flying Tech Indices. Markets
In this week’s edition we look at how monetary policy interacts with high yield corporate credit spreads – particularly relevant in the wake of the latest rate hike, then we also look at the TED spread and what it might
Friday morning, the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the
The whole energy complex tumbled today (as the usd strengthened) amid the risk off rout, and extended losses after API reported an unexpectedly large crude build. “Oil prices gained and now they’re testing this key resistance level” of the January high,
Tesla Inc. (Nasdaq:TSLA) stock tumbled another 4% on Tuesday after a long-time bear built a case for it to slide even further. He feels a Tesla bankruptcy is imminent. Although TSLA remains above where it was this time a year
Last week in Tesla Troubles, I provided a brief overview of the bullish and bearish cases for electric vehicle (EV) maker Tesla Inc (NASDAQ: TSLA). Let me first make clear that I have nothing against Tesla as a company or its CEO Elon
Natural gas prices popped into expiry today, with the April contract rallying just less than 3% before going off the board. This fit perfectly with our expectations. Our Morning Text Message Alert to trader level subscribers outlined that we saw
I like the television show Blue Bloods, starring Tom Selleck, which I think makes me old. The show airs at 9 p.m. Central time on Friday. If I watch it at the appointed time, then I’m necessarily at home. On a
