So far the bullish themes for this year are foreign equities and U.S. bonds with the continued surge in the USD. These themes are borne out when looking at flows into exchange traded funds (ETFs) by asset class and geographic focus.
Amazon is sponsoring a robot warehouse automation contest to see who can pack the most boxes in the least amount of time without dropping any packages or crushing anything delicate such as cookies.
As the stock market prepares to close later today, Yellen will deliver a speech on the new normal for monetary policy at a conference hosted by the San Francisco Federal Reserve, of which she was previously the President.
Before each of the really ugly bear markets of the past 30 years, there has been an important signal from housing data well ahead of time. We do not have such a signal now, and so that portends more upside in the months ahead for stock prices.
There are many moving parts in this storage picture. One of those, as I explained in the previous article, is refinery demand. This piece of the picture seems to be largely lost in the storage discussion, so...
Demand-pull inflation – too much money spent chasing too few goods – should be present by now. An increase in payrolls means more wages. More wages means more retail spending. All three are currently accelerating.
We are still in the grip of the Great Recession. Economic growth remains anemic and below its trend rate in most parts of the world. And what’s more, this state of subdued economic activity has been with us for over seven years.
As the global economy slides into recession and the U.S. economy catches a cold, the blueprint for raising taxes will be dusted off in every state. The blueprint for raising taxes in the modern era was first established in 1913...
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.
The S&P rose 30% in 2013. In 2014, it was up just over 10%. Since the start of the "best six months of the year for equities" in November (nearly 5 months ago), the index is up 4%. Any number of factors could account for...