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Will Consumer Sentiment Finally End Its 12 Year Trend Downwards?
The Thompson Reuters University of Michigan Consumer Sentiment Index was released this morning, and like just about every other September release, it hugely beat economists consensus expectations. I...
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China's Exports Accelerated In September
(Updates with economist’s comment in fourth paragraph.) Oct. 13 (Bloomberg) -- China’s exports expanded at a faster pace for the second month and import growth resumed, adding to signs global demand...
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The 'Smart Money' Is Rushing Out To Buy Gold
India and China are embarking on their peak consumption season which may create a boost to the physical market. The far from resolved debt crisis in Greece, Spain and most countries in the western...
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China’s September Export Growth Massively Accelerated
China’s trade data for September show some improvement in growth. Export growth picked up to 9.9% yoy in September, up from 2.7% yoy in August, and better than consensus estimate fo 5.5% yoy. Import...
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ROSENBERG: The New Job Opening And Labor Turnover Data Isn't Consistent With...
David Rosenberg noted this morning that: "There are few reports that come out monthly with as much information on the employment situation than the JOLTS data (Job Opening Labor Turnover Survey) from...
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University Endowments Are Learning The Hard Way That Hedge Funds May Not Be...
Jim Stewart in the New York Times has noted the poor performance of many large university endowments, and in the process questions their large allocations to alternatives. Hedge funds figure...
View ArticleA Closer Look at the Banks
By Andrew Nyquist Last weekend I penned a technical piece “Watch the Banks” and wrote the following: “After topping with other major market indices on Friday September 14th, the Bank Index (BKX)...
View ArticleETF Insider: Sloppy Start To Earnings Seasons
The bears stole the spotlight at the opening ceremony for this earnings season on Wall Street. Corporate behemoths like Alcoa and Chevron were forced to revise their outlooks lower, which inevitably...
View ArticleFact check Ryan in the Debate
In the Vice Presidential debate Ryan said that the Kennedy tax cuts generated so much growth that tax receipts increased enough to offset the revenue losses. When I look at the data it sure looks like...
View ArticleIt Was Another Solid Week Of High-Frequency Economic Data
There was almost no monthly data released this past week. Producer prices increased sharply, almost entirely due to gasoline. Consumer confidence for the second half of September reached a new...
View ArticleFX Positioning and Technical Outlook: What is Working
Market participants have to confront a stark asymmetry. There are many ways to lose many, but there appears to be only three ways to make money. Nearly all strategies seem to come down to some...
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The Bullish Trend In Job Openings Isn't In Jeopardy
The job openings data from the BLS JOLTS survey is a little more delayed than other employment data but it has the advantage of being a leading indicator for overall payrolls. Changes in the trend of...
View ArticleWait. Canadians make more money than Americans? Yep.
David Zetland passes along some income figures via Aguanomics (re posted). (Dan here...There are more American billionaires and millionaires, so not to worry) : Cornelia and I were discussing...
View ArticleThe Next Stimulus: More Holidays?
Interesting take from Fareed that holidays can generate more consumer spending and the U.S. takes the least amount of holidays among the global community. This brings up an interesting story about how...
View ArticleChina’s Political Transition
While the U.S. focuses on its presidential campaign, China will also choose its new leader just two days after the November 6th election day. Here’s Time magazine, Two days after the U.S. chooses a...
View ArticlePresidential Polls and Prediction Markets
Great piece by PBS NewsHour on divining the polls and predicting the next POTUS. Ray Fair’s economic model is fascinating. BTW, Romney’s probability of becoming the next POTUS has doubled in the...
View ArticleChartology: Nasdaq 100 Technical Update
By Andrew Nyquist Over a week and a half ago, I honed in on the Nasdaq 100 and the importance of lateral support around 2775-2800. At the time the index had bounced off support, offering bulls a...
View ArticleIf Europe Adds a Financial Transactions Tax, Will We Follow?
by Linda Beale If Europe Adds a Financial Transactions Tax, Will We Follow? Has the time come for the US to impose a financial transactions tax? It would have several positive features. First, it...
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Weekend IMF Meeting Sends A Clear Warning That World Growth Is Grinding Down
TOKYO (Reuters) - Meetings of global financial chiefs over the weekend ended with a clearer picture of what Europe, the United States and emerging countries need to do to prevent a deep downturn in...
View ArticleChina Monetary Statistics for September 2012
People’s Bank of China published the latest monetary statistics for the 3rd quarter. M2 money supply rose 14.8% compared with a year ago, better than the 13.8% yoy increase as expected by the market,...
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