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
Category: Economy
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
Strong Manufacturing & Strong Employment = ?
Strong economy! Okay, now that we have that out of the way the futures reversed this morning on the jobs report that should have been
A Bull in a China Shop
Following is the opening segment of this week’s edition of Notes From the Rabbit Hole, NFTRH 504. For months now we have been tracking a
Semiconductor Canaries: Chirp, Warble… Soon a Croak and Silence?
In light of earnings reactions in the Semiconductor Equipment sector, it’s time for an update of a theme we have had in play since November,
A Routine Look at the Empire Survey Morphs Into a Mini Screed
Full report here From NY Fed: Business activity grew at a solid clip in New York State, according to firms responding to the April 2018
March Payrolls +103,000 vs. Expected 170,000
Needless to say, the headline does not look good. Click the graphic, get the full BLS report. Initial knee jerk is that stock market and