Vehicle Sales Forecasts: Best April in “13 Years”

The automakers will report April vehicle sales on Friday, May 1st. Sales in March were at 17.05 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales will be strong in April too.  April sales (SA) will probably be the best since 2005.Note:  There were 26 selling days in April, the same… Read More..

Reader Question: Is the Minimum Wage Really a Maximum Wage?

A reader asked me if I ever hired someone for the minimum wage. He also believes the minimum wage is really a maximum wage.From Drew ... Mish, I’m curious if you have ever had to actually pay someone minimum wage to work for you week in, week out, year after year?I’ve signed plenty of paychecks… Read More

Market Summary

The Nasdaq composite index achieved a notable achievement on Thursday when it reached a new closing high for the first time since March 10, 2000. Back then, the Nasdaq swelled as investors were euphoric about the possibilities of many ... Recent Commentaries |… Read More

Market Turning Points

Last week, SPX tried to make a new high but was restricted by heavy resistance to only fractional gains which immediately attracted sellers. The daily and hourly indicators make it questionable that it will succeed in going much higher ... Recent Commentaries |… Read More

Market Report: Back into The Bear Suits

The DOW could do with making a new all time high to potentially complete a possible ending diagonal which in turn could end a larger 5 wave move from the October 2011 lows. Once the DOW puts in the new all time highs its then I will start to ... Recent Commentaries |… Read More

Greece Boils Over; No Rules, Just Right; German Rabbits

The inevitable in Greece gets closer and closer. Looking back, I wonder how many rabbits in the hat there were. More importantly, how many still remain? I believe the answer to the latter question is zero. Yet, I also point out the propensity of German chancellor Angela Merkel to prolong the "not on my watch"… Read More

Weekend Market Forecasting and Trading Report

Our short-term key trend-finder indicators for Blue Chips moved to a Sideways signal April 23rd, as the Purchasing Power Indicator triggered a Buy, at odds with the 30 and 14 day Stochastic Indicators. They remain on a Sideways signal ... Recent Commentaries |… Read More

Durable Goods Orders Up but Core Capital Goods Negative Again

Durable goods orders are somewhat of a mixed bag today, but beneath the headline rise, weakness is easy to find. The Bloomberg Consensus was for a 0.5% rise, and the actual result was a whopping 4% gain due to transportation. Yet, transportation for last month was revised lower, and excluding transportation durable goods orders shrank.More… Read More

Schedule for Week of April 26, 2015

The key report this is week is Q1 GDP on Wednesday.  Also the FOMC will meet on Tuesday and Wednesday, and release a statement on Wednesday.Other key reports include the March Personal Income and Outlays report on Thursday, April ISM manufacturing index on Friday, April vehicle sales on Friday, and the Case-Shiller house prices on… Read More

April 2015: Unofficial Problem Bank list declines to 342 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for April 2015. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for April 2015. During the month, the list fell from 349 institutions to 342 after nine removals and two additions. Assets… Read More