Created many years ago, Volatility Time Bands came out of the need to be more dynamic in the computation of…
Continue ReadingUncategorized
The 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