US Consumers Cautious, Retail Sale Up a Bit

US Consumers Cautious, Retail Sale Up a Bit

US retail sales ex-automobiles rose slightly in January after a sharp drop in December, reflecting cautious optimism taken by consumers after athe 35 day partial government shutdown. The Commerce Department said Monday that retail sales increased just 0.2%, after a sharp fall of 1.6% in December, the biggest US decliner in 9 years. The economy has […]

Wall Street Finished Mixed in Cautious Session

Wall Street Finished Mixed in Cautious Session

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US-China trade talks resume in Beijing President Trump and China President Xi appear closer to a trade deal, according to Presidential counselor Kellyanne Conway. “The President wants a deal, and he wants it to be fair to American workers and American interests,” Ms. Conway said on TV early Monday. […]

US and Russia Are Not in a New Cold War

US and Russia Are Not in a New Cold War

US and Russia Are Not in a New Cold War A senior Russian official said Wednesday that Russia and the United States are not in a new Cold War despite existing tensions. Deputy Foreign Minister Sergei Ryabkov denounced the US sanctions against Russia, but emphasized that the current tension “isn’t equivalent to confrontation that may […]

Cautious US Companies ‘Hoarding’ Cash

Cautious US Companies ‘Hoarding’ Cash

Cautious US Companies ‘Hoarding’ Cash $DIA, $SPY, $QQQ, $VXX US companies have returned to hoarding cash due to mounting economic and geopolitical fears, a indication of a business-investment pullback. The UK’s Brexit vote, a sluggish US economy and a weak global economy combined to lead companies to delay investment decisions and just hoard their cash, […]

Wednesday’s Technical Outlook for the DJIA (.DJI)

Wednesday’s Technical Outlook for the DJIA (.DJI)

Wednesday’s Technical Outlook for the DJIA (.DJI) Wall Street was unable to follow the lead of overseas share markets, finishing the day mixed. The DJIA + 0.27% to close at 18,053.60, the S&P 500 adding 6 pts to end at 2,100.80, the NAS comp finished off 0.40% at 4,940.33, this last weighed by weakness in […]