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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: January 13, 2015
World growth barometers breaking bad
As Dr Copper ‘gave’ $2.60 a pound this afternoon–another day down more than 4% (-38% from its 2011 ‘stimulus’ rebound)–mean reversion that was, no doubt, slowed by future’s trading, hoarding and rigging, is finally underway. Commodities, of nearly every stripe, … Continue reading
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Conf. Bd: Alberta entering recession this year
And just like that, Canada’s growth engine implodes: Alberta likely to enter recession this year. The Conference Board of Canada says Alberta will likely face a recession this year due to the plunging price of oil. The economic think … Continue reading
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