US Industrial Production Fell for 11th Month Running $DIA, $SPY, $QQQ, $VXX Industrial production declined for the 11th consecutive month in July, -0.5% from July 2015, the fact that it has lasted for nearly a year now is significant. On a monthly basis, production is up from its low in March particularly in the past […]
Once High End Retailer Nordstrom’s (NYSE:JWN) Now a Discount Store $JWN JW Nordstrom’s off-price Rack is thriving, its full-line stores still may have a way to go to fully enter the discount space. In its Q-2, total comparable sales fell 1.2%. It is important to look at the breakdown: comparable sales for its full-line business […]
New US Single-family Home Sales Post Biggest Gainer in 24 yrs $DIA, $SPY, $QQQ, $VXX New US single-family home sales recorded their biggest across the board gainer in 24 years in April, tapping a more than 8-year high. Tuesday’s report from the US Commerce Department, also showed a rise in new home prices to a […]
Wednesday’s Outlook for WTI & Brent Crude Oil $USO, $OIL Tuesday, Wall Street saw a choppy day, warring between weaker US macro-economic data and firm energy prices. Despite falling early in the day, both DJIA and S&P 500 indices marked gains at the end of the day, adding +0.07% and +0.19% respectively, but the NAS […]