A Note Of Thanks
Readers, I just received the March traffic report for this here blog. We set an all-time record, by a long shot. Thank you!
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Three Snowstorms to Hit Northeast - Heating Oil Prices to Spike (Video)
By EconMatters
Winter is blasting the Northeast in April. Three snowstorms back to back to hit the Northeast, it appears winter is lasting longer than usual for this part of the country. Natural gas futures have spiked, HO Futures haven`t moved much yet.
https://www.youtube.com/watch?v=TM6LnQRzOJI
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Silver Is Coiled Spring and Will “Explode Higher”
Silver Is Coiled Spring and Will “Explode Higher”
Manufacturing Recession Deepens: Factory Orders Drop To Five Year Low; 16 Consecutive Declines
In 60 years, the US economy has not suffered a 16-month continuous YoY drop in Factory orders without being in recession. Moments ago the Department of Commerce confirmed that this is precisely what the US economy did, when factory orders not only dropped for the 16th consecutive month Y/Y, after declining 1.7% from last month...
... but at $454 billion for the headline number, this was the lowest print since the summer of 2011.
Market reaction: stocks rebound on the news and are now well in the green.
ISM New York Drops To September Lows As All Components Decline; Employment Plunges
While last week's Chicago's PMI staged a strong bounce from its recent contraction and back into expansion, New York did not. ISM New York just printed at 50.4, just barely above the contraction point, and the lowest headline print since mid 2015.
The extremely noisy time series continues to swing, this time lower, with every single underlying component deteriorating in the month of March.