An Economy That Cannot Allow Stocks to Decline Is Too Fragile To Survive
The fragile ice shelf of speculative bets and debt clinging to the mountainside is making strange creaking sounds… by Charles Hugh Smith via Of Two...
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Fighting To Conquer Key Levels
Fighting To Conquer Key Levels from Ulli... The ETF Bully Moving the markets Attempting to cross psychologically important key levels to the upside was the...
Recreational vehicle stocks spike amid safe travel concerns, outdoor season
Shares of recreation vehicle makers are seeing a move up as investors return from the Memorial Day Weekend amid a buoyancy in financial markets as...
Dallas Fed: “Contraction Continues in Texas Manufacturing Sector”
From the Dallas Fed: Contraction Continues in Texas Manufacturing Sector, Though Severity EasesTexas factory activity declined again in May, though at a slower pace than...
Tuesday: New Home Sales, Case-Shiller House Prices
Weekend:• Schedule for Week of May 24, 2020Tuesday:• At 8:30 AM ET: Chicago Fed National Activity Index for April. This is a composite index of...
To Prevent Problematic Inflation, We Need More Production (Which Means There’s Trouble Ahead)
In view of the “lockdown”-driven economic collapse and central banks’ monetization schemes, it might be helpful to take a look at… by Thorsten Polleit via...
Regeneron announces secondary offering for Sanofi sale of 12.8M shares
Regeneron Pharmaceuticals (REGN) announced the commencement of an underwritten public secondary offering of its common stock through which Sanofi (SNY) intends to exit its investment...
Positive Business Sentiment Sends Global Stock Markets Higher
As much as Russia’s dealings with its neighbors are predominantly perceived as an exercise in brandishing the good old “energy weapon”, Moscow has been having...
Q2 GDP Forecasts: Probably Around 40% Annual Rate Decline
Important: GDP is reported at a seasonally adjusted annual rate (SAAR). So a 40% Q2 decline is around 9% decline from Q1 (SA).From Merrill Lynch:...
Sharpest-Ever Dive for Retail Sales in March
Another casualty of the COVID-19 pandemic; Canadian retail sales took their biggest one-month spill ever during March. Figures released Friday by Statistics Canada revealed that...