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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.
Daily Archives: September 11, 2012
US dollar index update
As the risk trade rallies with the latest phase of Euro miracle hopes, the US dollar index has weakened in its now typical teeter totter relationship this week, testing longer-term support in the 78-80 range. Here is an updated picture … Continue reading
Longer Shilling clip
Bloomberg finally posted a longer clip of Gay Shilling’s appearance yesterday for those that missed it live. Gary Shilling, president of A. Gary Shilling & Co. talks about the U.S. stock and bond markets, his investment strategy, and the outlook … Continue reading
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Ground control to Major Tom
As the Algo machines continue to pump stocks this morning on bets for ‘endless’ liquidity injections from central bankers, real world data offers (anyone who wishes to see) some clarity on the truth about the weakness in our consumer led … Continue reading
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