Sheraz Mian's picture

This morning’s ADP (ADP) jobs report is in line with the recent trend of weakening economic momentum — the data is still strong, but it is nevertheless a tad bit on the weak side. The ADP read came in slightly...

Matthew Kerkhoff's picture

On March 10, 2000 — at the height of the dot-com bubble, the Nasdaq closed at 5048.62. During intraday trading today, the Nasdaq traded past the 5,000 mark for the first time in 15 years. The Nasdaq approaching...

Chris Puplava's picture

The S&P 500 had its first monthly close above 2100 in February, the Dow closed over 18,000 and the NASDAQ currently rests a mere 3% below its 2000 bubble peak of 5132.52. Why is the stock market heading higher when incoming economic data is surprising to the downside?

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...

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...

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...

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...

Marc Chandler's picture

The discussion of the dollar's impact on overseas corporate earnings is often cast in narrow terms: locally incurred costs are not included, hedging strategies are not examined, and savings from borrowing in foreign currencies are...

Chris Puplava's picture

While the USD Index is rallying there is deterioration beneath the surface that suggests a cyclical correction in the dollar may be in the offing. We can look at breadth to determine how strong or weak the dollar is by comparing it to many currencies across the globe.

John Butler's picture

At a recent conference hosted by a major global bank in London I sat on a panel alongside a macro investment strategist who referred to the euro as a ‘Trojan horse’ intended to force fiscal austerity on...

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