Wednesday, March 9, 2016

Leading Indicators Suggest Slower Growth … Crude Inventories … Wholesale Inventories … Stock Market Rebound is Over … Clinton’s Email Defense Blew Up … Stock Market Analysis

LEADING INDICATORS POINT TO SLOWER GROWTH (Global Economic Trend Analysis)
“IMF changed its tune today [Tuesday] in the wake of miserable trade data from China. Also today, the Organization for Economic Co-operation and Development (OECD) joined the IMF today with a warning about global growth. The OECD specifically warned that leading indicators for the United Kingdom, the United States, Canada, Japan and Germany suggest easing of growth.” Commentary at…
http://mishtalk.com/2016/03/08/oecd-warns-leading-indicators-point-to-slower-global-growth/
 
CRUDE INVENTORIES UP (Street Insider)
“U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week. At 521.9 million barrels, U.S. crude oil inventories are at historically high levels for this time of year.” Story at…
http://www.streetinsider.com/Commodities/UPDATE%3A+Crude+Inventory+%2B3.88M+Barrels+vs+%2B3.2M+Expected/11404635.html
 
WHOLESALE INVENTORIES RISE (Reuters)
“U.S. wholesale inventories unexpectedly rose in January as sales tumbled, suggesting that efforts by businesses to reduce an inventory overhang could persist well into 2016 and restrain economic growth.” Story at…
http://www.reuters.com/article/us-wholesale-inventories-idUSKCN0WB1VS
 
REBOUND IS OVER – GUNDLACH (MarketWatch)