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Cory’s Chart Corner
Load MoreMany 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.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Monthly Archives: December 2011
Focus on the math to solve funding problems
Rhode Island is trying to boost its finances and fend off downgrades as it passes a broad reform of its pension system, with Gina Raimondo, Rhode Island general treasurer. The way to solve fiscal problems is to leave politics aside, … Continue reading
Short-covering-santa-rally–lumps of coal likely to follow
Today stock markets are springing back on low volume from a streak of losses in December and year to date. Big bursts of headline-hope is a recurring feature of on-going bear markets. Today there is another wave of relief inspired … Continue reading
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More cause for pause
Two charts worth noting today. One courtesy of John Williams via John Hussman showing the dramatic decline in the hard-to-fudge totals for Federal Withholding Tax deposits over the past six months. Whereas payroll earnings numbers have improved over the past … Continue reading
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