Marc Chandler's picture

The U.S. is experiencing its biggest M&A boom since the Financial Crisis. This Great Graphic was posted on CNN by Jesse Solomon. It shows the dollar value of USA mergers and acquisitions announced from the start of this year through mid-June and the annual figures for the earlier years.

John Butler's picture

Commodities are the most basic economic goods, providing essential inputs into progressively more complex goods at advanced stages of production. Yet the economic mainstream generally fails to understand commodities, treating them as distinct from the processes whereby they are created and...

Ben Hunt PhD's picture

There’s a great scene in the 4th season of The Sopranos where Tony is upbraiding his crew for their lack of “production”, particularly in the traditionally lucrative field of loan sharking. The recession is no excuse, says Tony, for failing to make money from “our thing” — organized crime.

Jeffrey D Saut's picture

I recalled this quip by Jeff Daniels from HBO’s hit series The Newsroom while taking last week off to think about recent events because I feel like I am living in Bizarro World. First named "Bizarro World" in DC Comic books, the term has come to mean a situation or setting that is weirdly inverted or opposite of expectations.

John Rubino's picture

In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble.

Chris Puplava's picture

After a nearly uninterrupted two week rally in the stock market, we have our first Bloomberg TrendStall sell signal on the broad indices since the early April peak. These signals have been fairly reliable over the last year and suggest a period of caution.

Doug Short's picture

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 135.8, up from the previous week's adjusted 134.8. The WLI annualized growth indicator (WLIg) fell to 4.5 from 4.8.

Tom McClellan's picture

The CBOE Volatility Index (VIX) has dropped below 12. Below 12!!! Surely this must be one of the signs of the apocalypse. Not so fast. A low VIX is a sign of option trader complacency, and complacency is a problematic sign for the market which can lead to a price decline.

Ryan Puplava CMT's picture

Since 1976 increases in the price of energy have had the highest correlation to 10%+ corrections than valuations, interest rates, or Fed tightening (see image below). The development of a fresh rise in energy prices will need to be watched by even the most bullish of economic forecasters.

Gary Dorsch's picture

After nearly six years of unprecedented intervention by the world’s top central banks, the world’s financial markets are hopelessly broken. What used to be accepted as market gospel and guided investors’ decisions in the marketplace, before the 2008 financial crisis, - no longer seems to apply in today’s marketplace.