Andrew Zatlin's picture

The Vice Index indicates a sharp downturn in retail spending… beginning in the fourth quarter (October.). Regular Moneyball readers know the Vice Index is the best way to gauge the American consumer. It’s proprietary research...

Ben Hunt PhD's picture

Every successful institution, from a marriage to a superhero to a firm to a nation, needs an origin story. The origin story of arguably the most successful hedge fund institution of the modern world—Bridgewater Associates—is that of...

Kurt Kallaus's picture

Oil prices rising from $26 to $46 a barrel this year have helped boost US stocks a whopping 22% from their lows. The digital age led by Amazon and overcapacity of retail space per capita may be killing retail bricks and mortar...

Marc Chandler's picture

Today is the anniversary of the final blow to the dollar-gold standard. By August 15, 1971, the exchange of dollars for gold was limited to central banks, and US President Nixon unilaterally ended it. There was a brief attempt to resurrect...

Michael Shedlock's picture

The downtrend in Trump’s presidential candidacy is now so prolonged that not even the most ardent Trump supporter can deny it. The decline is all based on silliness. Worse yet, it is self-imposed silliness. Some of the things Trump has...

Tom McClellan's picture

The history of the S&P 500 dates all the way back to 1871, thanks to the work of the Cowles Commission in the 1930s which reconstructed an index of stock prices back that far. That index eventually morphed into the S&P...

Michael Shedlock's picture

Business inventories rose 0.2% for the month. Bloomberg Econoday calls this a “favorable position“, noting the “lean 1.39” inventory-to-sales ratio. Let’s investigate the claims with a look at the Econoday comments followed by...

Clif Droke's picture

Let’s turn our attention to the global economy. Last week the Bank of England said it would buy 60 billion pounds of government debt in order to cushion the economy against the impact of the recent Brexit vote. England and the European...

Urban Carmel's picture

The trend in equities continues to be higher, even a very short term basis. As equity prices move higher, volatility is compressing. That, on its own, is not bearish, as volatility can stay low for months as equities grind higher.

Michael Shedlock's picture

Anyone with an ounce of common sense knows that negative interest rates cannot occur naturally, can only occur with government or central bank intervention, have nothing to do with free markets, and must fail eventually.

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