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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.
Monthly Archives: August 2021
Spending splurge bill coming due
The good news, as shown below, is that Spain, Canada and the UK are on track to have 70% of their populations fully vaccinated against COVID-19 within weeks (green shows the percentage with both shots and grey those with the … Continue reading
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Priced out
Friday, it was news that US consumer confidence fell 13% from July into August to 70.2 (vs 81.3 expected), the lowest since 2011. Yesterday, it was news that US retail sales for July—purchases at stores, restaurants and online—fell 1.1% compared … Continue reading
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The Long Shadow of Covid-19
This worthwhile discussion considers some of the lasting health impacts of COVID-19 and its potential economic implications. SPECIAL WEBCAST | The Long Shadow of Long Covid: An Economic Threat https://t.co/vdxWLi2tCA via @hedgeye — Keith McCullough (@KeithMcCullough) August 18, 2021 Here … Continue reading
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