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…
Continue ReadingNY Fed: Manufacturing “Business activity increased in New York State” in July
From the NY Fed: Empire State Manufacturing Survey Business activity increased in New York State for the first time in…
Continue ReadingAnimal Spirits: This is A Bubble
Today’s Animal Spirits is brought to you by Masterworks, sign up here. Disclaimer here On today’s show we discuss: Elon…
Continue ReadingWednesday: Industrial Production, NY Fed Mfg, Beige Book
Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.…
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