Consumer, Investor and Trader Sentiment has shifted and Global Consumer Confidence is showing clear signs of deteriorating. Market Internals and Market Breadth can be best described as increasingly troublesome! We have Event Risk in Greece, China, Brazil, and Puerto Rico … and the list goes on. We have Q2 earnings down 1.3% Y-o-Y and markets […]
CROSS CURRENTS With all investor eyes on developments in Greece, a historic market crash in China, Puerto Rico threatening bond default, it is hard to tell exactly what is driving the market? Is it Bonds, Credit, Currencies, Global Equities etc? Which financial relationships tell us what to expect going forward? Historically for those who watch […]
CHANGING INSTITUTIONAL FLOWS Complacency is finally and inevitably beginning to shift to nervousness! Institutional Fund Managers are beginning to see something that actually bothers them. It certainly isn’t overvaluations and many of the market internals we have been talking about for some time. It is something that the big players must always keep an eye […]
It may not have the clout of the official monthly Dept of Commerce Retail Sales report not due out for two more weeks, but in retrospect considering how many credibility issues with seasonal adjustments government data has had in recent months, the Gallup Consumer Spending report may have become far more realistic than official government […]
The evidence continues to mount… “Most since Lehman” has become the new meme for macro-economic data in the US as day after day brings another lacklustre superlative to be dismissed with some excuse by the cognoscenti of sell-side economists… Of course, that is aside from anything related to aggregate jobs that is spewed by the government’s […]
ZeroHedge Despite ending the month with a whimper, after Fed vice-chairman’s hawkish words spooked the market on Friday afternoon, February was the best month for equities in over three years – since October of 2011 – driven by a 7% Nasdaq surge on the back of a gigantic move higher in Apple. And yet, as […]
Zerohedge A month ago, we wrote about a bizarre situation involving Denmark’s now totally broken monetary system, where as a result of an unprecedented scramble to weaken the currency in order to preserve the peg to the Euro the central bank unleashed a historic rate-cutting scramble, where in 4 consecutive rate cuts its pushed the […]
By Washington’s Blog Global Research, March 11, 2015 Washington’s Blog Despite Stronger U.S. Growth Anyone with a pulse knows that Europe is stuck in a downturn worse than the Great Depression. Most think that the U.S. has fared better … but that is debatable. Mega-bank Société Générale’s strategist Albert Edwards notes: “Core Inflation in the US would be just […]
FALLING FLOWS Houston, Liquidity is Slowing Faster than We Planned! GLOBAL LIQUIDITY US – 13 WEEK ROC When liquidity goes negative and actually starts to contract the markets will react badly. On a 13 week ROC basis we are very close to this happening. The EU must make their QE work quickly to help eleviate this […]
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