Created many years ago, Volatility Time Bands came out of the need to be more dynamic in the computation of…
Continue ReadingThe Ord Oracle June 30, 2020
SPX Monitoring purposes: Long SPX on 6/25/20 at 3083.76. Monitoring Purposes GOLD: Sold GDX on 6/11/20 at 32.83=gain; long GDX…
Continue ReadingFOMC Minutes: Pandemic “Posed considerable downside risks to the economic outlook over the medium term”
From the Fed: Minutes of the Federal Open Market Committee June 9-10, 2020. A few excerpts: Over the intermeeting period,…
Continue ReadingHere Comes The Sun
I’m in the midst of a major life change. After 25 years in downtown Seattle, I’ve decided to move my…
Continue ReadingJune Employment Preview
On Thursday at 8:30 AM ET, the BLS will release the employment report for June (Friday is a holiday). The…
Continue ReadingMarket at Odds with Economy: June Jobs Preview
Pundits are calling the last two months’ rally on Wall Street the most disputed ever. With Covid-19 cases breaking records…
Continue ReadingConstruction Spending Decreased in May
From the Census Bureau reported that overall construction spending decreased in May: Construction spending during May 2020 was estimated at…
Continue ReadingISM Manufacturing index Increased to 52.6 in June
The ISM manufacturing index indicated expansion in June. The PMI was at 52.6% in June, up from 43.1% in May.…
Continue ReadingADP: Private Employment increased 2,369,000 in June
From ADP: Private sector employment increased by 2,369,000 jobs from May to June according to the June ADP National Employment…
Continue ReadingAnimal Spirits: Existential Hurricane
On today’s show we discuss: How cutting off the $600 relief checks could cause another recession Restaurants are closing Ben’s…
Continue Reading