weekly-initial-claims-continue-to-trend-higher

Weekly Initial Claims Continue to Trend Higher

Initial claims for regular state unemployment insurance fell 5,000 for the week ending July 23rd, coming in at 256,000. The previous week’s 261,000 was revised up from the initial tally (see first chart). However, by long-term historical comparison, initial claims remain very low (see second chart). The four-week average rose for the fifteenth time in…

democrats-hijacked-and-destroyed-the-gay-movement

Democrats Hijacked and Destroyed the Gay Movement

One of the most fascinating projects I worked on in political science grad school was a deep dive into the history of the gay rights movement. It’s really remarkable how few people – particularly those who now spearhead, vocalize, or ally themselves to the modern LGBT political movement – actually know this history. How few…

it’s-not-easy-being-green

It’s Not Easy Being Green

It’s Not Easy Being Green by David Reavill   With thanks to Kermit the Frog, he’s right, of course. It is not easy being green. To be always upbeat. Yet, for as long as I’ve known Wall Street, that’s how the Street behaves. Green, positive putting their best spin on any forecast. Pressure on the…

treasury-yields-are-collapsing…

Treasury Yields Are Collapsing…

Treasury Yields Are Collapsing… A combination of perceived dovishness from The Fed (seemingly re-engaging its ‘bad news is great news’ narrative) and this morning’s dismally worse than expected negative GDP print has prompted a collapse in Treasury yields. Rate-hike expectations are sliding fast (implying less than 90bps of additional hikes by year-end)… Sending the 2Y…

“expert”-narratives-are-collapsing

“Expert” Narratives Are Collapsing

“Expert” Narratives Are Collapsing Authored by Ian Miller via ‘Unmasked’ Substack, The house of cards continues to fall apart… General mask mandates for most of the country have all but ended. Outside of a few fanatical true believers like Los Angeles County and entertainment industry events like Comic-Con, almost no one is still mandating masks to go about…