Note: The charts below have been updated to include the latest report on U.S. Light Vehicle sales from the BEA. For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we
October 3, 2018
The Dow Jones Industrial Average hit a record high on optimism around global trade. The United States reached a trilateral agreement with Mexico and Canada governing $1 trillion worth of trade. The new agreement, called the U.S.-Mexico-Canada Agreement, is expected
Milton Friedman promulgated the Phillips Curve interpretation that posits a tight labor market generates higher inflation. Since 1967 this has been the primary tool of Central Banks and economists in forecasting inflation. During the previous generation, it appeared that falling
At what point does the profit bubble pop? Based on corporate guidance, perhaps it already has. Amid trade tensions, the rising US dollar, and a clear slowdown in Asia and Europe CEO sentiment has gone sour. As a result, Companies Are
The November natural gas contract continued its rip higher, tacking on another 2% to its recent rally today. As has been the trend the last couple of days as well, gains were largest at the front of the strip. The
A simple portfolio still works. A couple of weeks ago I wrote about the recently launched Cambria Trinity ETF (TRTY), saying it was the multi-asset fund I’d build for myself or at least the closest one on the market to what I
Just when dollar bears and Treasury bulls thought the pain was finally over, the previously discussed hawkish Powell comments hit the tape. In a remarkable sequence of comments, Powell basically said that not only is the Fed not worried about
A review of the day’s trading in the agriculture markets. Video Length: 00:09:27
(Video length 00:10:11) Significant chart events occurred on the intermarket landscape today, notably Crude Oil’s breakthrough of resistance and strong uptrend at the same time the US Dollar broke through resistance while US Treasuries shattered their floor of support. In
The Nikkei retreated from its recent highs in cash terms but is late this evening retaking those losses. The concerns surround the auto and petrochemical industries, but the poor auto sales number certainly did not help key stocks today as
