#Surge

DeSantis Declares "State Of Emergency," Activates National Guard Ahead Of Hurricane Ian Update (1531ET):  Oil and gas producers in the Gulf of Mexico are evacuating workers and shutting down offshore platforms as Hurricane Ian barrels towards Florida. Bloomberg reported Chevron

Following the bounces in new- and existing-home sales in October, all eyes are on Pending Home Sales to complete the trifecta of 'proof' that housing is back baby... and it did rising 3.5% MoM (beating expectations of a 1.0% gain). The driver of the surge was The South (up 7.4% MoM) as September's

Having gapped open in the last few days, TWTR is surging once again today helped by positive comments from billionaire Mark Cuban that the social media site is "getting smarter" and "hiring the right people." Cuban's comments that he "bought shares recently" sent the stock to 3-month highs...

And so it begins. After exploding higher post-election, it appears the 'soft' survey data hype has begun to fade. Empire Fed's manufacturing survey tumbled most since May 2016 in April, almost erasing the entire post-election surge. New Orders (current and expected) slumped and average workweek

This trend does not appear to be your friend. Initial Jobless Claims are unchanged since February 2016 after today's 18k spike to 258k. The last 3 weeks have seen a 15% surge in claims - the biggest spike since May 2016 (and before that since Dec 2013).   One wonders how this is possible in an