US economic growth averaging 2.8% reached under President Trump’s policies can be sustained over the next 10 years, Chairman of the White House Council of Economic Advisers Kevin Hassett Wednesday. “What happened is we went from 1% growth, the new normal that would be disappointing forever, to 3% growth over the last 2 years with […]
The German government’s panel of independent economic advisers has slashed its growth forecast for this year and is now predicting that the German economy will grow by only 0.8%. In a regular update, the panel cut its Y 2019 forecast from the previous 1.5% and said growth may accelerate next year to 1.7%. The experts […]
The global economy’s softened throughout Y 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago. A new GDP tracker puts world growth at 2.1% on a Q-Q annualized basis, down from about 4% in the middle of last year. While there is a chance that the economy […]
Qasr Al Watan, a new monument located inside the palace, was inaugurated on Sunday New pictures of Qasr Al Watan, a new monument inside Abu Dhabi’s Presidential Palace, which opens to the public on Monday, 11 March, have now been revealed by the UAE’s leaders. The country’s Vice President and Prime Minister and Dubai’s ruler […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FlASH: Our works shows that this Bull market is still intact Over the past 10 years long haul investors have been handsomely. The Big Q: Is there more? The S&P 500, the U.S. market’s benchmark index, has gained about 310% since bottoming out at 676.53 points in 9 March 2009 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Fed stifling The Trump Economy The anti-Trump media is pointing to the economic slowdown, but economist Stephen Moore puts the blame on the Fed’s economist policy during our blockbuster Trump economy. “I’m a little worried about the economy slowing down a little bit, but we still have a blockbuster […]
Americans are drinking more gourmet coffee than ever survey results from the National Coffee Association revealed Saturday. Now fully 61% of the coffee drank in the United States is described by consumers as gourmet, according to the results of a survey commissioned by the NCA and released during the group’s annual meeting in Atlanta, Georgia. […]
The Big Q: What does Ivanka Trump do? The Big A: This is what she is doing. She is working on behalf of The Trump Administration to to empower women around the world, and especially in developing countries, is an urgent priority that goes well beyond social justice. Ample research has demonstrated and, in several […]
Wednesday, White House economic adviser Larry Kudlow says there’s “hope” that President Trump and Chinese President Xi will meet soon to finalize an agreement officials are optimistic a trade deal will be forged soon. “I don’t want to go into a timeline. There is hope that perhaps by the end of this month or early […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Next Fed rate hike several FMOC meetings ahead With inflation muted, but other risks to the US economy on the rise, the Fed’s patience on policy is nowhere close to running out, with 1 previously Kawkish central banker Tuesday signaling he could wait until at least June before touching […]
FLASH: Asia accounted for over 50% of that turnover According to The Federation of the Swiss Watch Industry FH, Swiss watch exports in Y 2018 grew 6.3% Y-Y to CHF 21.2-B. Although the value of exports was up, the total number of watches exported declined by 2.3% to 23.7-M items there were 570,000 fewer timepieces […]
$JMP, $GS, $USD FLASH: Jamie and ‘Goldie’ have different outlooks JPMorgan (NYSE:JPM) CEO Jamie Dimon does not agree with economic doomsayers. The boss of the largest US bank acknowledged a growing number of potential obstacles to the economy that carried his firm to record profits last year. That caution was reflected in JPMorgan Chase & […]
$GS, $USD, $USO, $OIL FLASH: On the global markets, some green shoots are emerging. The global economy may have already bottomed out, according to Goldman Sachs Group Inc. Chief Economist in a note Tuesday. While growth remains soft, Goldman’s current activity indicator in February is slightly above the downwardly-revised December and January numbers. Some green […]
FLASH: Kim Jong Un Faces New Pressure at Home After Trump Summit Shock He faces a long train ride home through China to think about what went wrong. President Trump says Vietnam, the site of his 2nd round of nuclear talks with Chairman Kim, is thriving economically and that NKorea could, too, if it would […]
The US economy will grow at a solid though slower pace in Y 2019 and the Fed will remain “patient” in deciding whether to further raise interest rates, Fed Chairman Jerome Powell said Tuesday. Chairman Powell reaffirmed the policy shift made by the Fed last month, telling a Senate Banking Committee hearing that “crosscurrents and […]
