Michael Shedlock's picture

Retail sales rose a mere 0.1% in November according to the Census Department Advance Monthly Retail Trade Report. The increase was against an October reading revised from +0.8% to +0.6%. Effectively, sales declined, led by autos.

Adrian Ash's picture

Gold prices sank to new 10-month Dollar lows Thursday as the US currency surged and Asian stock markets followed Wall Street lower after the Federal Reserve raised its key interest rate for the second time in 12 months.

Urban Carmel's picture

Global equities are more than 20% higher than in February. A tailwind for this rally has been the bearish positioning of investors, with fund managers persistently shunning equities in exchange for holding cash.

Marc Chandler's picture

As was the campaign and the initial appointments, the election of an unorthodox candidate promises to change the way things are done in Washington. However, just as there were some continuities between Obama and Bush...

Clif Droke's picture

The word “collapse” instantly conjures primal feelings of both fear and excitement whenever we hear it. We fear it because it evokes our collective belief that collapse is fatal and final, yet it excites our imagination to the possibility...

Adrian Ash's picture

Gold prices held $10 per ounce above yesterday's new 10-month low in London on Tuesday, trading at $1162 as bond prices ticked higher, nudging US Treasury yields down from fresh 18-month highs ahead of tomorrow's Federal Reserve...

Michael Shedlock's picture

The race between states is on. And it will escalate. Congratulations to Michigan for leapfrogging every other state in acceleration of the global push for driverless vehicles. Michigan not only became the first state to allow driverless testing...

Tom McClellan's picture

Gold prices have shown an unusually strong correlation to bond prices this year. This is not normal, and the two are not usually marching in lockstep like this. The strong correlation began around May 2016. It may just be a coincidence that...

Neil Howe's picture

With Donald Trump’s stunning victory, a sense of change is sweeping across nations and financial markets worldwide—change that has citizens feeling more unsettled than ever about the future. This is likely to further boost an industry...

Ben Hunt PhD's picture

I’ve written a lot about The Common Knowledge Game – here, here, and here – because it’s the game of markets, i.e., it’s the central contribution of game theory to understanding how markets work. I’ve also written a lot about...

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