Michael Shedlock's picture

Self-driving truck maker Otto will conduct tests in Ohio this week, on Ohio route 33 and the Ohio turnpike. Next year, the route 33 corridor is scheduled for fiber-optic cable network and sensor systems to aid autonomous driving.

Matthew Kerkhoff's picture

Part of the essence of Dow Theory has to do with confirmations, which at their root level look for congruencies in the marketplace. With many indicators frequently moving in different directions, alignments across key market barometers...

Jeffrey D Saut's picture

Two of the longest secular bull markets chronicled in our notes began following Republican “revolutions.” The 1953 to 1973 bull market sprung from Eisenhower’s election (1952) and the subsequent infrastructure spending. The 1982 to 2000 secular bull...

Robert Rapier's picture

Earlier this month the U.S. Geological Survey (USGS) announced the largest estimate of continuous oil that it has ever assessed. The area assessed is in the Permian Basin, a region that has been producing oil continuously for nearly 100 years. Below I will get into the specifics...

Urban Carmel's picture

Increasing global trade is not the primary culprit in the decline in US manufacturing employment. Again, output is at an ATH. Manufacturing jobs have fallen with new technology and other means for increasing productivity. The number of employees needed to make the same...

Kurt Kallaus's picture

The dreaded recount has begun in this “mini-me” version of the 2000 Bush vs. Gore election. In 2000 there were merely hundreds of votes in one state deciding the election. Complicated by unclear ballots and court battles, it took 5 weeks to resolve leaving a divided electorate...

Charles Bolin's picture

The expectations of US GDP growth have slowed to 1.7-2.0% for the next 5 to 10 years. High market valuations and slow growth are toxic in the medium term. Demographics and high debt levels are likely to slow growth over the next decade or two. 2017 tax, trade, and...

Andrew Zatlin's picture

The consensus was overwhelmingly wrong because of accidental survey bias. It’s the difference between theory and reality, and it gets tripped up in the basics of methodology. Current approaches follow a wisdom-of-the-crowds approach where multiple predictions...

Adrian Ash's picture

GOLD PRICES touched a 3-session high of $1221 per ounce early in Asian trade Tuesday, recovering three-quarters of last week's 1.6% drop before easing back as world stock markets extended their gains and bond prices slipped again, nudging interest rates higher...

Kurt Kallaus's picture

Commensurate with the resplendent stock market records and faster economic growth rates are the surging interest rates on elevated inflation expectations. A “yuuge” beneficiary of rising yields is the banking sector. After 2 years of stagnant earnings, the bank stocks...

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