The FOMC meets this week. The Fed already has unlimited QE in place. Not much is expected to come out of this meeting. If anything, aware that low rates are needed, Mr. Powell may drop a hint or two that … Continued
In the midst of a flattening yield curve, the 10-year T-yield is once again hammering on resistance at just north of three percent. Just a month ago, these notes yielded 2.81 percent. At least a pause is due, raising the … Continued
The U.S. sovereign bond market has hit the headlines a lot these days. Rates have rallied big since September 2017 lows, but from suppressed levels, and are at crucial stage technically. At least near term, fundamentals do not allow for … Continued
The financial accounts of the U.S. for 2Q17 was published last Thursday. Better known as the Z.1 report, the massive quarterly publication contains tons of useful data – thus highly recommended. The seven charts below try to highlight where things … Continued
The energizer bunny marches on. The U.S. consumer, that is. In the third quarter, the U.S. economy grew an annualized 1.5 percent. This was the first estimate, so it probably gets revised up or down by the time we have … Continued
Retail sales soft in Jan – first back-to-back m/m drop since mid-12 Consumers not quite ready to do away with savings from low gas price XLY, RTH break out, betting consumers will end up spending gas windfall U.S. retail sales … Continued
U.S. consumer confidence has surged since July 2014 Decent inverse correlation between gas price and consumer sentiment No correlation between personal consumption expenditures and consumer sentiment Consumer confidence is soaring in the U.S. Since July 2014, the Thomson Reuters/University of … Continued