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Volume Is Nonexistent
June 5, 2014
<Click on chart for larger image> Comment The chart above shows a rolling 10-day average of composite trading volume on all US exchanges. Excluding the week between Christmas and New Years, the last 10 days have seen the lowest trading volume in seven years (the 10 days ending July 16, 2007). Technical analysis likens volume… Continue reading Volume Is Nonexistent
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Hilsenrath Tells Us What The Fed Is Looking For In The Upcoming Jobs Report
June 5, 2014
<Click on chart for larger image> Real Time Economics (WSJ Blog) – Jon Hilsenrath: Labor Force Participation Key for Fed Fed officials will be paying especially close attention Friday to developments in labor force participation and how that affects the unemployment rate. The jobless rate took a surprising tumble in April from 6.7% to 6.3%.… Continue reading Hilsenrath Tells Us What The Fed Is Looking For In The Upcoming Jobs Report
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Stock Bullishness Hits Extremes
June 5, 2014
<Click on chart for larger image> MoneyBeat (WSJ Blog) – ‘Danger Territory’: Bullish Sentiment Hits Extreme Levels Will the last bear left standing please turn out the lights? Bullish sentiment jumped to relatively rare territory this week, suggesting optimism has engulfed Wall Street as U.S. stocks continue to ratchet up to new highs. The percentage… Continue reading Stock Bullishness Hits Extremes
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Is QE Causing Deflation?
June 5, 2014
The Telegraph – The nagging fear that QE itself may be causing deflation Narayana Kocherlakota, the Minneapolis Fed chief, suggested as far back as 2011 that zero rates and QE may perversely be the cause of deflation, not the cure that everybody thought. This caused consternation, and he quickly retreated. Stephen Williamson, from the St… Continue reading Is QE Causing Deflation?
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The ECB Goes Negative
June 5, 2014
The Financial Times – ECB cuts deposit rate below zero The European Central Bank has cut interest rates to a fresh record low and lowered one of its benchmark rates below zero in a radical move that policy makers hope will help the currency bloc to stave off the threat of deflation. The ECB cut… Continue reading The ECB Goes Negative
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Predicting A Recession
June 5, 2014
Real Time Economics (WSJ Blog) – Can Economists Tell if a Recession is Coming? In April, Real Time Economics took a look at some of the factors behind the optimism that growth will continue, and included a chart on economists’ assessment of recession risks, which is near the lowest level in four years. Anyone who… Continue reading Predicting A Recession
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Cartoons
June 5, 2014
None Today
Charts of the Week
Charts of the Week
June 4, 2014
Charts of the Week Topics Covered This Week Include: Mutual Fund Flows Corporate Profits Fall 30-Year Treasury Year-To-Date Total Returns QE And The Markets Still Searching For A Reason Yields Are Falling Still Bearish On Interest Rates S&P 500 Total Returns Hedge Fund Sell Investors On “Downside Protection” No Volatility Gold Continues To Fall Will… Continue reading Charts of the Week
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Discussing Bonds And The Federal Reserve
June 4, 2014
Comment Jim was on Bloomberg TV yesterday discussing bonds and the Federal Reserve. To view the interview, click on the image above. To view any of our recent interviews, click here. The Wall Street Journal – Jon Hilsenrath: Fed Officials Growing Wary of Market Complacency Expectations for Rate Hikes Might Be Out of Line With… Continue reading Discussing Bonds And The Federal Reserve
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Tomorrow’s ECB Decision
June 4, 2014
CNBC – Stakes high for Draghi, ECB ahead of meeting: CNBC survey A special European Central Bank edition of the CNBC Fed Survey shows the stakes are high for Mario Draghi and his fellow European central bankers going into their meeting Thursday. The survey of 30 market participants, including economists, strategists and fund managers, finds… Continue reading Tomorrow’s ECB Decision
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Home Affordability
June 4, 2014
<Click on chart for larger image> Market Watch – Half of Americans can’t afford their house As the housing market slowly recovers, a majority of homeowners and renters are finding it hard to meet rising rents and mortgage payments, new research finds. Over half of Americans (52%) have had to make at least one major… Continue reading Home Affordability