Drop

Waiting For The Other Shoe To Drop…

Authored by Michael Snyder via The Economic Collapse blog, Do you feel like another major crisis could erupt at any moment?  If so, you are certainly not alone.  Here in 2020, it has just been one thing after another, and we have come to expect the unexpected.  Right now, so many people that I am…

CPI Comes In Hotter Than Expected On Hotel, Airline Fares; Used Car Prices Drop

The latest inflation print for the month of November came in hotter than expected, with the BLS reporting that headline and core CPI rose by 0.2%, above expectations of a modest 0.1% increase. Both prints were 0.0% in October.  The food index decreased 0.1% in Nov. after rising 0.2% in Oct, while the Energy index…

Oil Prices Drop After OPEC+ Reaches Deal, Will Boost Output In January

Update (1155ET): OPEC+ has finally reached a deal on a small hike of 0.5MM barrels/day in January, along with a monthly review of global market conditions and whether adjustments must be made, sending oil prices sliding as investors are forced to revise their supply forecasts. As the factious talks dragged on without a deal, the…

There Has Been A Sudden, “Huge” Drop In COVID-Testing In The US

The positive covid vaccine results from Pfizer last Monday, and again from Moderna today, could not have come sooner (although if they had, the outcome of the presidential election would have been vastly different for Trump, whose claims that a vaccine would be discovered this year were met with mockery by NBC’s fact checkers). Media…

Momentum Massacre Trounces Tech Stocks; Bonds Drop, Bullion Pops

Since the Pfizer vaccine headlines hit, markets have gone just a little bit slightly turbo with Small Caps up over 4% and Mega-Cap tech down almost 6%… But don’t overdose on all that exuberance… Nasdaq found support at its Zero Gamma level once again… This is the biggest two-day surge in value over growth in…

China CPI Tumbles To 11 Year Low After First Drop In Pork Prices Since Feb 2019

In the latest confirmation that China can not be relied upon to reflate the world out of the covid crisis the same way it succeeded to pull the global economy out of the 2009 depression, moments ago Beijing reported that in October, China’s CPI inflation rose just 0.5% Y/Y in October, below the 0.8% market…