Poll of the Day Recap: 68% are Bullish on China
Today's poll asked if readers are Bullish or Bearish on Chinese equities. At the time of this post, 68% of voters are Bullish, and 32% are bearish.
Cartoon of the Day: GDP Reality Check
US GDP for the first half of 2014 is 0.87% annualized (Old Wall was looking for +3-4%) and is slowing again sequentially in Q3.
Darden $DRI: Light Gets In
Clarence Otis is stepping down as Chairman and CEO of Darden Restaurants.
Sleep Training the Markets
The interesting thing about global markets of course is that global risk can happen all at once. Any of you that have invested and thrived over the last decade know this fact only too well. As of late, so do those investors that have parked capital in Portugal.
CHART OF THE DAY: Keeping a Close Eye on the Dollar
If you only look at a 6-7 month (YTD) chart of the US Dollar Index, it really hasn’t done anything. That said, it could go up or down a lot from here. If it continues to track both Fed Policy and the rate of change (slope of the line) in US Growth, there’s no reason why it can’t go straight back down to $79.5. But what if US growth continues to slow, the Fed gets incrementally dovish, and Draghi gets even more dovish?
Cartoon of the Day: Retro Bubbles
One by one, central planners at the Fed are blowing up bubbles so big that, like Jim Carey in "The Truman Show," we start to live inside them.