A hub for independent voices and hard truths
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 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 …
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. …
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. …