China Says U.S.-Led Trade War Has Become Biggest ‘Confidence Killer’ for World Economy Fed’s Powell Says A Long Trade War Could Hurt U.S. Economy Bernanke, Geithner, Paulson Voice Some Concern About Next Crisis Crude-Oil Caution: Volatility Ahead How Does Netflix’s…
Three Key Trends
There are three key trends impacting the markets right now, and they’re all related. 1. The long-end of the yield curve is flattening. 2. The dollar is rising. 3. Gold is falling. Now for some charts. Here’s the spread between…
Industrial Production Rebounds in June
While Chairman Powell’s words seem to be soothing the market, we got a pretty good report on industrial production. U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest…
Are SUVs Ruining Retirement Savings?
Here’s something I didn’t realize people have such strong opinions on: Looking at prices for new SUVs and came to the realization this has to be a huge impediment to ppl saving for retirement. These things are unbelievably expensive and…
Powell’s Testimony
Fed Chairman’s Jay Powell testified today before Congress. Here are some highlights: Since I last testified here in February, the job market has continued to strengthen and inflation has moved up. In the most recent data, inflation was a little…
The 5 Biggest Oilfield Services Stocks Ranked From Worst to First
Published on July 17th, 2018 by Aristofanis Papadatos Oilfield services companies were significantly affected by the downturn in the oil market that began in 2014. As the price of oil plunged, many oil producers drastically reduced their production and postponed…
Morning News: July 17, 2018
The Oil Market Is Getting More Dangerous IBM Is Experimenting With a Cryptocurrency That’s Pegged to the US Dollar Netflix’s Q2 Earnings in 3-Must See Metrics Goldman Sachs Makes it Official: David Solomon to Become Next CEO, Replacing Lloyd Blankfein…
Alliance Data Drops Sharply
Shares of Alliance Data Systems (ADS) are down sharply this morning. This morning, the company reported its metrics for June. I don’t think the numbers were that bad. However, we’ll know a lot more when ADS reports their earnings this…
The Long End Is Nearly Flat
The long-end of the yield curve is nearly flat. Just four basis points separates the 10- and 20-year Treasuries. You can see similar effects on other points. This is the tightest the long end has been since the 2000 market…
Retail Sales Rose 0.5% in June
The consumer is still behaving well. This morning, the Census Bureau said that retail sales rose 0.5% last month. They also revised the figure for May up to +1.3%. Take away cars and gas, then retail sales rose 0.3% last…