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 the yield curve, which is…
[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 not look healthy. And this…
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 no surprise to anyone. It's…
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 divergence in the key cyclical…
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, 2017 The canary is no…
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 Empire State Manufacturing Survey. The…
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 USD don't like and gold…
It has in the past been "the financial crisis", "the Euro crisis", "Greek debt", "Italian banks", "the fiscal cliff", "Brexit" and so on. Every one of those events an extension…
From SEMI, see... Stunning growth for fab equipment spending – four years in a row "SEMI’s World Fab Forecast data point to an improbable eye-watering fourth consecutive year of fab…
An NFTRH subscriber kindly forwarded me this WaPo article filling in the details of why Larry is so funny; so funny it hurts. Accuse the post of playing politics or…
I have got a very choppy day and a suspect internet connection, so let's let Anthony at Confounded Interest break out the details... Jobs Friday! 313K Jobs Added [Higher Than…
Over the last several years, beginning in 2013 I've made post titles like 'Semi Bullish' in response to the bullish leading edge economic cycle indicator, the Semiconductor Equipment sector and…
Ha ha ha, lucky guess per yesterday's 'playing it straight' article... Click the Bloomy headline for full details... The great swami also nailed the Average Hourly Earnings at in essence,…