Market Overview

The Consumer Price Index for Urban Consumers (CPI-U) released last week puts the year-over-year inflation rate at 1.63%. It is substantially below the 3.76% average since the end of the Second World...

Today's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 143.9, unchanged from the previous week. Year-over-year the four-week moving average of the indicator is...

The University of Michigan Preliminary Consumer Sentiment for July came in at 93.1, down from the June Final reading of 95.1. Investing.com had forecast 95.0.Surveys of Consumers chief economist,...

Adding to silly Commerce Department reporting of “auto sales”, today we learn business inventories were up 0.3%, led by autos up 1.1%. The rise in inventories matched the Econoday...

Justice does not always get served in the stock market because financial markets are not always efficient in the short-run (see Black-Eyes to Classic Economists). However, over the long-run, financial...

Over the past week, all of my core market health indicators rose. As I suspected, we’re getting new highs and not a long term top… just yet.

Below is a summary of my post-CPI tweets. You can (and should!) follow me @inflation_guy or sign up for email updates to my occasional articles here.quick CPI review: last 3 months have been -0.12%,...

There were some technical indicators that suggested there was an opportunity for the US dollar to stage a recovery. However, the poor retail sales data and lack of upside surprise on CPI closed that...

Over the past 12 months and as of July 6, the Japanese equity market outperformed. The TOPIX index increased 31.1% and the Nikkei 225 30.5%. These figures compare with increases of 14.8% for the...

Gold posted strong gains into Friday’s North American session. Currently, spot gold is trading at $1229.80 per ounce and is up 1.03% on the day. On the release front, consumer data was soft, as...

The Census Bureau's Advance Retail Sales Report for June released this morning showed a slight decrease over the May figures. Headline sales came in at -0.2% month-over-month to one decimal. Today's...

Dow hits fresh record highUS stocks advanced on Thursday as Federal Reserve Chair Janet Yellen reaffirmed the dovish stance in her testimony to Banking Committee. The dollar was little changed: the...

The latest economic data came out this morning, and it indicates that, in spite of the Fed’s best efforts, inflation just is not kicking in. CPI fell for the fourth month in a row, and the US...

A 'Sintra accord' for the FX market? Recent central bank discussion - notably at the Sintra ECB policy forum - could mark the end of the currency war of recent years and allow for broader USD weakness...