China met its target for reducing debt levels but will keep cracking down on riskier types of financing to contain risks to its financial system, the banking and insurance regulator said Monday, urging banks to step up lending to smaller companies. Concern about China’s debt is rising again as Beijing ramps up support for a […]
FLASH: US Growth Estimates Raised US wholesale inventories increased by the most in more than 5 years in December. The surge in wholesale stocks reported by the Commerce Department on Monday, however, implied inventories were less of a drag on economic growth in Q-4 than previously thought. As result, economists boosted their Q-4 GDP growth estimates by […]
When the Fed’s FOMC policymakers met last month and put it 3-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4-T balance sheet, that was draining the liquidity out of the system and shrinking the wealth of American house holds by the trillions of dollars, they cited increased risks to […]
Friday, the Fed said, that The Trump Administration will fall “a little under” its target of 3% annual GDP for Y 2018, the report offers an economic scorecard of sorts for the 1st full year of President Trump’s term. Growth for the year was “solid,” the Fed report said, as GDP “rose a little bit under 3% for the […]
FLASH: The Trump Policy at Work for Americans The Key takeaways from the FOMC Minutes from the 29-30 January meeting, as follows: There was widespread agreement for the FOMC to end shrinkage of the $4-T balance sheet by the end of the year. The timetable ends uncertainty over whether shedding assets would further tighten financial conditions. The […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Trump Policy Traction, FOMC Minutes Due Wednesday Tuesday, New York Fed President John Williams said he is comfortable with the level US interest rates are at now, and sees no need to raise them again unless growth or inflation shift to an unexpectedly higher gear. In an interview with […]
US consumers expect to spend more money in Y 2019 than they did a year ago, data from the Federal Reserve Bank of New York revealed in a report Tuesday. Households expect larger increases in spending than they forecast the year prior on items including clothing, housing and transportation, data from the Survey of Consumer […]
Last month when the Fed adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases were ahead. Last week disappointing US retail sales and industrial production data raised the prospect that the US economy is slowing faster than […]
President Trump said the 1 March deadline for US-China trade deal, “If we’re close to a deal where we think we can make a real deal and it’s going to get done, I could see myself letting that slide for a little while, but generally speaking, I’m not inclined to do that.” Financial markets for […]
Not everyone can rise to level of a pro, but that does not mean that you cannot train like a pro, to achieve your personal best. You too can get the best from your body and exercise routines with these training tips that are recommended and practiced by the pros themselves. They are as follows: […]
Progressive Dem Representative Alexandria Ocasio-Cortez’s (D-NY) call for a proposed “Green New Deal” to protect the environment “seems pointless,” Deputy Press Secretary Hogan Gidley said Friday. “It is quite rich for Congresswoman Ocasio-Cortez to point out the fact that we need to ruin our economy and stop all air travel and stop all cars in […]
The measure of US consumer sentiment improved for the 1st time in 5 weeks as political tension in Washington eased after the longest government shutdown in the country’s history. The Consumer Comfort Index rose to 58.2 last week from 57.4, according to a report Thursday. A measure of ratings about personal finances climbed to a […]
FLASH: Socialist Ideas are Crazy! The White House economic adviser Larry Kudlow praised President Trump’s comments on socialism during his State of the Union address, saying America should remain a “nation of entrepreneurs who thrive from freedom and growth.” Mr. Kudlow blasted “these crazy anti-growth, anti-incentive, anti-business, anti-reward policies coming out of the opposition party.” […]
The National Retail Federation, the nation’s largest retail trade group, forecasts that retail sales should grow between 3.8 and 4.4% to more than $3.8-T this year as shoppers remain in the mood to spend in a strong US economy and job market. The forecast, released Tuesday, is in line with the 4.6% gain the group preliminarily estimated […]
