Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.…
Continue ReadingCrude Oil 10-Year Lead Update
Given the wild price action this year in both the stock and oil markets, I figured it was time to…
Continue ReadingWhy Would Anyone Invest Right now?
On this edition of What Are Your Thoughts? Josh and I spoke about Is there a such thing as learning…
Continue ReadingJune 30 COVID-19 Test Results
The US is now conducting over 500,000 tests per day, and that might be enough to allow test-and-trace in some…
Continue ReadingFannie Mae: Mortgage Serious Delinquency Rate Increased in May
Fannie Mae reported that the Single-Family Serious Delinquency increased to 0.89% in May, from 0.70% in April. The serious delinquency…
Continue ReadingLas Vegas Visitor Authority: “No Convention Attendance, Hotel Occupancy 2.8%” in May
From the Las Vegas Visitor Authority: May 2020 Las Vegas Visitor Statistics Reflecting the continued shutdown in place due to…
Continue ReadingSector Spotlight: S&P Losing Momentum
On this episode of Sector Spotlight, I check the seasonality for the month of July, but no clear over- or underperforming…
Continue ReadingTesla (TSLA) Is Driving Through Resistance
Tesla has been a leading auto stock ($DJUSAU) since it bottomed at 176.99 on June 3, 2019, but few traders…
Continue ReadingFed Chair Powell: “Coronavirus and CARES Act” at 12:30 PM ET
Here is Fed Chair Powell’s prepared testimony: Coronavirus and CARES Act The livestream is here starting at 12:30 PM ET.
Continue Reading“Chemical Activity Barometer Falls Slightly In June”
Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Falls…
Continue Reading