Charles Hugh Smith's picture

Nobody really believes the official narrative that the "recovery" is powering the remarkable strength of U.S. stocks, bonds and real estate. The real Main Street economy is quite obviously struggling, outside the energy and Federal government sectors, and so...

BCA Research's picture

There are high odds of further gains in coming months as business confidence picks up, and hiring and capital spending gain traction leading to a narrowing output gap.

Global Risk Insights's picture

The deadly Ebola virus has continued to spread across West Africa, with dire secondary effects on the affected countries’ economies.

Stratfor's picture

Russia and Ukraine continue to confront each other along their border. Iraq has splintered, leading to unabated internal warfare. And the situation in Gaza remains dire. These events should be enough to constitute the sum total of our global crises, but they're not.

Jeffrey D Saut's picture

Evidently, the “lucid dreamers” on Wall Street practiced their skills two weeks ago as professional traders were sneaking large “buy orders” into the equity markets on the closing bell. Simultaneously, the Commitment of Traders’ Report showed those same traders were dramatically reducing their “short sale” bets.

Sober Look's picture

China's official housing index now shows home price appreciation slowing faster than some had anticipated. Other indicators are also pointing to weakness in China's housing markets. For example the number of cities with falling prices has spiked sharply.

Thomas J Smith CFA's picture

Perhaps I should put quotation marks around the word "smart" in the title. Early in the month the smart money was saying we were going to roll over. They based this on the action of the bond market.

Detlev S Schlichter's picture

The data was not really surprising and neither was the response from the commentariat. After a run of weak reports from Germany over recent months, last week’s release of GDP data for the eurozone confirmed that the economy had been flatlining in the second quarter.

Puru Saxena's picture

Over the past few weeks, geo-political tensions have increased in various parts of the world and we have also experienced a sovereign debt default. Despite these developments, the majority of the stock markets have held up relatively well and so far...

Chris Puplava's picture

There are two catalysts I see that could spark a deeper correction after the present relief rally runs its course. The first being the most obvious is a further escalation on the Ukraine/Russian front and the second is a slowdown in US economic growth stemming from prior inflationary pressures.

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