Demand for loans softened among US businesses and households in Q-4 of Y 2018, while banks tightened lending standards for commercial real estate, according to a survey of bank officers that gave worrisome signs for the economic outlook. The Fed Monday released its Quarterly survey of senior loan officers. The survey also showed banks had […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Monday, new money came in and Wall Street gained with all 3 major indexes closing near session highs. Continuing optimism abounds on the prospects for US-China trade relations propelled technology shares. The S&P 500 index and the NAS Comp both closed above their 100-Day MA’s for the 1st time since […]
The Fed’s decision to stop raising interest rates puts a “fundamentally healthy” US economy on track to further growth, Minneapolis Federal Reserve Bank President Neel Kashkari indicated Sunday. “I think we still have room to run in the US economy,” Mr. Kashkari said at a town hall at a church in Long Lake, Minnesota. “The […]
The US economy is strong and growing despite billions of dollars in losses during the recent partial government shutdown, said Grover Norquist, President of Americans for Tax Reform Tuesday while discussing a Congressional Budget Office report that $11-B was lost, with $3-B deemed a complete loss. “The Key thing is the economy continues today to grow and […]
$GS Goldman Sachs’ (NYSE:GS) CEO David Solomon said he sees good prospects for underwriting this year, while downplaying concern that growth in the leveraged-loan market is a risk for big banks, saying the US economy is ‘just fine’. “If the market environment continues to be what we see today, I think we’ll have a relatively […]
$DIA, $SPY, $QQQ, $RUTX, $VXX White House economic adviser Larry Kudlow says the indicators for the USA show that America is the ‘hottest economy’ in the world. He predicted the next monthly unemployment report will likely shock naysayers. Mr. Kudlow said the economy will snap back from any “glitch” created by partial government shutdown, as that […]
$BAC US real estate brokers are trying to figure out why sales of existing homes dove in December. US home sales fell to their lowest mark in 3 years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the National Association of Realtors […]
$BAC, $C, $JPM, $WFC,$FITB, $BKX, $SPY We do expect US bank shares to continue to outperform after better-than-expected Q-4 earnings and outlooks and their cheap stock prices finally broke a losing streak, thus leading the next leg of this historic Bull Market. The gains will be driven by management teams reiterating their ability to drive […]
$DIA, $USD President Trump has hammered the Fed’s policy for being too tied to the notion economic growth causes inflation. Savvy people in America are “very worried” the Fed is working against the pro-growth policies that President Trump put into effect beginning on his 1st day in office just 2 years ago. The Fed is […]
Just 2 years ago Donald J. Trump humbly became our President and brought the country back to The American People. January 20th, 2017 will be remembered as the day The People became the rulers of the USA again. The forgotten men and women of our country will be forgotten no longer… America started winning again, […]
$BUD, $TAP, $STZ, $TLRY The brewers of Budweiser, Coors and other large-scale brewers are placing their bets on cannabis as a way to fight saturated markets and shifting consumer trends. For years, the industry’s largest players struggled with stagnating markets and shifting consumer tastes. Anheuser-Busch InBev, Molson Coors and Corona brewer Constellation Brands (NYSE:STZ) have […]
The US financial markets have had the time conger the very strong US jobs report, as well as signs of progress in the China-US trade talks. But, despite the positive news, investors and traders believe the Fed will stop hiking interest rates this year and will cut them in both Ys 2020 and 2021. The difference […]
$DIA, $SPY, $QQQ, $RUTX, $GLD, $VXX Trade tensions should not disturb your portfolio’s peace of mind. To help prevent your portfolio from becoming “trade war collateral,” consider diversifying your assets to minimize exposure. Assets like physical Gold and Silver are historically known to perform well during turmoil in such dust ups. Recently, Jim Cramer urged investors frightened […]
