Financial Sense

Jim Puplava on U.S. Recession, Fed Rate Hikes, and Short-Term Correction
FS Staff's picture

The S&P 500 has been up double-digits for the past three years. Although we don't expect to see a recession or negative returns this year, right now we think stock prices have gotten ahead of fundamentals...

ISM Manufacturing Index: Slowest Growth in Thirteen Months
Doug Short's picture

Today the Institute for Supply Management published its monthly Manufacturing Report for February. The latest headline PMI was 52.9 percent, a decline from the previous month's 53.5 percent and below...

U.S. Equity Valuations: To Be Dismissed?
BCA Research's picture

History shows that valuations don’t matter until they do. The challenge is gauging what will cause investors to balk at current multiples, which have vaulted to elevated levels.

China’s Rate Cut Insufficient: Investors Expect More PBoC Stimulus and Yuan Devaluation
Sober Look's picture

China's central bank followed up with a second rate cut this year. While many believe this is a step in the right direction, the move alone will do little to reduce high real rates and tight effective monetary policy.

A Savings Problem
Patrick O'Hare's picture

Isn't it great that gas prices have come down? That means consumers will have more money to SPEND, SPEND, SPEND. You got a raise? Great! Now you have more money to SPEND, SPEND, SPEND.

Bottom in Oil and Energy Stocks Looks Suspicious
FS Staff's picture

Richard Dickson of Lowry Research says that they still aren't seeing any of the characteristic signs associated with major peaks and that it's way too early to start worrying about a Dow Theory sell signal with the divergence between the Dow Jones...

2-Year T-Note Shows Path for FOMC
Tom McClellan's picture

To review briefly, this week’s chart shows a comparison between the 2-year Treasury Note yield and the target rate for Fed Funds, which is set by the FOMC. The NY Fed is then tasked with adding or withdrawing...

How Much Crude Oil Do You Consume on a Daily Basis?
Oil Price's picture

Oil. The commodity. We know what it’s worth – at least we thought we did – but what does a barrel of the black stuff get you in real life? Before we get theoretical, let’s first consider how much oil you use.

NYSE Margin Debt Declined in January
Doug Short's picture

The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical data back to 1959. Let's examine the numbers and study the relationship between...

GDP Gives Market No Tail-Wind
Sheraz Mian's picture

The GDP report doesn’t give stocks enough reason to build on their recent gains. That’s particularly the case after a very strong month for stocks that has pushed the broad indexes into record territory, with even...