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...

Adrian Ash's picture

Gold prices fell through what technical analysts called "immediate support" at $1210 per ounce Wednesday lunchtime in London as the US Dollar rose again after new data said the United States added far more new jobs than...

Urban Carmel's picture

2017 is off to a remarkably similar start to 2013. No two years are ever exactly the same, so there's no reason to suggest that 2017 will repeat the 30% gains achieved in 2013. But many of the technical and fundamental similarities...

Jeffrey D Saut's picture

The translation and interpretation of the news can play a crucial role on Wall Street. This is especially true when it comes to public perception. Importantly, the financial media plays a dominant role when it comes to...

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