It has been a very rough patch for commodities. As the USD has climbed against most major currencies, commodities have come under severe pressure. Oil is down more than 20% this year and gold is back to even.
But take a look at coal – no wonder why that sector has...
China is showing some very poor manufacturing data of late. The latest reading of the Flash PMI shows 8 months of contraction. With Europe on the ropes, the exports have been lagging and that flows down to the factory level. As the government had been purposefully slowing down the economy...
We have looked at the Citi Economic Surprise Index before as it has some merit as a forward indicator for stocks. Looking at the first chart below, notice how the index is sloping down recently. Often times, equity markets will take time to move in the same direction with...
Leading Indicators were better than expected, but there were several areas that showed significant weakness. As expected, the consumer confidence was a drag as were new orders.
The new orders does not bode well for manufacturing and the pull through to GDP.
June 21 (Bloomberg) — The index of U.S. leading economic...
Molycorp (MCP) is getting a lift today as the news of China’s output of rare materials and potential for stopping additional production facilities was announced.
The short ratio – 8 days to cover shows that there is a good deal of short interest and the technical pattern has the a fast...
