Friday, July 19, 2019

This Week's Message: The Fed Is Compensating For A Policy-Induced Shock

Pay special attention to the areas I highlighted (with special emphasis on the Fed) and watch the 1-minute video clip at the end (I think the folks at BofA are reading our blog ;)):

Thursday, July 18, 2019

A Perfect Cloud Burst??

While the term “perfect storm” sounds so ominous, it is indeed what comes to mind as I consider this week’s economic data, the virtual promise – from the source – of a July fed rate cut, and deteriorating trade relations between the U.S. and China (and, frankly, the U.S. and the rest of the world).

Tuesday, July 16, 2019

Right on Cue

Today’s menu of headlines was a perfect test of the prevailing two market-moving factors; the Fed and the trade war.

Quote of the Day

Like I've been saying, my read of the mood in China the past few weeks is that it has shifted markedly:

Monday, July 15, 2019

Quote of the Day

Jefferies' global equity strategist Sean Darby echoes the points we've been pounding home herein:

This Morning's Log Entry: Perplexed

The next few weeks will be hugely telling in terms of second half prospects. While it might seem an exaggeration to describe global business conditions as being in disarray, that’s the word that comes to mind; earnings outlooks will go a long ways toward confirming whether I’m justified in my description.

Saturday, July 13, 2019