  The ISM Manufacturing survey for February 2014 indicated moderate manufacturing expansion. The New Orders sub-index which historically correlates to the economy improved even more significantly than the prime …
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A funny thing about the S&P 500 is that it sometimes hits a brick wall when approaching a major resistance level, and other times plows right on through. The most …
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The US market is in a bullish mode and has had a muted reaction to the Ukraine/Russia crisis.
Read More Note from dshort: The NYSE has released new data for margin debt, now available through January. I’ve updated the charts in this commentary to include the latest numbers. The New …
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More bad news for China’s manufacturing sector as the final Markit/HSBC PMI (Purchasing mangers’ Index) reported a reading of 48.5, little changed from the preliminary (“flash”) number reported ten days …
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Following a 150bps rate hike by the central bank – the largest since the 1998 default –desperate to halt capital outflows and a collapsing currency, Russian stocks have crashed 11% led by some …
Read More Perjury is a very serious offense or at least it is supposed to be. If our system of justice and Congressional oversight do not uphold the law against those who …
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Real Personal Consumption Expenditure (PCE) grew while Real Disposable Personal Income (DPI) contracted. This release shows that the December data (previous month) was distorted by a previous year’s income spike – and that …
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I continue to believe the bull market in bonds is over and these will trade lover over the coming years, however small rallies within that downtrend will appear from time …
Read More Facing formidable resistance and the threat of an ominous triple-top sell signal if bulls lost their battle, U.S. stocks appear to have successfully navigated a critical crossroads by finding the …
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