May Payrolls report; a booming laggard
The May Payrolls report shows what else? Booming and laggard Services drives payrolls at +339,000 Killing an inflated economy is proving to be touchy (and sticky) business. As manufacturing continues…
The May Payrolls report shows what else? Booming and laggard Services drives payrolls at +339,000 Killing an inflated economy is proving to be touchy (and sticky) business. As manufacturing continues…
It is very preliminary, but the Copper/Gold ratio is making the slightest hint that a bounce could be coming within this downtrending market ratio. That could signal that the latter…
It sure seems like there is a lot of bull in the markets, but it has been very selective. Recently ANET got rammed upward on Nvidia's AI hype. I had…
White House and Congress complete ritualistic debt ceiling Kabuki Dance Extra, extra, read all about it! The debt ceiling has been extended, markets of course celebrate. It's not like this…
Notes From the Rabbit Hole, #759 Summary of NFTRH 759 and the macro situation leading up to it US Stock Market: Semi, baby! Tech, baby! And a whole lot of…
Gold miners continue to correct per projections as GDX drops toward a buy zone The gold and silver Commitments of Traders, as tracked each week in NFTRH leading into the…
We have been noting the downtrend in the broad commodity complex for nearly a year now (after watching its breakdown a year ago), under the weight of the hawking Fed,…
CME Group are either taking the bait on all the jawboning going on lately that has driven up Treasury yields and supported the US dollar, or there is still more…
It's noisy out there. It always is, but this week seems particularly noisy. We have the debt ceiling theater ongoing with the likelihood that both sides will try to extract…
Notes From the Rabbit Hole, #758 Summary of NFTRH 758 and the macro situation leading up to it US stock market held the rally and continues with a Goldilocks theme…
Gold price suppression is the excuse du jour for its lack of relative performance; but that is not the reason First let me get this in print up front; the…
Admin first. As mentioned previously, I'll be away from my office for the rest of today and all day tomorrow. NFTRH 758 will be published on Sunday as usual. Now…
As noted in a post earlier this morning, the debt ceiling Kabuki dance is likely just that; theater, a stage for a great meeting of the minds of two sides…
Senator McCarthy: "I think at the end of the day we do not have a debt default" What, you thought the debt ceiling debate was not a Kabuki dance for…