Written by Mish
Global demand for natural gas continues to skyrocket in the wake of Russia's invasion of Ukraine.
Over the last year, demand for LNG has risen incredibly, as have LNG stockpiles. The United States is competing with Australia …
ARKK may be the most extraordinary example of sheer brilliance and horrific money management combined.
We all watched ARKK fly to its peak in early 2021. And we all watched ARKK tumble to nearly 70% of that peak this year …
First off, before we get to the UGLY markets and economic backdrop, we wanted to wish you and your families a Happy Independence Day holiday weekend.
Without our freedoms, which include free market capitalism and the right of every investor …
Written by Mish
Some History First
In 1972, supply shortfalls, rising demand, unrest in Pakistan, and the devaluation of the dollar all contributed to a large increase in the price of sugar.
By February of 1974, rising inflation, rising demand …
Written by Mish
Stocks are primarily unchanged or trading slightly higher as pressures from rising food and energy prices persist.
As I reiterate, among the war's immediate external financial implications are disruptions in global supply lines for cereals, fertilizers, metals, …
Written by Mish
Although GDP growth is a crucial measure of economic activity, it is not the most significant factor to consider when predicting future stock market returns since it is a lagging economic indicator.
Yet, it seems like everyone …
Written by Mish
U.S. crude oil continues to rise after a pullback late last week to around the mid-$90s per barrel.
However, the price is hitting short-term resistance around $109-$110 for the time being.
The USO oil ETF over the …
Can you make sense of this?
Two weeks ago, the markets experienced a brutal sell-off (S&P 500 down -6.1%) due to inflation rhetoric, rising gas prices, 75 bp Fed Funds rise, and the fastest acceleration of the 10-year US Treasury …
Written by Mish
I woke up to headlines on my Twitter feed Friday morning:
"POWELL: US HAS A VERY STRONG, WELL RECOVERED ECONOMY."
Jerome Powell said a soft landing is still "possible," but conceded recession was also a possibility in …
Written by Mish
To be clear, the economy is not currently in recession. There remains roughly $2.5 trillion in excess savings and a robust labor market, although that might be changing.
Furthermore, fixed business investment is still strong and continues …
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