Fed Balance Sheet Drops by $42 Billion in May, Sheds MBS at Fastest Pace, Starts the Reverse of Operation Twist by Wolf Richter • Jun 6, 2019 • 56 Comments But where the heck is the “U-Turn?”
Here’s My Prediction: If the Fed Doesn’t Cut Rates 3 or 4 Times by Dec 11, Markets Are Going to Crap by Wolf Richter • Jun 6, 2019 • 95 Comments Stock market and corporate bond market are in la-la-land, pricing in an economic boom. They’re not seeing a rate-cut economy. So why would the Fed?
What Collapsing Orders for Heavy Trucks – Down 71% from a Year Ago – Say about the U-Turn in Trucking by Wolf Richter • Jun 5, 2019 • 26 Comments “When times are tough, the thinking switches to the short-term. Many fleets are just fighting for survival.”
Crucial US Service Sector Growth Sends Conflicting Signals by Wolf Richter • Jun 5, 2019 • 22 Comments The “yeah but” shows up again.
Global Semiconductor Sales Plunge 24% from Peak, Deepest % Plunge since Financial Crisis, Deepest $ Plunge Ever. Here’s Why by Wolf Richter • Jun 4, 2019 • 74 Comments A slew of reasons, the China debacle on top.
Treasury Market Acts Like the Economy is in a Death Spiral, But Wait… by Wolf Richter • Jun 4, 2019 • 65 Comments Transcript of my podcast.
FANGMAN Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” into Google, Apple, Facebook, Amazon by Wolf Richter • Jun 3, 2019 • 51 Comments My fancy-schmancy FANGMAN index dropped 4.3% today, the most since December 24.
US Cleanest Dirty Shirt Among Manufacturing Giants: Germany at Crisis Level. China, Japan, South Korea Contract by Wolf Richter • Jun 3, 2019 • 47 Comments Exports-at-all-costs for economic growth comes home to roost.
THE WOLF STREET REPORT by Wolf Richter • Jun 2, 2019 • 63 Comments The Treasury Market Acts Like the Economy is in a Death Spiral, But Wait…
Dow 25,000! Oops… by Wolf Richter • May 31, 2019 • 106 Comments Nasdaq down 8.7% in May. S&P 500 back to Jan 2018. Russell 2000 down 15.7% from peak, back to Sep 2017. FANGMAN except Microsoft get creamed.
