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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: May 22, 2008
Japan's trade surplus falls by half despite ongoing emerging market demand
The drag of present oil prices is evident today in Japan’s trade surplus data for April. Japan’s trade surplus (exports over imports) “tumbled by a worse than expected 46.3% in April due to the rising cost of energy imports and … Continue reading
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The truth about global oil consumption
The following chart lends perspective on who is exerting the greatest demand on global oil supplies. The source of the data is from BP and Nationmaster. The chart is from the Sudden Debt blog. I have not yet found a … Continue reading
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