Note: The details in the pulse survey this week are concerning – especially about loss in income and concern about…
Continue ReadingU.S. Heavy Truck Sales down 42% Year-over-year in June
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June…
Continue ReadingAnimal Spirits: The Future of Education
Today’s Animal Spirits is brought to you by YCharts Mention Animal Spirits to receive 20% off when you initially sign up for the…
Continue ReadingJuly 7 COVID-19 Test Results
The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some…
Continue ReadingIsland Bottom, Momentum and Buffett
Rare to see an island bottom. However, the one in UNG, the ETF for natural gas, had a classic one.…
Continue ReadingTime Average Bands: Qualifying Breakouts with BullWhip and BearCage
Studies with Bands applied have been around for a long time, and studies such as Bollinger and Keltner have been…
Continue ReadingUp and Down
This stat from @SentimentTrader blew me away: “The S&P 500 fund, SPY, has been up at least 0.5% for 5…
Continue ReadingMBA Survey: “Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39%” of Portfolio Volume
Note: To put these numbers in perspective, the MBA notes “For the week of March 2, only 0.25% of all…
Continue ReadingS&P 500 2020 Q1 Earnings: Lies, Damned Lies, and Earnings Estimates
The S&P 500 preliminary earnings results for 2020 Q1 are out, and based upon GAAP (Generally Accepted Accounting Principals) earnings,…
Continue ReadingSector Spotlight: Why 322 is Important for SPY
The first half of 2020 is “done and dusted.” On this episode of Sector Spotlight, I start with a quick…
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