The Dow, carry trades and high yielding currencies all ended the week on a strong note thanks to the lack of new financial sector blowups and stronger US economic data. Although the rebound has been sharp, equities and currencies are still below the points that they broke down from last week which means that [...]

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Durable goods in the month of July was the hottest in 3 years (5.9% headline, 3.7% ex trans) as demand for communications, aircraft, machinery and metals provided a sharp boost to big ticket orders. For those looking for the US economy to fall into a recession, these numbers are certainly not supportive. Yet [...]

Posted in Carry Trades, Durable Goods, Home Sales, US Dollar, US Economy No Comments »