Sunday, June 25, 2017


  • The National Association of Realtors said US existing home sales rose 1.1% to  5.62 million units last month. The number of homes on the market rose 2.1%, but supply was down 8.4% YoY. Housing inventory has dropped for 24 straight months.

  • (SD Union) San Diego based Guild Mortgage has launched a 1% down payment mortgage. (back to ZERO soon)

  • U.S. current account deficit widens a bit to 2.5 percent of GDP.

  • Ford announced that it would be moving the production of its Focus compact car from Michigan to China in 2019. Under pressure from Trump, Ford scrapped its plans to build a $1 billion plant in Mexico that would've produced its Focus.

  • Wall Street is fretting that the U.S. auto industry is heading for a downturn..

  • Business confidence in Asia rose to a three-year-high in Q2 of the year.

  • German PPI -0.2% vs. -0.1% forecast

  • Japans YoY 14.9% increase in exports was below the estimate for a 16.1% annual increase but was nonetheless the biggest rise since January 2015.
  • Japan's government raised its overall view of the economy for the first time in six months by saying the recovery is intact.
  • YoY Mexico's annual inflation rate rose to 6.3% faster than expected and the highest in more than eight years – so  Mexico raised its benchmark rate by a quarter point to 7.00%.
  • The Bloomberg Agriculture Index is at the lowest since Dec. 2008. Sugar, Corn, Coffee etc. all down.

Monday, June 19, 2017


  • The Fed raised  rates by a 1/4 to a target range of 1.00%  to 1.25% and is  forecasting one more hike this year. The Fed  wants to begin  shrinking  its 4.5 trillion balance sheet…

  • The U.S. sentiment index has dropped to 86.7 from 97.7 prior to June.

  • U.S. consumer prices fell 0.1% last month, disappointing forecasts for an increase of 0.1% and following a gain of 0.2% in April.

  • MoM U.S retail sales fell 0.3% in May, below forecasts for a gain of 0.1%

  • CoreLogic reports that U.S. mortgage delinquencies in March dropped to a 10-year low.

  • In the UK, support for Brexit is collapsing…

  • There are 16 million Bitcoin addresses with $61 or less and only 1780 with more than $608,000.  Last week’s high was almost $3,000 to a low of $2,076. It closed out on Friday at $2,485.

  • China's central bank left interest rates unchanged.

  • Chinese industrial production 6.5% vs. 6.3% forecast

  • Chinese retail sales 10.7% vs. 10.6% forecast

  • A Hong Kong parking space sold for $664,300

  • Monsoon predicts a normal monsoon for 2017 and suggests that June to September rainfall will be 98 percent of the Long Period Average  May 30, 2017, was the official onset date for the 2017 Southwest Monsoon when showers hit southern India.  

  • A significant portion of internet traffic isn't real. It's perpetuated by bots, fake accounts set up to artificially inflate the popularity of a website, social media post, or advertisement. On Sunday, the world got a rare look at what the click fraud business really looks like.

Sunday, June 11, 2017

Baltic Exchange Dry Index (BDI) is up to date


  • While the U.S. was transfixed on Comey’s testimony, the GOP moved quietly to clear out and repeal America's Great Recession/Bank fail-safe - Dodd-Frank. Expect the next bank related crisis to arrive asap! 
  •  US wholesale inventories fell 0.5% in April after increasing 0.1% in March. 
  • UK sees first fall in consumer spending in 4 years as wage growth stalls and prices rise.
  •  Japan Core Machine Orders fell 3.1% In April 
  • Japan Producer Prices Unchanged In May 
  • YoY China's PPI rose 5.5% in May, versus an expected gain of 5.7 % and slower than the 6.4% increase in April. 
  • In Q1 the euro zone economy grew  at its fastest rate in two years. 
  • MoM World food prices rose 2.2%. 

Sunday, June 04, 2017


  • Brazilian industrial production fell -4.5% vs. -5.7% forecast 
  • Brazil trade surplus hits all-time high of $7.7 billion in May 
  •  China’s manufacturing PMI for the month of May contracted to 49.6 vs 50.1 exp. and 50.3 last – not so good. 
  • Industrial output in Japan advanced 4.0% MoM in April 
  • Industrial production in South Korea was down 2.2 % MoM 
  • LA JOLLA, CA – May 29, 2017 – Scientists at The Scripps Research Institute  have given new superpowers to a lifesaving antibiotic called vancomycin, an advance that could eliminate the threat of antibiotic-resistant infections for years to come.

Monday, May 29, 2017


  • (F.T) Subprime-scarred banks retreat from $1.2tn US car market

  • U.S. consumers now owe roughly $12.73 trillion to banks and other lenders for mortgages, car loans and credit card spending, according to the New York Fed - exceeding the total before the last financial crisis.

  • U.S. GDP increased at an annual rate of 1.2% in Q1

  • Japan's core consumer prices rose at their fastest pace in two years in April, increasing 0.3 % YoY

  • Britain's GDP growth during Q1 of this year stood at a disappointing 0.2%

  • Confidence among South Korean consumers over economic conditions rebounded as the new government was launched. The composite consumer sentiment index (CCSI) stood at 108.0 in May, up 6.8 points MoM.

  • (Morningstar) Managed-futures funds are in the midst of their largest drawdown in recent history. During the past three years through the end of April 2017, the 36 unique funds in the managed-futures Morningstar Category with histories at least that long had an average maximum drawdown of 13.4%.