The Lumber Crash

The Lumber Crash

A lesson in ‘risk happens fast’: Lumber will finish the month of August down 38% from its May high.  At the May peak it was up 45% for the year.  Now? 0ff 9% for the year.  Hat top Charlie Bilello  ...
Pepsi’s Pullback Reaches Major Support

Pepsi’s Pullback Reaches Major Support

  Back in early July Pepsi exploded to the upside following an impressive second quarter earnings report:  https://twitter.com/GarySMorrow/status/1016695465805516800. PEP reached a new rally high as August began after stretching its post earnings surge to nearly 10%. ...
Never Been Lower

Never Been Lower

Jobless claims, as a percentage of the Labor Force, have never been lower(data begins in 1967): \ For old times sake, Paul Krugman, Nobel Prize Winning Economist, the day after Donald Trump is elected President:  “So we are very probably looking at a global...