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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: August 22, 2013
Inside Tesla
CNBC sits down with the man behind the wheel at Tesla to ask him how he feels about producing one of the safest and most popular automobile on the road. Here is a direct video link.
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Generation Jobless
There was a time when a University degree assured you a of good job, good pay and a comfortable life. Not any more. Today, the unemployment rate for young people in this country is close to 15% – double that … Continue reading
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S&P 500 trading days: portrait of a farce
This chart captures yesterday’s price moves in the S&P 500 leading up to the Fed minutes at 2pm and thereafter.Note the low volume ramp and the high volume dump swings as algos jump to “trade the news”. No doubt some … Continue reading
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