2nd straight M/M rise in orders for U.S. business capX proxy in April For several months beginning June, hurdle rate quite high for Y/Y growth Six years into expansion, ZIRP probably not confidence booster among CEOs Phew! A sigh of … Continued
S&P 500 retraces 161.8 percent Fib extension of Oct 07-Mar 09 decline Transports not in sync with Dow/S&P 500, having broken several support levels Having spent lots of buying power of late, SPX shows signs of fatigue; pullback odds rising … Continued
Margin debt jumps $20bn in Feb to nearly match all-time high a year ago Interesting, tight correlation between margin debt and U.S. banks’ C&I loans Rise in inventories-to-sales ratio probably suggests imminent slowdown in C&I loans NYSE margin debt shot … Continued
Different messages coming out of two financial ETFs – KBE vs. XLF KBE similar to KRE, regional bank ETF, while XLF is large cap-dominated C&I loans have been growing nicely, but so is inventories-to-sales ratio, muddying picture How did U.S. … Continued