I have found myself writing the phrase “trade war distortions” on multiple occasions because I personally cannot see how anyone can quantify the effects of
Category: Economy
Credit to Trump in This Case
Insert here the disclaimer that I don’t care for the man, I don’t like most of what he stands for, or his funny haircut. But
Jobs Are Great! But is the Semi Canary Still Sick?
I am not talking my book (well, I guess I am if I am a counter-cyclical gold bug) because I am significantly more long than
Baltic Dry Index Caves In
We follow this one each week in NFTRH’s Global Market Internals segment. When I was noting the curious positive price divergence (most recent spike) by
Semi Equipment: Chirp, Chirp…
Well, it’s just a single day and AMAT and LRCX are not out of the woods, but TSMC did just place a nice order with
Semiconductor Sector (NFTRH 535 Excerpt)
As in January of 2013 (ahead of an economic up cycle) and Q4 2017-Q1 2018 (ahead of an economic ripple that began in 2018) the
Q: Semi Equipment Leadership; Just Ugly or Something Worse? A: It was Something Worse
I have so many charts that I use for NFTRH’s Market Internals segment that I have had to start a new system, color coding the
Employment Blowout
How typical. Just as everyone was getting beared up out comes the employment report featuring a blowout number of +312,000 in December (vs. an expected
The Canary Croaked
Ref. my post from last January that itself includes a link to my post from a year ago criticizing a media headline about a fund
Slowly We Turn… Gold vs.
Let’s take an in-day snapshot of gold vs. several key competitors (for your investment dollars/euros/yen, etc.) and check the progress in turning the macro from
Cyclical Commodities Continue to Weaken, Gold Moves in Relation
[edit] Also see this post on inflation/deflation excerpted from NFTRH 525, hot off the presses. Crude Oil and Industrial Metals continue downward. This is significant
Industrial Metals Breaking Down Again
It sure is not positive economic – or for that matter inflationary – signaling as Industrial Metals lose the short-term consolidation and break down on
The Curious Case of the Banks Continues
Curiously, in a rising long-term interest rate environment… The Banks are still dropping. The Banks are still dropping harder than the S&P 500 (SPY). Despite
Homies & Real Estate: Does This Look Healthy?
[edit] As if on cue, out comes Anthony B. Sanders with… US Housing Starts Plunge Under Rising Interest Rates I agree with you, this does