From the Philly Fed: May 2020 Manufacturing Business Outlook Survey Manufacturing firms reported continued weakness in regional manufacturing activity this…
Continue ReadingWeekly Initial Unemployment Claims decrease to 2,438,000
Update Another error this week: “In Massachusetts, PUA initial claims for the week ending May 16 were 115,952.” With MA…
Continue ReadingBlack Knight: National Mortgage Delinquency Rate Increased Sharply in April, “Largest Single-Month Increase Ever Recorded”
Note: Loans in forbearance are counted as delinquent in this survey, so the delinquency rate jumped in April. From Black…
Continue ReadingThursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg
Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a 2.500…
Continue ReadingMasks Off – Or is That Risk Off?
Tuesday night, we reminisced that, on February 5th, I wrote in a blog, “Although the last couple of days brought…
Continue ReadingCorporate Restructuring Post Coronavirus: Carve-outs Represent Attractive Opportunity, but Execution Risk is High
Corporate Restructuring Post Coronavirus: Carve-outs Represent Attractive Opportunity, but Execution Risk is High Get The Full Warren Buffett Series in…
Continue ReadingTrump Gives Backdoor Bailout To Major Polluter With Shady PastÂ
Chesapeake Energy, Main Beneficiary of BLM’s Lease Suspensions, Has Been Fined Nearly $14 Million In Environmental Penalties and $25 Million…
Continue ReadingPhoenix Real Estate in April: Sales down 27% YoY, Active Inventory Down 22% YoY
The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales were at 6,925 in April, down from…
Continue ReadingMay 20 COVID-19 Test Results, AND Great News on the Next Step
In addition to having enough tests for test-and-trace, we also need people to conduct the tests. There is a great…
Continue ReadingRedefining Swing Points with Heiken-Ashi and Hi/Lo Count
Back in 2006, my first book, Trading Time: New Methods in Technical Analysis, dedicated over 120 pages to the multitude…
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