The stock market broke, but initial claims are still at record levels. This is how it has historically works as bubbles start to deflate. Employers are the last to get the news. But the very fact of their record long term ebullience was warning enough, as I have repeatedly chronicled here over the past year. For now, though they still…
More Great Reads
On any rally, regardless of where it starts, I will be looking for low risk short sale entries for the next big down leg.
Major employer announced job cuts in August were a notable improvement from July. However, the 2015 year-to-date total is up 31% from the same period a year ago.
America’s trade deficits in manufacturing and with the European Union both set their second straight monthly records.
In its monthly report released on Monday, OPEC indicated it is now willing to discuss production levels with other non-OPEC countries.
More and more of (what’s left of) the nation’s economic vigor has been concentrated in fewer and fewer states during this period.
They need to start perking up as they test minor support levels.
According to the talking heads Tuesday was just a bull market “retest” of last week’s lows, which posted at 1867 on the S&P 500. As is evident below, the test was passed with 80 points to spare at today’s close. So according to the bull heads—–CNBC had three of them on the screen at once about 2pm—–its time to start nibbling…
The risk-off tide is rising, and sand castles of QE will only hold the tide back for a brief period of apparent calm.A funny thing happened on the way to permanently expanding global markets: unintended consequences. Borrowing cheap, abundant U.S….
Cycle screening measures were modestly stronger today, led by a big jump in 6-7 week cycle status. However, the aggregate measure and all 3 current…
The market rallied to the top of crash channels on Wednesday. Here are the numbers you need to know to see if the downtrend stays…
Will the Fed raise interest rates sooner than later due to the new job numbers? The data is set for release this Friday, Sept. 4, and the numbers are good indicators of what’s to come.