$SPY, $GLD Surprise, after all of the ‘bunk’ you have heard since early October, do not be shocked that there will be no additional Fed rate hikes, a 20% S&P 500 rally and no recession.. Byron Wein defines “surprise” as an event that the average investor would only assign a 33% chance of taking place […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $AAPL The S&P 500 fell 2.5% Thursday, as a revenue warning from Apple (NASDAQ:AAPL) and weak manufacturing data fueled concerns about a slowdown in global economic growth, undermining the broad market. The DJIA lost 2.8%, the NAS Comp lost 3.0%, the Russell 2000 lost 1.8%. On the day, 9 of the 11 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The world enters Y 2019 with some uncertainty about the prospects for global growth. The US is the bright spot and 1 of the most powerful job creators and drivers of international trade. If The Trump Administration and the new Congress are able to work together, there are areas where […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stocks finished higher Monday, and wrapped up the month and year. Buying conviction was reserved during the session with no news catalysts or economic data to drive investors, that until the last minute buyers came in to drive the indices to near session highs. The trading session is over and so […]
$DIA, $SPY, $QQQ, $RUTX Stocks finished higher on the week, and wrapped up a disappointing month and year. The S&P 500 is off 7% in Y 2018 after peaking with a 10% YTD gainer in late September prior to the consolidation. The Fed’s tightening and heightened uncertainty into Y 2019 have brought valuations on the […]
$SPY, $WFC, $CS Wells Fargo (NYSE:WFC) cut estimates for stocks next year on concern the Fed is making policy mistakes that will dampen US economic growth. Chris Harvey, head of equity strategy at the bank, cut his year-end target for the S&P 500 Index to 2,665 from 3,079. While the new forecast represents a 10% […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 retests its February low at 2532.69 for the 3rd session running US stocks declined Wednesday after the Fed’s dovish forecast of fewer interest-rate increases in Y 2019 fell short of investors’ hopes of a more dovish monetary policy. The DJIA fell as much as 500 pts at 1 […]
$DJIA, $SPY, $QQQ, $RUTX, ,$VXX The US major stock market will start this week again testing the bottom of the range formed with by the selling that began in October. The S&P 500 cracked 2600 and supposedly that sets up more Southside action. Sentiment is extreme as reported by the AAIA, outflows from stocks are at […]
White House economic adviser Kevin Hassett predicts that US economic growth will defy expectations again in Y 2019 because of a business investment boom and President Donald Trump’s trade strategy. “We’re definitely going to be at 3 or above 3 for next year as well,” Mr. Hassett said on TV Wednesday The Council of Economic Advisers […]
Wall Street strategists work to calm equity investors, saying their worries over the economy are overdone. $SPY, $JPM, $GS JPMorgan (NYSE:JPM) argues that the risk of an economic recession is “overpriced” with the latest stock sell-off. Goldman Sachs (NYSE:GS) says, the decline in US stocks has opened up a rare divergence between the market’s performance […]
$DJIA, $SPY, $QQQ, $RUTX, ,$VXX The US major stock market will start the week testing the bottom of the range formed with by the selling that began in October. The patterns and technical indicators suggest a move from where the major indexes closed Friday back up to the November highs. After a reversal off the trading […]
China Feels the Pain as Exports, Imports Shrink, Markets Collapse $SOY, $USD, $UNG China has reported weaker than expected November exports and imports, showing slower global and domestic demand and raising the likelihood that more measures to keep the country’s growth rate from slipping too much will be put in place. November exports only rose […]
Steady, Sustainable US Economic Growth Means No Recession in Sight The November Employment Report Sustainable is good, job growth is finally trending. The Key Data: Payrolls: +155,000; 3-Month Average: 170,000; Private: +161,000; Revisions: -12,000; Hourly Wages: +0.2% Over-Year: +3.1% What it means: Job gains in November were below expectations. The idea we could sustain hiring […]
The Trump Tax Cuts Still Driving Economic Growth Friday, White House economic adviser Larry Kudlow said that The Trump Administration tax cuts of Y 2017 are still working to boost the economy and fuel economic growth. “I think the tax cuts are working. I think nominal GDP is much higher than people expected,” Mr. Kudlow […]
Fed to Signal Long Rate Hike ‘Pause’ at December FOMC Meeting President Donald Trump’s top economic adviser said he expects the Fed to pause its interest-rate increases for “quite some time” after a possible hike later this month. As Federal Open Market Committee (FOMC) members prepare to meet on 18-19 December, “I think they’re signaling […]
