Before we get into it, a short story about firefighting because it sets the table for this morning’s outlooks. Back when he was still alive, I asked my dad “When you go to a fire, when do you make the call for back-up. Like calling a second response to a house fire?” His explanation was … Read More
EmpSit: Employment Situation Report A couple of hours before the open this morning, Dow Futures were down a bit more than 30 points as the global market is awaiting on US data to see how this week will wind-up. So, here’s the data and there may be a MAGA reality here we need to consider: … Read More
The late Washington-state Senator Henry M. Jackson told me – in about 1970 or 71 “Keep your eye on the Straight of Hormuz.” When it closes, the world will get involved in a Middle East war that could quickly escalate to global and nuclear. Fast forward to overnight: “Two oil tankers struck in suspected attacks … Read More
This being Friday. it’s lawn and garden day around here, so we will be posting this morning’s report in pieces. By doing this, I can get my lawn mowed (and maybe edged) before breakfast and the market open. Or not… Jobs Report Just out from the Labor Department: “The unemployment rate remained at 3.6 percent … Read More
It’s a morning where not a ton of creative is required on my part. It’s just a pile of economic news releases and some of these are bound to matter. We can go through it bay agency. Bureau of Economic Analysis has a new GDP annd Corporate Profits report out. Here are the sing-along lyrics: … Read More
“Nested Bayesian Investment Analysis” is our upcoming Peoplenomics.com report for this weekend and I wanted to mention how it arose since how an “old man in the woods” can come up with new ideas may be of interest. As I have explained previously, I have designed and use something I call a light crown. It … Read More
The press release is more eloquent that me: NEW YORK, APRIL 30, 2019 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for February 2019 shows that the rate of home price increases across the U.S. has continued … Read More
Raise your hand, quick, if you know where the most famous statue of legendary wood-cutter Paul Bunyon and his Blue Ox Babe are located. (Hmmm…no hands going up…) Well, this is one of the reasons why Ham Radio is such a cool hobby during times when the End of the World (EotW) is in sight. … Read More
I happened to catch a “news commentary” on WOAI out of San Antonio Monday and I was shocked at how the border crisis is being morphed into a “mush-headed economic marvel.” The station news director’s commentary pointed out that if president Trump indeed closes the border in order to deal with the unchecked, illegal immigration, … Read More
Sure, the new overnight that the trade talks are continuing and that Chinese consumers are holding their own are fueling the rally at the open of the stock market today. But there is a much larger game at play than just coaxing consumers to spend more and more than even trade talks. What could be … Read More
Here’s how today ought to roll: The market should pop up a hundred, or so, but today’s daily dart lands on some selling starting around 10:43 Eastern/9:43 Central time as the market gets ready to wind up Q1. A drop of a bit today and maybe a further drop next week (to drive prices down … Read More
Good one! (*can we deliver a punchline, or what?) While the early futures were indicating another pullback in the Dow and other major indices at the open, we keep staring at the junction ahead for markets and ask the only question that matters: What’s the reason for optimism? The negatives are pretty clear: The attacks … Read More
There’s not much in the way of “good news” for president Trump lately. For one, the North Korea summit in Hanoi didn’t work out as planned. And the much-touted March 1 deadline for a U.S. China trade deal is quickly looking unlikely. Couple this with reports that immigration from Mexico-South America is nearing record levels … Read More