Wednesday, May 25, 2016

Services PMI Near Record Lows As Stocks Approach Record Highs

A deterioration in the survey data for May deal a blow to hopes that the US economy will rebound in the second quarter after the dismal start to the year." -- Chris Williamsen at Markit, commenting on this data.

Tuesday, May 24, 2016

Correlation Between USDJPY Currency Pair and Stocks

This correlation between the Japanese Yen and stocks has been demonstrated for a very long time. Does the Bank of Japan control the US stock market? It sure looks like it!

Richmond Fed Contracts Most Ever Recorded

The drop in the last 2 months is the largest in the 23 year history of the survey.