Author Archive
Euro area business climate, US small business employment, Japan retail sales, Australia
Economic Releases
Nov 29, 2019
Happy Thanksgiving to all! Who would’ve thought? ;) Australia Q3 Private Investment Falls More than Estimated Private capital expenditure in Australia dropped by 0.2 percent quarter-on-quarter in the three months to September 2019, following a revised 0.6 percent fall in the previous period and compared with market expectations of a 0.1 percent
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Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals
Economic Releases
Nov 27, 2019
In contraction: Deceleration that was temporarily interrupted by the tax cuts has resumed with the tariffs: The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia decreased to -1 in November 2019 from 8 in the previous
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Trucks, Chemicals, Oil, Fed comments
Economic Releases
Nov 26, 2019
America’s largest truck-engine manufacturer just announced 2,000 layoffs — and it’s another sign of the trucking ‘bloodbath’ that’s slamming the $800 billion industry Volvo announces mass layoffs due to lack of demand for trucks US Chemical Output Slows in October As Manufacturing Cools Oil Drillers Continue to Remove Rigs From Permian Basin
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Top news, Chicago Fed, Dallas Fed, Philly Fed, Fed coincident indicators
Economic Releases
Nov 25, 2019
Top news!!! ;) Deceleration most everywhere: Chicago Fed National Activity Index Falls Unexpectedly The Chicago Fed National Activity Index fell to -0.71 in October from -0.45 in September and below market forecasts of -0.43. That was the lowest reading since April, as all four categories made negative contributions to the index. Production-related
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US PMI’s, KC Fed, Euro area services, UK services, Germany services and GDP
Economic Releases
Nov 22, 2019
Tariffs taking their toll and no end in sight as global deceleration continues for both goods and services. These surveys are up a bit this month but still very low and too soon to suggest a reversal: Note how this blipped up last month but then resumed the downtrend: Deceleration resumes after
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Home sales, Philly Fed, Claims, Fed staffers, US leading index, Australia
Economic Releases
Nov 22, 2019
Historically depressed and rolling over: The Philadelphia Fed Manufacturing index for current general activity rose by 4.8 points from the previous month to 10.4 in November 2019, beating market expectations of 7.0. Meanwhile, the indexes for current shipments and new orders fell 17.8 points and 9.1 points respectively. In addition, the current
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Architecture Billings Index, Mortgate purchase apps, Trade deal
Economic Releases
Nov 21, 2019
My take is that our President is focused on the $US he’s collecting from the tariffs which he construes as ‘winnng’: Markets more fearful about trade war, but still see chance for phase one deal and tariff rollback
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Housing, Eurozone construction, Singapore, Consumer comfort, Air freight
Economic Releases
Nov 19, 2019
You can see from the charts how depressed this cycle has been, and how housing has stalled out overall for the last few years, and all with ultra low mortgage rates: Permits which are more volatile have ‘spiked’ back to 1965 levels when the population was about half: A relatively small economy
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Corp cash allocations, DB charts, Global light vehicle sales
Economic Releases
Nov 18, 2019
Corporate cash flow turning?
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Rig count, Retail sales, Industrial production, NY Manufacturing, Atlanta Fed
Economic Releases
Nov 18, 2019
More bad news for oil related capital expenditures: U.S. Rig Count Crashes Again: Loses Nearly 100 Rigs In 3 Months Highlights The Baker Hughes North American rig count is down 17 rigs in the November 15 week to 940. The U.S. rig count is down 11 rigs from last week to 806
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