We have a triple-serving today: Durable Goods, International Trade, and Retail Inventories. Durable goods gives us an indication as to whether Big Spenders are laying out the ‘long green’ to keep economic hide-the-sausage working. Durables are goods expected to last three-years, or longer. Economists figure furnishing, outdoor equipment, appliances…that kind of thing. If Durable Orders … Read More
Just how high will housing go in the go-go markets of Seattle, Las Vegas, and San Francisco? The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain in February, up from 6.1% in the previous month. The 10-City Composite annual increase came in at … Read More
Although we are now about 16-months into the liberals bashing Trump, and continuing to live the lie that Hillary would have been better, we aren’t seeing much progress by either side. Instead, the game of “He said – she said” continues…and it has absolutely nothing to do with Russian influence. Anyone every really look into Uranium One? No? … Read More
We have a strange way of looking at markets. Theory I cobbled-up called Aggregate Market Theory (AMT). The thinking is very simple (with me, it would have to be, right?) If you have 10-dollars on you, it doesn’t matter whether you have a five in your left pocket and a five in your right. Or, … Read More
But not a lot of substantive change seen today. My buddy (the major) and I were talking Friday, as friends of 65-years will do. He was stuck in Seattle’s big city traffic enroute to guest lecture. I was having a sip and reading my Kindle Fire HD 10, on the screen porche and listening to the … Read More
It’s Friday the 13th. Triskaidekaphobia. Comey’s off monetizing his Trump book. Trump is moving on with no interview. We call it “tit-for-raid.” China’s got us by the trade balls. And Syria’s going to blow up over pipelines, resources, and regional power. Next? The problem is none of this is actionable. And that’s the key thing. You … Read More
Not following? Try to keep up with the class here:Russian-led troops in Donbas attack Ukraine 38 times in last day, says this report. It’s axiomatic that presidents don’t launch missiles while the market is open. So we are reasonably confident that as soon as the market (and after hours) ends this week, things will heat … Read More
Peoplenomics Wednesday revealed something that amazed me. Not just that gender, gay, lesbian, and racial curriculum swamp conventional ideas like Science and Math in terms of curriculum availability. That was shock enough for this old man. But… It was the HUGE preoccupation with teaching writing. This looked to us – and to a couple of commenters on … Read More
Cool summer comin’ seems to us. NOAA Solar Cycle Progression hints that way: The Sun’s output has gone into sleep mode. As it cools, sunspots stop happening as often. Guess what? There has already been some discussion in the scientific community about… (Continues below) …the possibility of another Maunder Minimum. So not only is the … Read More
No matter how good you might be in some aspect of investing, there are oftentimes days like Wednesday. I cashed out my short position for a nice profit. Then – ignoring one of my own rules of investing – I went back in – short – and that cost me a good bit. No dinner … Read More
With a weak opening ahead (-50 Dow futures) there is actually very little in the way of economic news other than a rally attempt in Japan failed overnight and German markets are closed today for Easter Monday…so discount the numbers out of Europe today. The rest of the week looks blasé as well: We look … Read More
We hold to the curious view that there should be something come along in headlines in the next week that will drive the market lower. Our projections range from an S&P 500 anywhere from 2,396 all the way down into the 2,290 area. This is never trading advice – as most of the gains this week … Read More
Futures up 322 on the Dow? Of course the market’s running up today! Ah, the perversion of economics spun along beautifully along with Hoover II’s SSFM (seriously steamy freaking mess) on 60-Minutia (sic). But in the end, who cares? OK, Melania, then… Forget the DVD taunts (where is the extortion line crossed?), the blah, blah, … Read More