Independent thinking for complex markets and current events
It’s now official. The euro has broken out above a key historical resistance level. FX trends often take time to develop, but once they do, they tend to persist for years. I expect this time to be no different, with the US dollar likely to weaken further against other… pic.twitter.com/KiCuLdQqcG — Otavio (Tavi) Costa (@TaviCosta) …
The December Philly Fed Manufacturing survey was another disaster, collapsing from -5.5 to -16.4, versus an expected rise to +2.8. This is the weakest level of the year. More problematic, prices paid jumped while prices received fell. All signs point to #stagflation. Sorry, Fed. — Peter Schiff (@PeterSchiff) December 19, 2024 The markets still don't …
Riverside County Sheriff Chad Bianco on Sunday revealed new details about the man who was arrested near former President Donald Trump’s rally in Coachella over the weekend.
2/6 The S&P 500 (blue) closed below its 200-day moving (orange) average for the first time in 154 days. Technicians look at this as the primary trend of the market. Right now, this metric says the primary trend is down. pic.twitter.com/DMTnINXFvT — Jim Bianco (@biancoresearch) October 21, 2023 4/6 … take out the Magnificent Seven …
The probability of another rate hike is deflating, especially for a November hike (green). Is this why yields are shooting higher? If the Fed is no longer going to be vigilant about fighting inflation, then US Treasuries are a sell. pic.twitter.com/bQianKo0Uh — Jim Bianco (@biancoresearch) September 27, 2023 Many do not understand the implications of …