Stocks put in another ‘pop and flop’ kind of day, finishing nearly unchanged after a ranging day of highs and lows that were remarkable. This is not bullish, and not a constructive action for equities. Bully better hope that nothing
November 2, 2018
USDJPY eyes short-term trend resumption following a reversal of its Thursday losses on Friday. On the downside, support sits at the 113.00 level where a break will target the 112.50 level. A breakthrough that level will turn focus to the
After scrambling out of correction territory earlier in the week, the S&P 500 closed slightly lower Friday. At the close, the index is now -7.15% below its peak on September 21st. Still, meaningful gains were posted this week and the index is
After last week’s sharp decline, stocks bounced a bit this week, and the talking heads on TV could hardly contain themselves. Unfortunately, this week’s bounce does absolutely nothing to negate the major technical breakdown that occurred last week. According to the
Our October report reviewed the limitations of the Phillips Curve in forecasting inflation as it relates to unemployment. Essentially economists interpretation of Phillips posit that lower unemployment equates to higher inflation. This view was created in the 1970’s post Gold/Currency Standard during the
ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and in contraction. Analyst Opinion of the trends of the weekly leading indices The current forecast is a slight economic contraction six months from today. Here is this
The Fed proposes looser lending standards. I propose ending deposit insurance. The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposits held in different ownership categories are separately insured, up to at least
Note: We’ve updated this commentary to include the latest labor force data in this morning’s employment report. Every week we post an update on new unemployment claims shortly after the BLS report is made available. Our focus is the four-week moving average of
Top tickers for end of day: GE, BAC, AAPL, PACB.
Nassim Taleb is a very smart man. He traded his way to wealth through options and derivatives. And his books have changed the way millions of people think about risk, fragility and probability. You may have heard of his best-seller The