Wild Market Day as S&P Tested Support, Bounced, Finished Flat $DIA, $SPY, $QQQ, $RUTX, $VXX US stocsk climbed from their lows heading into the close led by gains in tech shares and a report that the Fed is reconsidering its rate hike strategy. The S&P 500 finished flat to unchanged Crude Oil off on concern […]
Volatile Markets are Opportunities for Savvy Participants $DIA, $SPY, $QQQ, $RUTX, $VXX Some investors get scared when the stock market falls, but there is always the other side of that action. When selling happens, stocks are on sale. The recent Southside action can provide opportunities that investors have not seen for a while. The Key […]
Monday’s Trade Relief Rally Saw Profit Taking Tuesday $DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 fell 3.2% Tuesday on some concern on future economic growth, which was signaled by the drop in US Treasury yields. A technical test and breach of the S&P 500’s 200-Day MA at 2762.32 contributed to the selling. Monday’s trade-relief […]
New Orders Surge, US Manufacturers Expand Pace $SOY, $UNG, $USD US manufacturers expanded at a faster pace in November as new orders surged, a positive sign for domestic economic growth heading into Y 2019. The Institute for Supply Management, an association of purchasing managers, said Monday its manufacturing index rose to 59.3 last month from 57.7 in […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $SPY, $VXX Just 12 days ago everybody on The Street was celebrating Thanksgiving in a very cautious market mode, they came back to their desks, and triggered a Key reversal in the major US stock market indexes that was confirmed on Friday, 30 November and […]
“Growth ‘Cracks’ Will Shape Fed Funds Rate Debate” $DIA, $SPY, $QQQ, $RUTX, $VXX For the past 2 years we have seen the Fed move ahead with steady rate increases in an economy that has done better than many had expected, boosted by government spending, tax cuts, and global growth. The easy part may be over, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $SPY, $VXX Last week everybody that is anybody was away celebrating Thanksgiving, now they are back to their desks, that is if not stranded in a blizzard. Looking back, here is some stirrings emerging from the small and mid-caps via chips, telecom, and some bio techs and […]
Thanksgiving Football Weekend, Winning the Financial Debate When this year’s holiday weekend discussion turns to the US economy, which it may, you need to be primed correctly. Whether your relatives want to talk about the job market as casual observers or parse Fed actions like superNerds, we have prepared rebuttals for some of Y 2018’s […]
Dine on Organic Turkey This Thanksgiving Still deciding whether to buy an Organic turkey or a conventionally raised bird for Thanksgiving this year? This is a Key reason to consider going Organic: Turkeys that carry the USDA organic seal are not given antibiotics. About 80% of the antibiotics sold in the US are used in industrially produced livestock. […]
No US Recession in Sight, Talk is ‘Nonsense’ $SPY Rejecting economic speculation the correcting stock market is signaling an oncoming recession, White House chief economic adviser Larry Kudlow called the talk “nonsense” and added “recession is so far in the distance I cannot see it.” “I am reading some of the weirdest stuff about how […]
Growth in the US Economy Remains Strong The Fed is expected to raise interest rates again next month and 3X next year The probability of a US recession in the next 2 years, while low, moved up to a median 35% from 30% in the latest monthly Reuters survey of economists taken between 13-19 November. […]
As Market Leadership Rotates, Money Manager Speak Out $DIA, $SPY, $QQQ Following are the views of 7 money managers and strategists on what could conceivably put a brake on the selling in this market. This view is held by almost everyone: that a softening in Fed’s hawkish rhetoric and President Trump’s trade dispute talk would […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX DJIA higher, some testing leaders start to bounce back. Chipmakers show many interesting Northside setups. Fed Vice Chairman moves warm markets. The market action has given up some good patterns, the Big Q: Will the break North into year’s end. Today is Monday, the […]
US Economy Cools, Fed’s Powell Hints a Rate Halt in 2019 Fed Chairman Jerome Powell has laid out a scenario for a pause in the central bank’s interest-rate hiking campaign sometime next year by highlighting potential headwinds cooling the US economy. Wednesday, Chairman Powell listed 3 possible challenges to growth in Y 2019, they are; […]
The Big Q: Is Debt Good or Bad? The Big A: Yes & Yes Debt is future spending driven forward in time. It lets you buy something now for which you do not have the cash “yet”. Whether it is smart or not depends on what one buys. Many people, businesses, and governments borrow because […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX Last Wednesday post election spike either stands on its own or platforms for a breakout. PPI at a 6 year high with prices +2.9% Y-Y. S&P 500, DJIA in excellent tests, NAS Comp work’in on it This week we see new leaders come up […]
