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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 17, 2020
WHO: ‘wake up call’ in alarming rise in COVID-19 cases
As recorded cases near 30 million globally, the latest report from the World Health Organization is a sober reminder that the COVID-19 train wreck is still in motion. There are growing concerns in Europe at what is being seen as … Continue reading
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Oil demand disappoints bulls
Oil offers further proof that, at the zero-rate bound, monetary policy is pushing on a string, unable to increase consumption. In reports released last week, both the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) … Continue reading
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Dollar and treasuries call Federal Reserve bluff
Yesterday the US Fed offered its next iteration of low policy rates for longer, and longer, and longer with a promise that it would not hike for (at least) another three years in its effort to manufacture price inflation above … Continue reading
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