Precious metals holdings in ETFs have increased in 2020. Gold ETFs currently hold 104.2 million ounces of gold, an increase of 25.7% from...

An extraordinary quarter for equities. The S&P 500 increased 20% for the quarter, the best performance since 2011. With tech stocks conti...

It's only one company but Fastenal sells products to a wide range of industrial customers and provides a glimpse into production activity...

Here is another sign of just how extraordinary the recent government and Federal Reserve actions have been; the money supply measured by ...

The S&P 500 has rebounded by 39.1% from this year's closing low on 3/23 while the Euro Stoxx 50 index is up 37% from it's closing low on ...

U.S. oil rig count fell to 258 or 62% from December 2019. This is a level not seen since 2009. Crude oil production, using the DOE weekly...

Profit margins had been elevated until this year but are still above average. The top panel of the chart shows S&P 500 profit margin in o...

Fastenal daily sales were up 6.7% during April. Sales of safety equipment were up 119.7%, more than offsetting the fastener decline of 22...

Real yields negative and that doesn't take into account taxes. Currently, the 10-year U.S. treasury constant maturity yield is 0.72% (blu...

Here's a historical look at stock vs. bond valuations. This simply compares the S&P 500 earnings yield (E/P or inverse of P/E) to the 10-...

Used car prices in the U.S. during the first 15 days of April fell 11.8% from March according to Manheim. If this holds for the remainder...

The turmoil (pun intended) in the crude oil markets this week suggests it's time for a review of futures markets. The roll yield causes a...

WTI crude futures crashed today. The May futures contract plunged $55.90, settling at a -$37.63. Yes, you read that correctly, a negative...

Total motor gasoline inventory in the U.S. has surged to highs during a period when inventories typically fall. The chart is a 10 year se...

As a follow-up to my LinkedIn post 2 weeks ago regarding bank loan loss reserves, results this week from major banks have shown a 4X incr...

As a follow-up to my post last week on Fastenal, the company reported results. The crucial month of March saw daily sales of $21.5 millio...

Rig counts down dramatically following the rapid fall in energy prices. The Baker Hughes U.S. Crude Oil Rotary Rig Count fell 58 rigs, or...

The Baltic Dry Index fell from 10-year highs last fall to lows this February. The index is a measurement of shipping rates over various r...

Large-caps had already outperformed small-caps since mid 2018 but the ratio of the Russell 1000 to Russell 2000 has surged in the last mo...

As mentioned in my post yesterday on ISM, timing of surveys makes a difference. Today's jobs numbers are from surveys conducted mid-month...