The most important ISM element is the one that improved the most in September; New Orders. Order Backlog contraction eased as well, to near even. A few notables are highlighted…
The title was not meant as a play on words in reference to Operation Twist, but now that I think about it, maybe it should be. The Post-Twist financial world…
After noting 3 recent weak economic data points (ISM manufacturing, Jobs & ISM Services) we have had a couple of firm ones in Job Openings and Jobless Claims. Such is…
On September 1 we reviewed this chart in an NFTRH update projecting a gold sector bounce due to an over sold condition, a preponderance of gold bugs talking about an…
Note for traders: HUI is hitting the bounce target range, but economic data has improved the sector's fundamentals. Last week we got a double dose of gold sector fundamentals as…
+151,000... it's not a very good number and so the theme introduced yesterday, of wobbling manufacturing and a potentially wobbling economy, continues. Here is a breakdown, with the usual suspects…
The weak ISM headline number (PMI) was an excuse for bonds and precious metals to bounce and the US dollar to drop today. It evidently inspired wild eyed casino patrons…
While some might want us to focus solely on the big layoff at Cisco, why don't we stay with what is actually happening. What is actually happening is that there…
[edit] See further thoughts on inflation and the content of this article. The post title is best when drawled in Gomer's thick southern accent. I realize Gomer Pyle was way…
Once again, no energy left or inclination for promo (and no Roxy Music video either). After battling this thing all weekend I headed out to the high school track to…
The title of this segment is actually the subject line of an email sent by subscriber ‘RK’ on Friday, after the post-Payrolls update that included the following statement that RK…
The market had been in a consolidation/mini correction as we have been noting.
Gold is getting clobbered as it should. Let’s please keep it real, because a lot of gold bugs are not going to. The case for gold, silver and commodities rests on an inflationary phase, which strong jobs and wages would indicate out ahead. But for now, the hit to the precious metals is logical.
Our thesis has been that Brexit may have put the final (!) on deflation and the bear phase that had been in effect since late 2014. That view was held…
A funny thing happened on the journey through this week's sentiment analysis. First, the Semi sector, which as I recall we were among the few to be publicly bullish on,…