It isn't just the automobile industry that, globally, has been mired in recession. We have also noted the stunning collapse in heavy duty trucking orders over the last 18 months, as the industry continues to deal the consequences of aggressive over-ordering in 2018 and a domestic economy that simply isn't supporting growth Class 8 trucks like it once did. For instance, we reported just two weeks ago that trucking company Navistar had cut more than 1,300 jobs.
The "this is easy" market continues on the first trading day of 2020. While business media focuses on gains in stocks, the rest of the market is frowning at the surge in gold, the plunge in bond yields and the gains in the dollar...
"overall rate of expansion nevertheless faltered somewhat in December and remains well below that seen this time last year, suggesting producers are starting 2020 on a softer footing..."
...one day the stock market 'falcon' will no longer hear the Fed 'falconer', and the Pavlovian magical thinking will break down as the market goes bidless...
The first trading day of 2020 has started where 2019 left off: with global markets blasting off in a continuation of the powerful meltup that sent US equity futures up 18 points to 3,250 on Thursday, just shy of all time highs.
Like all “shining stars” some are mistaken for “shooting stars” – which are actually rapidly moving meteors that burn up upon entering the Earth’s atmosphere. Which type of star is today's Market?
Despite the newly announced U.S. sanctions against the Nord Stream 2 project, Russia says it will build and launch next year the natural gas pipeline that has divided Europe for half a decade...
With 30Y mortgage rates tumbling by 120 bps over the past year, the US housing market enjoyed a year of overall stability, and the data confirmed it. Yet not everyone could take advantage...
The PBOC will cut the required reserve ratio by 50bps for commercial lenders, in the process releasing about 800 billion yuan ($115 billion) in liquidity from the cash-strapped financial system.
