Dollar index signaling it is ready to at least pause? Stronger $ will adversely impact both exports and earnings Fed can ill afford to send hawkish signal post-FOMC on Wednesday Over the past three sessions, this is how the U.S. … Continued
Shortly after noon on Saturday, a Zero Hedge tweet caught my attention. It was entitled “‘From Bubble-Blower To Energy Expert, Alan Greenspan warns ‘Oil Hasn’t Bottomed Yet.’” Apparently he was on Bloomberg with Betty Liu, and in the interview talked … Continued
The following are futures positions of non-commercials as of March 10. Change is week-over-week. 10-year note: 10-year yields shed another 13 basis points in the week. Nonetheless, note owners continued to sell near 2.04 percent. And these traders, in agreement, … Continued
Below is one of the charts often used – this blog including – to validate expectations for imminent upward pressure on U.S. wages. It shows the correlation between year-over-year change in average hourly earnings of production and non-supervisory employees and … Continued
U.S. bond market and Fed lock horns as relates to trajectory of short rates Fed continues to drop hints it is ready to lift rates off near-zero levels Should that come to pass, it has potential to help vigilantes’ case … Continued
Oil-and-extraction jobs are just beginning to come under pressure More on the way as mining-and-logging job openings crater In Jan and Feb, energy job-cut announcements >36k Since crude oil peaked in the middle of last year, investor attention has been … Continued
AAPL set to join Dow brings out ‘this is top’ talk Historically, tough to argue Dow inclusion ensures top If AAPL peaks, it will be for other business-related reasons AAPL (127.14) is slated to replace T in the Dow Jones … Continued
Divergence between jobs momentum and other macro data points Annual growth in productivity past four years mere 0.68 percent Infrastructure, both structures and equipment, is rapidly aging It has been more or less an enigma. The divergence between various U.S. … Continued
The following are futures positions of non-commercials as of March 3. Change is week-over-week. 10-year note: They continued to add to net shorts, and it has so far backfired. Post-jobs report Friday, the 10-year yield shot up 13 basis points. … Continued
Recent WMT announcement notwithstanding, wage stagnation has been a trend 4Q14 U.S. non-farm output per hour goes negative – first drop since 3Q11 Businesses can pay productive workforce higher wages and still win Later this morning, we get February’s U.S. … Continued