November

US Factory Orders Surprise To Upside In November

Amid a resurgence of the virus and the concomitant lockdowns, weakness in PMIs, and rising joblessness, analysts still expected Factory Orders to rise in November and they did… more than expected. US Factory Orders rose 1.0% MoM in November (more than the +0.7% expected) and October was revised higher to +1.3% MoM. That is the…

Mobile Home Frenzy: RV Shipments Soar 43% In November

America’s RV craze continues. According to the RV Industry Association’s survey of North American manufacturers, all-towable RV shipments soared 46.3% in November to 38,485 from 26,297 a year earlier,  All motorhome shipments rose 20.3% last month to 4,028 from 3,347, and total RV shipments grew 43.4% in November to 42,513 from 29,644. As Americans can…

The US Money Supply Was Up 37 Percent In November

By Ryan McMaken In November, money supply growth rate was essentially unchanged from October and remains near September’s all-time high. The stabilization we find in money-supply growth in recent months comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. Historically, the…

November Payrolls Huge Miss At Just 245K Jobs Added, Unemployment Rate 6.7%

As noted earlier in our preview, consensus expected a return to weakness in the labor market as surging Covid-19 case counts have led to to a return of lockdown measures, which explicitly means less hiring and sure enough moments ago the BLS reported that in November, a paltry 245K jobs were added, a huge miss…

November Payrolls Preview: It’s About To Get Ugly Again

After several months of blistering job growth, economists expect the rate of US jobs growth to cool sharply in November, with consensus looking for 478k nonfarm payrolls to be added to the economy (well below the 638k seen in October) due to the broad-based resurgence of the coronavirus and related business restrictions which are consistent…

“A Recordbreaking Month”: These Were The Best And Worst Performing Assets In November And YTD

With stocks posting record returns in virtually all global markets, it will come as no surprise that according to Deutsche Bank’s Henry Allen, November was a great month for financial markets as 34 out of the 38 non-currency assets in the bank’s sample rose, which also means that 27 of them are now up on…

Daily Briefing – November 13, 2020

Daily Briefing – November 13, 2020 Tyler Durden Fri, 11/13/2020 – 18:55 Real Vision CEO, Raoul Pal, and senior editor, Ash Bennington, discuss the growing shutdown measures in the U.S. even as the S&P 500 makes all-time highs. Looking at declining mobility data, Pal explores how the prospect of a full lockdown in the U.S…

“Remember, Remember, The 5th Of November…”

“Remember, Remember, The 5th Of November…” Tyler Durden Thu, 11/05/2020 – 05:00 Authored by Gloria Moss via Off-Guardian.org, At midnight tonight, November 4-5 a second lockdown begins in the UK, with scant justification and amid a storm of propaganda. On the same day at the same time 415 years earlier another momentous event was announced, amid a…

Daily Briefing – November 2, 2020

Daily Briefing – November 2, 2020 Tyler Durden Mon, 11/02/2020 – 18:10 Real Vision senior editor, Ash Bennington, welcomes Tommy Thornton, president of Hedge Fund Telemetry, to break down his framework for trading markets as the U.S. Presidential election rapidly approaches. Thornton looks at market sentiment and trader positioning, concluding that investors are net long…