Institutional investors around the world turn to Cornerstone Macro for Economics, Policy, Strategy, Technicals, Energy, and Options research.
Nancy Lazar highlights the recent rebound in our daily consumer confidence measure suggests some upside to holiday sales despite otherwise sluggish fundamentals. Overall, spending is in a slowing trend that we expect to continue into 2020. #economics #consumer
Wonder why the USD remains resilient?? China’s investment bubble continues to deflate. That’s all you need for a secular bullish #USD story (inverted in chart). China’s pain is America’s gain. $DXY $UUP. The USD probably doesn’t weaken much in 2020. This story has plenty of legs
In our base-case scenario, if a progressive is elected president, global oil prices would increase $35 per barrel and US GDP would be 0.5% lower five years later. We project an outright ban on fracking would send oil prices to $150 per barrel and likely produce a US recession.
There could be a pullback in store, says Chart Master Carter Worth of @csm_research, and he's got not one, not two, but SEVEN charts to prove it.
Nancy Lazar highlights that the U.S. Energy Renaissance is insulating the U.S. economy from geopolitical concerns, weighing on inflation, and creating a more diverse economy. #economics #energy