Inventory-Driven Positive US Growth Surprise Is a Chimera
The advance estimate of US real GDP for 1Q 2019 (reported before export and import data for March are available) showed a surprisingly strong...
475 Views
Seismic Shift in Fed's View Driven by Anaemic M2, Implying US$-Weakness and an EM-Positive Year
Fed chairman Jay Powell's extraordinary flip-flops over the past 3 months have left his communication strategy in tatters (unsurprising, given that...
592 Views
House Loss Is a Mild Setback for Trump; Yield Curve Likely to Flatten as Fiscal Challenges Emerge
The US has returned to divided government, after two years in which the Republicans controlled all branches of government. The Republican majority...
483 Views
Direct Selling Sector Analysis: Currency Exchange Moves to Headwind in 3Q
After 4 quarters of largely favorable currency comparisons for the Direct Selling companies we follow, Avon Products (AVP US), Herbalife Ltd (HLF...
421 Views
US Dollar: Rally from February Is in Its Later Stages
DXY is ending a 5-wave rally off the February low. For clearer completion, we need to see a smaller 5-waver up from the 14th June low finish off...
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