morning note/Q2 GDP
Today we’ll quantify to what extent the US economy is one step closer to ending the recession when Q2 GDP is expected out with a...
New Classifications for Personal Consumption Expenditures (Wonky)
Today, we get the Bureau of Economic Analysis (BEA) comprehensive, or benchmark, revision of the national income and product accounts...
Backbone Not Likely in Fed’s Exit Strategy Toolkit
Good Evening: Just when market participants had grown used to the stock market’s recent pattern of falling in the morning and...
On Q2 Bank Earnings and IRA Ratings, Very Briefly
I thought the readers of TBP might be interested in where we are with the development of our bank ratings and also which banks we...
Ned Davis on Secular vs. Cyclical Bull Markets
Mark Hulbert looks at the question of whether this is a once-in-a-generation stock market low (secular bull market) or a mere...
10 Links (Thursday edition)
That worked out well yesterday with the focused daily linkfest. Once again, 10 links: • Dow Sends Buy Signal That’s Worked Since...
Inflation Adjusted SPX Earnings
Chart of the Day provides this job dropping perspective on the current earnings environment: 12-month S&P 500 earnings, relative to...
Who Made Money as the Market Tanked?
You probably got a bit poorer last year amid the market meltdown. So did most of us. But one group thrived, making an average of $215,000...
7 year note auction
The 7 year note auction was good as the yield was about 3 bps less than expected. The bid to cover of 2.63 was above the average seen in...
RSI in the NDX, highest since Jan 2000
With another run today higher, the 14 day RSI (relative strength index) in the NDX is now at the highest level since Jan 2000. Momentum...