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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: April 2, 2015
Key recessionary indicator issues warning
The stock market media is trying to sell a positive spin on this morning’s confirmation that US factory orders increased .2% in February after falling for 6 consecutive months. The larger story however, is that January factory orders, that had … Continue reading
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Frank: A Life in Politics
I don’t agree with all of Barney Frank’s take on the origins of the financial crisis (he and others under the Bush administration failed to rein in the mortgage underwriting of Fannie and Freddie that played a major role in … Continue reading
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Zell: “I’m looking for demand, and find very little of it”
“There’s a significant and growing disparity between the stock market and the economy,” Billionaire Sam Zell said on CNBC’s “Squawk Box.” “I’m looking for demand, and I find very little of it.” U.S. multinational companies are facing significant competition overseas … Continue reading
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