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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 27, 2015
“When it rains it pours”: weak demand hitting earnings
As we have been discussing for months, a soaring US dollar and weak global demand are hammering the earnings of US multinationals. Much to the consensus ‘surprise’ of course… Caterpillar Chairman and CEO Officer Doug Oberhelman told CNBC on Tuesday … Continue reading
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