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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Beach

Beach

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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
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*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars

Friday, March 30, 2012

Friday's Mixed Data

There was mixed data released on Friday.

The graphs below show that Personal Spending was up while Personal Income was down...this seems to be a re-occurring theme, as I last reported in my post of March 1st. Add to this the information from my post of March 7th, and it seems that the consumer is headed for disaster. How long it's sustainable is anybody's guess.


The graph below shows that the Core PCE Price Index was down. As noted on the graph, this is rumoured to be the Federal Reserve's favourite inflation measure...more on this in my post of January 25th.


The graphs below show a decrease in the Chicago PMI, while Revised UoM Consumer Sentiment rose.


It would seem to me that the only thing the Fed cares about are unemployment and its own adopted formula of inflation measurement, as has been stated repeatedly in their "Dual Mandate" policy. As long as their "inflation" number stays below their targeted 2% range (with some "allowances" made along the way to achieve an acceptable level of unemployment), I doubt whether they will relax their inventive monetary easing tactics any time soon. However, if the U.S. does, in fact, enter into a recession by the middle of 2012, as noted in my post of March 27th, the markets may begin to react to negative data releases by then. Until then, I don't think they have much meaning.