Author: Mish

Sixty-six percent of Americans now support legalizing marijuana, another new high in Gallup’s trend over nearly half a century.

The Fed’s “Beige Book” is a compilation of economic activity by each of twelve Federal Reserve districts.

We now have a new tentative date for a trade deal with China: May 27 or Sometime in June.

Wholesale inventories rose 0.2% in February. The inventory to sales ratio is elevated.

The Cass Freight Index, a measure of truck shipments is down for the fourth consecutive month year-over-year.

JPMorgan, BofA post record results on the back of retail divisions. BofA says it is prepared if a recession hits.

Industrial production unexpectedly slipped in March, down 0.1% vs an expected gain of 0.3%.

As part of a trade deal, the US and China will both keep $50 billion in tariffs. Trump asked China…

Goldman Sachs leads the way this quarter on “beat the street” silliness.

Theresa May, the worst negotiator in history, splintered the Tories so badly the Brexit Party is nearly even in polls.