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 […]

US Home Mortgage Activity at 2-Month Highs as Loan Costs Fall

US Home Mortgage Activity at 2-Month Highs as Loan Costs Fall

US Home Mortgage Activity at 2-Month Highs as Loan Costs Fall Interest rates on 30-year, fixed-rate “conforming” mortgages with balances of $453,100 or less, averaged 5.08% last week, US borrowers filed the most home mortgage applications in nearly 2 months as 30-year home loan costs fell to their lowest marks since early October, the Mortgage […]

World Markets Fell This Week, Investors Fear Trade Wars

World Markets Fell This Week, Investors Fear Trade Wars

World Markets Fell This Week, Investors Fear Trade Wars $DIA, $SPY, $QQQ, $VXX The world’s stock markets fell Friday on investor fears that a trade conflict between the US and China might would escalate. A 3nd day of losses pushed US stocks to their worst week in 2 years. So far, China’s response to the […]

US Market Looking for Technical Confirmation

US Market Looking for Technical Confirmation

US Market Looking for Technical Confirmation $DIA, $SPY, $QQQ, $VXX Tuesday, the DJIA and S&P 500 fell ending a 6-session winning streak Markets have been choppy in recent weeks, correcting 10% from their 26 January high only to rebound last week with their best weekly gains in 5 years. Tuesday’s declines pushed the S&P 500 […]