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  1. March Comex Silver “Deliveries”

    about 1 hour ago
    Silver Doctors
  2. Mark Cudmore: "Why I Don’t Believe In...

    about 1 hour ago
    Zero Hedge
  3. You Know It's A Global Debt Bubble...

    about 1 hour ago
    Zero Hedge
  4. Bad Brexit Deal Better Than No Deal...

    about 2 hours ago
    Zero Hedge
  5. Bezos Bursts Above Buffett To Become...

    about 3 hours ago
    Zero Hedge
  6. Konstantin Richter: "The Dirty Dozen...

    about 3 hours ago
    Zero Hedge
  7. Despite Record Highs, Brexit Still A...

    about 4 hours ago
    Zero Hedge
  8. Iran's President Rouhani Visited...

    about 5 hours ago
    Zero Hedge

Trade Idea of the Day Presented by: Ulli... The ETF Bully

Stocks Rebound In The Face Of A Rallying Dollar And Higher Rates

Stocks Rebound In The Face Of A Rallying Dollar And Higher Rates from Ulli... The ETF Bully [Chart courtesy of MarketWatch.com] Moving the Markets Yesterday, I talked about how the Dow was on its worst losing streak since 1978 if it would hit one more down day. That dubious record was prevented... Read More

Strong 7Y Auction Rounds Off Weekly Treasury Issuance

Following two medicore auction earlier in the week, moments ago the Treasury concluded the week's issuance of paper with a strong sale of $28 billion in 7 Year Notes, which priced at a yield of 2.215%, (with a 19.2% allocation at the high yield), stopping through the When Issued of 2.219% by 0.4% bps, likely aided by this morning's ECB news as well as a reduction in corporate issuance leading to less rate locks, which in turn offset the lack of a short interest heading into today's auction where the repo rate on 7Y paper was a comfortable +0.30%....

Zillow Forecast: "Case-Shiller national index is forecast to grow 6 percent year-over-year" in February

The Case-Shiller house price indexes for January were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: February Case-Shiller Forecast: Year-Over-Year Price Gains to Continue Annual gains in the S&P CoreLogic Case-Shiller home price indices are expected to maintain their smoking pace in February, while month-over-month gains are expected to slow, according to Zillow’s...

NAR: Pending Home Sales Index increased 5.5% in February, up 2.6% year-over-year

From the NAR: Pending Home Sales Leap 5.5% in February. The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, jumped 5.5 percent to 112.3 in February from 106.4 in January. Last month's index reading is 2.6 percent above a year ago, is the highest since last April (113.6) and the second highest since May 2006 (112.5). The PHSI in the Northeast rose 3.4 percent to 102.1 in February, and is now 6.6 percent above a year ago. In the Midwest the index jumped 11.4 percent to 110.8 in February...

BuzzFeed Preparing For 2018 IPO

With the S&P just shy of all time highs, and in the aftermath of the reasonably successful - for now - Snapchat IPO, the procession of companies set to go public has a new and somewhat surprising entrant: according to Axios, BuzzFeed is quietly making preparations to go public in 2018. While its financials remain opaque and its growth appears to have plateaued, Axios notes that "the widely (and poorly) copied BuzzFeed, which began as a "great cat site" and now has foreign correspondents and a massive BuzzFeed Motion Pictures studio in L.A.," has become "a defining brand of the Internet age", for better or worse...

MBA: Mortgage Applications Decrease Slightly in Latest Weekly Survey

Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 24, 2017. ...The Refinance Index decreased 3 percent from the previous week. The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 2 percent compared with the previous week and was 4 percent higher than the same week one year ago. ..

Monte Paschi May Have Received Solvent-Status "Fudge" To Get Bailout

To make sense of the Monte Paschi debate, you have to start with a 2014 law known as the Bank Recovery and Resolution Directive, which sets out the EU's bank-failure rules. The law assumes that if a firm needs "extraordinary public financial support," this indicates that it's failing and should be wound down. In that process, investors including senior bondholders can be forced to take losses. An exception, known as a precautionary recapitalization, is allowed for solvent banks if a long list of conditions is met. As the name suggests, this tool isn't intended to clear up a bank's...

These Are The Best And Worst U.S. Cities To Own A House

In its latest, January, update of US home prices, Case-Shiller reported that the unadjusted 20 city composite index, rose at a 5.9% annual rate, up from 5.7% last month and setting a 31-month high. Perhaps even more notable is that in 17 of 20 metro areas, the pace of home appreciation over the past year was 5% or higher, or more than double the pace of core inflation. And with rents continuing to soar across the country, in many cases at a double digit clip, not to mention exploding healthcare costs, one wonders just what the BLS "measures" with its monthly...

Richmond Fed: Regional Manufacturing Activity Expanded in March

From the Richmond Fed: Manufacturing Firms Upbeat in March with Shipments, New Orders, and Employment Indexes Rising. Manufacturers in the Fifth District were generally upbeat in March, according to the latest survey by the Federal Reserve Bank of Richmond. The index for shipments and new orders both rose and employment gains were more common. This improvement led to a composite index for manufacturing that rose from 17 in February to 22 in March — the strongest reading for that index since April 2010. In addition to improvement in the employment index...

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