Experts Weigh In: Presidential Policies and Their Potential Commodity Consequences
Capital Economics predicts that the U.S. election won’t have an immediate major effect on commodities, but could shape oil and natural gas markets in the long run. A Trump victory might support more drilling and potentially lead to higher U.S. oil demand, while Harris would likely maintain current policies. Gold prices could benefit from a […]
Ford Reportedly Idling F-150 Lightning Production For Seven Weeks Amid Sluggish Demand
Ford Reportedly Idling F-150 Lightning Production For Seven Weeks Amid Sluggish Demand Demand for the Ford F-150 Lightning pickup must be so abysmal that the legacy automaker is reportedly planning to shutter the production line for the EV truck in the coming weeks through the end of the year. This should be no surprise to readers, given that the Tesla Cybertruck […]
Lame Yuck! With Nothing To Lose, Biden Goes On Baby-Mouthing Spree At White House Halloween Party
Lame Yuck! With Nothing To Lose, Biden Goes On Baby-Mouthing Spree At White House Halloween Party One night after punching a new hole in the sinking ship that is the Kamala Harris campaign — and with no political future of his own to tamp down his impulse to put his mouth on children — President Joe […]
Initial Jobless Claims Plunge To 6-Month-Lows
Initial Jobless Claims Plunge To 6-Month-Lows With the impacts of the hurricanes wearing off, initial jobless claims plunged last week to 216k (from 228k) – the lowest since April… Source: Bloomberg North Carolina has retraced all of its job losses from Helene and Florida is starting to recover from the claims spike after Milton… Source: […]
Fed’s Favorite Inflation Indicator Hotter Than Expected In September
Fed’s Favorite Inflation Indicator Hotter Than Expected In September The Fed’s favorite inflation indicator – Core PCE – printed hotter than expected in September (+2.7% vs +2.6% exp), flat with August’s 2.7% rise… Source: Bloomberg The headline PCE rose 0.2% MoM, which dragged down YoY PCE to +2.1% – its lowest since Feb 2021… Source: […]
Futures Slide Dragged By Meta, Microsoft
Futures Slide Dragged By Meta, Microsoft Futures fell ahead of the busiest day of the earnings season, dragged down by META and MSFT which are both down about 4% following last night’s earnings releases. As of 8:00am ET S&P futures are down 0.6%, but off session lows; Nasdaq futures retreat about 0.7% after Microsoft and Meta […]
Is The Left Preparing For War If Trump Wins?
Is The Left Preparing For War If Trump Wins? Authored by Lee Smith via RealClearPolitics, The propaganda campaign labeling Donald Trump as an aspiring dictator determined to use the military and national security apparatus against his political opponents is designed not to affect the upcoming election but rather to shape the post-election environment. It is […]
High Yield Bonds: Excess Spread Vs Excess Optimism?
High Yield Bonds: Excess Spread Vs Excess Optimism? Authored by Charles de Quinsonas via BondVigilantes.com, With the US Treasury curve yielding above 4%, high yield (HY) bonds still offer mid-single digit yields. As of the end of September, US high yield, European high yield and emerging markets (EM) corporate high yield bonds were offering 7.0%, […]
Halloween Spending Expected To Fall Short Of 2023 Record
Halloween Spending Expected To Fall Short Of 2023 Record After hitting a record high in 2023, U.S. consumer spending for Halloween items like candy, decorations and costumes is expected to drop by $600 million to $11.6 billion, according to data from the industry group National Retail Federation (NRF). Despite the decrease, Statista’s Florian Zandt notes that this still […]
Harvard Memorial Church To Host “Reading Taylor Swift As A Sacred Text” Event
Harvard Memorial Church To Host “Reading Taylor Swift As A Sacred Text” Event Authored by Jennifer Kabbany via The College Fix, A Harvard Memorial Church student program is slated to host a “Reading Taylor Swift as a Sacred Text” tonight. The Tuesday evening event is organized by the Memorial Church Student Program Coordinator & Multifaith […]