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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: June 3, 2011
QE3? Maybe…what will you do about it?
As I often tell my kids, there is no accounting sometimes for how crazy people can be. “Crazier than a shit outhouse rat,” as my Grandpa used to say, shaking his head. We know now that QE2 was a bust, … Continue reading
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Central bank intervention killing the economy with “kindness”
No surprise, the jobs report was very weak this morning but it failed the consensus expectations significantly. As of the end of May, unemployment moved backed above 9%, May Non-farm payrolls came in at 54K, down from 244K, and not … Continue reading
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