Article By:
Jeffrey P. Snider
Thursday, August 16, 2018 5:32 PM EDT
According to estimates released this week by the Federal Reserve inside its Industrial Production series, MVA’s continue to slump. At 11.18 million in July 2018, that is about the same as revised estimates for June.
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Article By:
Tyler Durden
Thursday, August 16, 2018 5:08 PM EDT
With every passing day, it is becoming increasingly likely that Musk's "funding secured" tweet could end up the costliest in history.
In this article: TSLA
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Article By:
Jacob Meisel
Thursday, August 16, 2018 4:42 PM EDT
The September contract settled down a bit over a percent on the day.
In this article: UNG
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Article By:
John Rubino
Thursday, August 16, 2018 4:28 PM EDT
Emerging market currencies are collapsing pretty much everywhere these days.
In this article: UUP, EEM
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Article By:
Jeffrey P. Snider
Thursday, August 16, 2018 4:07 PM EDT
Industrial Production in Japan is perhaps the best, most accurate barometer of the global economy and whatever its marginal direction.
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Is asset allocation fading as a viable investment tool? No, not by a long shot. In fact, it’s the only game in town.
According to the consensus outlook, long Treasury yields will climb steadily higher. Same old, same old, right? Actually, it’s not that simple—other elements of the consensus are now telling us just the opposite.
While there is a growing risk that the short gold trade is becoming overly crowded, the price action shows no sign of reversing yet.
IBM’s track record over the last couple of years has not been overly convincing, but results have started to improve again.
The biggest issue for today may be in the trajectory of US growth with the Philly Fed release likely to be used by many forecasters for estimating the full 3Q growth risks and rewards.
Global liquidity is shrinking and that means the USD index is on the rise. The Fed should slow down the tapering of its balance sheet and also slow down its moves towards normalization.
