Kurt Kallaus's picture

By Kurt Kallaus – US and global stocks remain in a secular Bull market. Major averages from around the world confirm the strength we see in our country boosted by strong earnings and guidance. Tech stocks have trounced value companies and...

Andrew Zatlin's picture

By Andrew Zatlin – Uber has been in the headlines for all the wrong reasons over these past couple months. I’m sure you’ve seen or heard the headlines. From sexual harassment to discrimination, to “Greyball” – software that helped Uber drivers...

Adrian Ash's picture

By Adrian Ash – Gold prices held near 5-week lows against a falling US Dollar on Wednesday, trading at $1243 per ounce as commodities rallied but world stock markets extended Tuesday's retreat in New York. As Brent crude oil rallied $1 per...

Michael Shedlock's picture

By Michael Shedlock – Amazon bought Whole Foods today. Widespread carnage in the grocery stock prices followed. Jim Cramer called it a major deflationary disruption saying stores cannot compete. “What Amazon did to the mall, it will now...

Bob Eisenbeis's picture

By Bob Eisenbeis – At its June meeting, the FOMC again raised the target range for the federal funds rate by 25 basis points, to 1–1¼ percent. They did so despite evidence that inflation had moderated and that the second estimate of first quarter GDP growth

Charles Hugh Smith's picture

By Charles Hugh Smith – We want this time to be different so badly, we can almost taste it. If you visit San Francisco, you will find it difficult to walk more than a few blocks in central S.F. without encountering a major construction project.

Michael Shedlock's picture

By Michael Shedlock – The state of Illinois has not passed a budget for close to three years. Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly...

Robert Rapier's picture

By Robert Rapier – Gasoline is where most consumers are reaping the benefits. The national average price for unleaded gasoline on Memorial Day was about $1.30/gal cheaper than it was just three years ago. U.S. consumers use about 140 billion gallons of gasoline a year...

Adrian Ash's picture

By Adrian Ash – Gold prices popped to a 4-session high at $1277 per ounce Wednesday lunchtime in London as the US Dollar sank ahead of the Federal Reserve's long-expected June interest-rate decision following weaker-than-forecast economic data. US retail sales fell in May...

Matthew Kerkhoff's picture

By Matthew Kerkhoff – Leadership is an important consideration in any type of market, bull or bear. When market leadership is thin and quickly changes direction, it can signal a shift in the tone of the overall market.

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