This morning’s ISM services report has investors feeling reassured about the prospects of future economic growth and rightfully so. Despite the worse than expected results the latest readings are still [ … ]
Category: Chart Of The Day
(Just Charts)
DIGGING OUT OF A VERY DEEP HOLE
Not to rain on the parade today, but I think some perspective is necessary with regards to the state of the job’s market. In this morning’s note David Rosenberg puts [ … ]
THE ISM COULD BE PREDICTING TOUGHER SLEDDING FOR THE S&P 500
It might be time for investors to temper their expectations for future equity returns. That’s what the ISM Manufacturing data could be forecasting given its recent correlation with the S&P [ … ]
OIL PRICES STILL CONSISTENT WITH PAST RECESSIONARY LEVELS
Below we show the ratio of WTI to the core CPI, which recently crossed the 40x threshold for just the third time in history. As you can see, it only took a break of 20x to bring on the recessions of 1973-75, 1990-91, and 2001. A breach of the 40x level occurred in November 1979 and October 2007 (recession began two months later, both times).
VISUALIZING THE FOOD & ENERGY CRUNCH
Shades of 2008 in this data….As we see housing prices continue to slide, food and energy prices are surging and eating into consumer spending. The following chart shows the food [ … ]
GOLDMAN’S HEDGE FUND VIP LIST
The following is Goldman’s VIP (Very Important Positions) list – the 50 most widely held names by the hedge fund universe as tracked by Goldman Sachs
COMMODITY PRICES, WORLD DEMAND & FUN WITH GOVERNMENT DATA
There’s this chart going around courtesy of the San Francisco Fed that supposedly shows how commodity prices are not being at all influenced by Fed policy and speculators. In short, [ … ]
DID YOU KNOW?
Some interesting factoids here on the Japanese economy courtesy of Nomura. As previously discussed, the death of the Japanese economy is severely overhyped…. Did you know Japan’s net debt is [ … ]
DON’T FIGHT THE FED & THEIR FRIENDS….
Here’s what happens when the central bankers of the world join forces to stop market forces from going against their wishes. Equity futures have bounced 1.5% since the coordinated intervention. [ … ]