There has been a great deal of cheering as the ISM manufacturing and Non-Manufacturing index reports maintain over the “all important” 50 level. Over 50 is considered an economy in expansion and under, contraction.
When the lowest levels were hit during the 2008-2009 time frame, media reports were continually...
For the past several weeks, there has been a noticeable rotation that we have been watching. In fact, we spoke about this several times in recent episodes of the TDI Podcast. Looking back, the move has been a foreshadowing of what troubles would lie ahead for the equity markets.
The rotation...
Let’s face it. With the Fed watching every move of the markets and everyone wondering how much additional stimulus/money/QE will come, the bears are not too interested in fighting the Fed.
For confirmation, the short interest ratio for the S&P 500 index is sitting at a point that does not show...
The ADP number was exceptionally weak. Missing estimates by over 150,000 shows that the slowdown is for real. It appears that last week’s economic reports are no fluke and the lower consumer confidence report that we saw yesterday was spot on.
The hardest hit area from the ADP report seems to...
Some of the more interesting and important items for May 31st :
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Severity of Europe E. coli outbreak stuns experts – Yahoo! Finance – BERLIN (AP) — The foodborne bacterial outbreak that has hit Germany and other European nations is unlike anything...
