On a monthly basis, retail sales increased 7.5 percent from May to June (seasonally adjusted), and sales were up 1.1…
Continue ReadingWeekly Initial Unemployment Claims decrease to 1,300,000
The DOL reported: In the week ending July 11, the advance figure for seasonally adjusted initial claims was 1,300,000, a…
Continue ReadingGranddad Russell 2000 Takes the Lead
Last week I did a piece called “Granny Retail Hangs Tough“. At the time, I noted “On the weekly chart,…
Continue ReadingThursday: Unemployment Claims, Retail Sales, Philly Fed Mfg, Homebuilder Survey
Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a 1.200…
Continue ReadingJuly 15 COVID-19 Test Results
The US is now conducting over 700,000 tests per day. Based on the experience of other countries, the percent positive…
Continue ReadingThe Ord Oracle July 14, 2020
SPX Monitoring Purposes: Neutral. Monitoring Purposes GOLD: Long GDX on 7/8/20 at 38.95. Long Term Trend SPX Monitor Purposes: Short…
Continue ReadingFed’s Beige Book: “Economic activity increased in almost all Districts, but remained well below where it was prior to the COVID-19 pandemic.”
Fed’s Beige Book “This report was prepared at the Federal Reserve Bank of Chicago based on information collected on or…
Continue ReadingCensus: Household Pulse Survey shows 34.9% of Households Expect Loss in Income
First, from @ernietedeschi Employment in the @uscensusbureau Household Pulse Survey fell another -1.3 million last week alone. It’s now fallen…
Continue ReadingCrude Oil Roll Date – August 2020
Tuesday, July 21st marks the Last Trade Date for the August 2020 Crude Oil futures contract. Active CL traders can…
Continue ReadingIndustrial Production Increased 5.4 Percent in June; Still 10.8% Below Pre-Crisis Level
From the Fed: Industrial Production and Capacity Utilization Total industrial production rose 5.4 percent in June after increasing 1.4 percent…
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