StanleyC

Lakshman (businesscycle) showed his leading indicators showing no signs of an economic trough. He showed "The Volcker Cocktail" of decelerating growth and aggressive global central bank tightening.

S&P 500 bears missed yesterday‘s opportunity to force a decisive close lower – several key sectors led the intraday recovery even though bonds weren‘t on board. The Fed minutes‘ initial dovish interpretation duly gave way to the still accented hawkish decisions ahead – it‘s still reasonable to e

History rhymes as people tend to react similarly to similar price changes. What we see in gold right now is a repeat of almost a decade ago. Gold is performing just as in 2013, and it has extremely important implications for the following weeks. Since I keep reading about how supposedly bullish the

(CNN Business)Dodge, famous for offering cars with big and powerful V8 engines, is phasing out some of its iconic, gas-powered muscle cars in favor of electric power. To ease fans into this new era, the company has opted to mimic some muscle car sensations — including shifting gears and a loud exhau

New York (CNN Business)Wendy's is getting a makeover. The burger chain has unveiled a redesign that places an "emphasis on convenience, speed and accuracy." Restaurants will have new pick-up windows, a more technologically advanced kitchen and a spruced up interior. Wendy's first redesign will debut

US manufacturing and jobs data shows improvement, with outperformance over Europe and the potential for a risk-off move helping to lift the dollar. Philly Fed manufacturing survey lifts dollar to three-week high “The dollar index has broken to a three-week high today, with fears of a potential toppi

Summary The Leading Economic Index declined for the fifth consecutive month in July and continues to point to a deterioration in economic activity. We don't yet think broad economic conditions are consistent with recession. But activity is slowing, and the trend decline in the index supports our vie

US secondary home market continues to shrink. Over July, they have fallen by a further 5.9%. The uninterrupted fall has been going on for the last six months, during which annualised home sales have fallen from 6.49 million to 4.81 million. The inventory of unsold homes is back to a historical norm

Summary Resales Decline in July Existing home sales fell 5.9% to a 4.81 million-unit pace during July, the sixth straight monthly drop. Single-family sales declined 5.5%, while condo and co-op sales fell 9.1%. Total sales are now running 20.2% below the pace registered during the same period last ye

Although gold barely reacted to the July FOMC minutes, the Fed worries about an economic slowdown. That bodes well for the long-term outlook for gold. Yesterday (August 17, 2022), the FOMC published the minutes from its last meeting from the end of July. They don’t reveal many surprises for the mark

Mainland Norway's economy expanded in the second quarter after contracting in the previous quarter, preliminary data from Statistics Norway showed on Thursday. Gross domestic product of the mainland rebounded 0.7 percent from the first quarter, when it declined 0.4 percent. That was in line with eco

The pound advanced against its most major counterparts in the European session on Thursday amid risk appetite, as the minutes of the Federal Reserve's July meeting showed that officials were willing to slow the pace of interest rate hikes at some point in its fight against inflation. Fed minutes sho

After reporting contractions in Philadelphia-area manufacturing activity in the two previous months, the Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity unexpectedly returned to growth in the month of August. The Philly Fed said its diffusio