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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter After truck manufacturers eat up their backlogs, then what? Orders for heavy trucks plunged by 69% in June compared to June last year, to 13,000 units, … Read more
While ISM Manufacturing looks ripe for another (material) drop next, cyclical equities don't care. Maybe as market participants seem to believe that Jerome Powell will save the equity momentum another … Read more
by Martin Armstrong We have the most sophisticated and diverse client base than probably any institution covering more than 100 countries. Our business has been constructed upon one bedrock foundation – unbiased computer … Read more
via Jill Mislinski A cyclical downturn in construction sector growth is underway, and set to intensify. We know this from monitoring leading indexes specific to major sectors of the economy, whose distinct cyclical … Read more
With Hurricane Michael bearing down on the Florida panhandle and Hurricane Leslie spinning toward Europe, corporate media will have you believe its the first time this is happening, but if … Read more
by Lance Roberts I always enjoy reading John Stepek’s work at MoneyWeek. Just recently he addressed the question of where are we in the current market cycle. To wit: “In his … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Orders for Class 8 trucks in August jumped 153% from a year ago to 52,400 trucks, beating by a smidgen the orders in July, which had … Read more
by Martin Armstrong A metronome is an instrument to measure the time and that the musicians use for their work. One of the most curious phenomena is observed when … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “It’s a bizarre occurrence and it will not be resolved soon.” Orders for Class 8 trucks in July jumped 187% from a year ago to 52,250 … Read more
via Nordea A flat USD-curve could be a sign for long-term investors to load up on EM again, especially relative to cyclicals, as the ISM index will likely continue south. … Read more
via WAINE VAN VUUREN Despite the U.S. leading economic indicators appearing healthy, the global economy appears to be headed for a slowdown, with only 34% of the 40 countries we track … Read more
Authored by John Mauldin via MauldinEconomics.com, The FAANG stocks have ruled the technology sector the last few years and have had a heavy influence on the entire stock market. Apple is the … Read more
BY JOHN MAULDIN The FAANG stocks have ruled the technology sector the last few years and have had a heavy influence on the entire stock market. Apple is the world’s most valuable company … Read more
By David Stockman Last week’s twin 1,000 point plunges on the Dow were not errors. Instead, these close-coupled massacres, which wiped out $4 trillion of global market cap in two days, marked the beginning of … Read more