Clif Droke's picture

The stock market has once again entered a period of consolidation as investors wait for the results of the most important legislative decision of the year. The fight to repeal and replace Obamacare has taken the spotlight as Congress debates...

Kurt Kallaus's picture

The surprise Trump victory November 8th catapulted stock indices about 15% higher as of March without even a 2% intraday correction. Our advice since December has been to avoid waiting for dips and stay 95% invested basis the SP 500...

Matthew Kerkhoff's picture

All attention is once again on Janet Yellen and the Federal Reserve this week, as the FOMC meets to determine whether an interest rate hike is warranted. At this point, with Fed Funds futures prices pointing toward a 95% chance of a rate hike...

Marc Chandler's picture

UK Prime Minister May got the parliamentary approval the courts ruled was necessary to formally trigger Article 50. It is not clear what UK she will lead out of the EU. Scotland is beginning the legal proceedings to hold another...

Robert Rapier's picture

Last week the Renewable Fuels Association (RFA) reported that President Trump is preparing to direct the Environmental Protection Agency (EPA) to make a big change to the country’s Renewable Fuel Standard (RFS). The change is...

Michael Shedlock's picture

A platoon of driverless trucks equipped with Cooperative Adaptive Cruise Control (CACC) appeared on the 110 freeway in San Pedro. The system controls speed, braking, and spacing of the convoy. The goal is to increase safety...

Urban Carmel's picture

The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely. One concern in recent months has been housing, but revised data shows...

Tom McClellan's picture

There is a giant wall of short positions held by the smart-money “commercial” traders in crude oil futures, and it is going to lead oil prices to come crashing down. Each week, the CFTC reports on the numbers of long and short positions held by futures traders...

Andrew Zatlin's picture

The Vice Index says retail spending peaks in January and then flattens. But disposable income may slow sooner. Meanwhile, consumer spending is already shifting away from luxury (an early indicator of slower consumer spending). Slower consumer spending is not...

Michael Shedlock's picture

The IMF’s Global House Price Index, an average of real house prices across 57 monitored countries, continues to climb. The index shows sixteenth consecutive quarters of positive year-on-year growth. However, house prices...

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