April 12, 2023
Is the Current Labor Market Tighter than Even the “Feel Good Times” Pre-Pandemic? The question on the minds of many is, given an (amazingly) still-tight labor market means consumers are still working/making money, incomes are…
April 4, 2023
The U.S. Treasury’s Cash on Hand is Running Very Low; Should This Scare Equity Bulls? As displayed in Ex. 1 below, following last week’s drain of $76.0bn, the federal government is running dangerously low on…
March 29, 2023
Should One be Buying Steel Stocks (i.e., US Steel and Cleveland Cliffs), or Selling them? In light of our recent double downgrades of both US Steel (X; SELL) and Cleveland Cliffs (CLF; SELL), we wanted…
March 22, 2023
Graphite Electrode Prices “Quiet” this Week After Big Declines; US HRC Prices Appear to be Stabilizing. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite…
March 15, 2023
Graphite Electrode Prices “Quiet” this Week After Big Declines; US HRC Prices Appear to be Stabilizing. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite…
March 10, 2023
Should Investors Worry that US M2 is Officially Falling as the Velocity of M2 Stages a Violent Resurgence? As we’re seeing with Silicon Valley Bank (SIVB; NC), free money, while attractive when it’s flowing, can…
March 8, 2023
Graphite Electrode Prices Give Back (Even More) of the Recent Gains. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite electrode substrates in RMB and…
February 28, 2023
The Fed’s Inflation Problem is Turning into a “Horror Movie”. As we have said many times, the Fed’s measuring stick for its 2% inflation target is the Personal Consumption Expenditures (“PCE”) price index, and specifically…
February 21, 2023
Global Central Banks Saw Their Combined Balance Sheets Fall -$237.1B 2/8/23-to-2/15/23, Led by the ECB’s -$127.0B Week-over-Week (“WoW”) Fall. We are of the mindset that the surge in global liquidity since the onset of COVID…
February 13, 2023
What is the Best Measure of Liquidity, and is the Recent “Reckless” Infusion of Liquidity by the Fed the Real Reason Stocks Have Surged Since 2009? In short, looking at the .OLIQ G INDEX on…
February 5, 2023
There has been an Earthquake at Quant Funds that Has Sent Meme Stocks (TSLA + AMC + COIN + GME + BBBY + etc.) Soaring; is it Sustainable? The bears have been decimated this year,…
January 30, 2023
While Many Claim the “Inflation Monster” has Been Slayed, with December Services Inflation Spiking and Core PCE Re-Accelerating (Balanced, Modestly, by Goods Inflation Plunging) We Foresee a More Hawkish Powell Later this Week. As is…
January 18, 2023
Graphite Electrode Prices Give Back (Even More) of the Recent Gains. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite electrode substrates in…
January 11, 2023
Graphite Electrode Prices Give Back Some of the More Recent Gains. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite electrode substrates in…
January 8, 2023
Metals & Mining Weekly – The ECB Reacts to Surging Inflation by Draining Huge Chunk of Liquidity & Hiking Rates at Record Pace The European Central Bank (“ECB”) Can’t Seem to Tame the “Inflation Beast”….