Macroeconomic slack is such an easy, intuitive concept that only Economists and central bankers (same thing) could possibly mess it up. But mess it up they...
Another 1.3 million people applied for UI benefits last week, including 853,000 people who applied for regular state UI and 428,000 who applied for Pandemic Unemployment...
US stocks are struggling for direction as investor skepticism over a holiday stimulus deal grows, jobless claims are starting to trend higher, and as the red-hot...
The euro today rallied higher against the dollar after the European Central Bank extended its stimulus programme and did not sound dovish on the exchange rate. The EUR/USD currency pair’s rally was also...
Logica Capital commentary for the month ended November 2020, discussing inflation breakevens. Q3 2020 hedge fund letters, conferences and more Logica Absolute Return – Up/Down Convexity...
Oil Crude prices are surging in anticipation of the FDA’s potential approval of Pfizer’s vaccine, as Asia’s economic recovery is making Chinese and Indian refiners acquire...
The Wisconsin Department of Revenue has released its Economic Outlook, dated November 22nd. The forecasts incorporate assumptions that include: “November IHS Markit forecast shows a slowing...
Wall Street opened a little lower on Thursday as we await the FDA’s decision on the Pfizer vaccine and US lawmakers push ahead with stimulus talks....
"Tails Are Getting Crazy" - Nomura Warns Pullback-Risks Remain Due To 'Sentiment & Positioning' Overshoots Tyler Durden Thu, 12/10/2020 - 10:10 There are three main dynamics...
The US dollar is struggling to hold onto its weekly gain against some of its key currency pairs as the number of Americans filing for first-time unemployment benefits surged to its highest level since...
Oil survives an inventory scare Oil showed remarkable resilience overnight as official US Crude Inventories exploded higher to a shocking 15.20 million barrels, a number last...
US equities fall as stimulus talks stall Despite the Door Dash IPO euphoria overnight, New York’s major indexes all closed lower, with the Nasdaq underperforming as...
Food was at the top of the agenda overnight. DoorDash’s stock market debut saw its stock finish 83.53% higher on the day at USD187.20. Yes, you...
The euro was soft today, falling against almost all most-traded currencies. The only exception was the New Zealand dollar, which failed to maintain the intraday rally versus the euro. While domestic macroeconomic...
US equities in choppy waters The New York session started with fresh record highs as investors initially focused on the resumption of the cyclical rotation trade,...
The Staggering Impact Of Online Shopping Tyler Durden Wed, 12/09/2020 - 15:02 Authored by Bruce Wilds via Advancing Time blog, The ramifications of online shopping during...
Peter Schiff: The Bond Market Is Broken Tyler Durden Wed, 12/09/2020 - 13:08 Via SchiffGold.com, A lot of pundits and analysts insist inflation isn’t a problem because the...
The Brazilian real weakened against multiple currency rivals in the middle of the trading week, driven mostly by higher-than-expected inflation last month. Investors are also keeping an eye on monetary policy as the central bank is...
The Bank of Canada held a monetary policy meeting today and announced after its conclusion that the policy remains unchanged. The Canadian dollar was not demonstrating a clear trend after the announcement, falling against...
The big picture is looking up as we head toward the Christmas and New Year holiday season. Despite continued pressure from the coronavirus crisis, markets are...
Poland & Hungary Accept German Proposal On $2.2 Trillion EU Stimulus Tyler Durden Wed, 12/09/2020 - 11:05 Germany has mediated a way through the blocked 1.8...
Since last week there have been reports that the next stimulus package would not include direct payments. The new bipartisan bill also didn’t include stimulus checks....
The Australian dollar was the strongest currency on the Forex market today as the sentiment was favoring riskier currencies. Domestic macroeconomic data was supportive of Australia’s currency. The Westpac-Melbourne Institute Index of Consumer...
Futures Hit New All Time High As Manic Melt Up Won't Stop Tyler Durden Wed, 12/09/2020 - 08:04 The market meltup just won't let up, with...
The New Zealand dollar has posted strong gains on Wednesday. Currently, NZD/USD is trading at 0.7093, up 0.75% on the day. The currency sizzled in the...
GOLD Bullion is holding above the key support level of $1,850 with the price consolidating after the recent rally. European... The post Daily market commentary: After...
Talks continue on US stimulus, Brexit In Asia, equity markets are off to a modestly positive start today, helped along by a new US916 billion stimulus...
British pound jumpy over Brexit Currency markets remain range-bound, with volatility being led by sterling as it bounces around on Brexit trade talk developments and rumours....
Shares of AutoZone fell 5.3% on Tuesday after the automotive parts and accessories retailer reported lower-than-expected top-line results for 1Q. AutoZone’s (AZO) 1Q revenues of $3.15...
ECB Preview: Here Comes Another €500 Billion In QE Tyler Durden Tue, 12/08/2020 - 22:25 Last March, the ECB's then-brand new boss Christine Lagarde sparked a...