US Consumer Sentiment on Track for Best Year Since 2000 Consumers ready to Pick Up Spending Heading into Holiday Season US consumers have greater certainty about job and income prospects. University of Michigan’s (MSI) consumer sentiment index flat to unchanged but remains strong US consumer sentiment topped analysts expectations to stay on track for its best […]
Investors Focused on Retail Sales and Wages $WMT, $M, $MCD, $AMZN, $CMG Amidst overall strong Quarterly results, rising labor costs are a growing concern, with more than 12 companies in the S&P 500 mentioning them in conference calls so far this earnings season. Next week, several retailers including Walmart (NYSE:WMT) and Macy’s (NYSE:M) are due […]
FOMC Leaves Key Fed Funds Rate Unchanged Little reaction to the FOMC announcement, the major averages now trade little changed from their pre-FOMC release levels. The Fed has left its Key policy rate unchanged but signaled that it plans to keep responding to the strong US economy with more interest rate hikes. The next rate […]
A Successful Regulated Market Growing Up Around Cannabis $AMZN, $TAP, $NKE, $TLRY, $CGC, $STZ Michigan’s vote Tuesday to become the 10th US state where the recreational use of cannabis is legal is adding more momentum to a trend that some investors say is inevitable: that marijuana will become legal nationwide within the next 5 years. […]
S&P 500 Companies’ Profit Growth Highest Since 2010 $DIA, $SPY, $QQQ, $RUTX, $VXX Still, investors are somewhat cautious with US Congressional midterm elections Tuesday. US earnings growth for S&P 500 companies in Q-3 is on track to be the highest since Y 2010, eclipsing the strong results from earlier this year, according to the data. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX NFPs report solid, shows best wage growth in 10 years. China trade, market still struggles on news. 4 day Rally paused Friday All Eyes on the US Congressional Midterm Elections Tuesday Friday, stocks opened higher then faded, trending lower into early afternoon. Positives turned to […]
President Trump and The Fed Want to See Inflation $USD, $SPY, $GLD, $SLV The value of USD is determined by a number of variables. For example, this year’s trade wars with China have resulted in a stronger Buck and a weakened RMB Yuan. There are a few internal mechanisms that can be used to raise or […]
Mr. Hussein Obama Secretly Worked for 6 Years to Halt the Growth of JP MorganChase $JPM For about 6 years, former President Barack Hussein Obama secretly hobbled JPMorgan Chase & Co.(NYSE:JPM), the nation’s largest bank. Now the chains are off, thanks to bank-friendly regulators in The Trump Administration. In actions never before made public until […]
The US is in a ‘Great Economic Boom’ $DIA, $SPY, $QQQ, $RUTX, $VXX Americans’ evaluations of current US economic conditions and the economy’s trajectory are the most optimistic in nearly 20 years, Gallup reported. Currently, 54% of Americans rate economic conditions as “excellent” or “good,” and just 12% as “poor,” Gallup reported. Also, by 57% to […]
China’s Growth Slows, Investors Seeking Reassurances Friday, China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz to shore up confidence in its fall stock market. Growth in the Quarter that ended in September slipped to 6.5% over a year earlier from the prior Quarter’s 6.7%, official data […]
US Stocks Test on Fed Rates and Global Growth Concerns $DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 index closed just above its 200-Day MA, a Key indicator of long-term price trends. US stocks opened lower as Chinese stocks fell overnight, sparking concerns about the impact of trade tensions on China’s economy. Plus, concerns mounted […]
Fed’s Current Monetary Policy Raise the Risks of Recession President Trump has criticized recent Fed rate increases, arguing that they threatened economic growth. The Fed’s current monetary policy path would raise the risks of recession in an economy where recent, unexpectedly strong growth may start to taper anyway, St. Louis Fed President James Bullard said […]
China’s Q-3 GDP Growth Lowest Since the ‘Great Recession’ An official survey confirmed that manufacturers were coming under stress. At this week’s end, global investors and policy makers will likely be given a cold hard reminder of the costs of the US-China trade dispute, with a Reuters poll predicting that China’s Q-3 growth will slow […]
US Economy Expanding at 4% Growth Rate $DIA, $SPY, $QQQ, $RUTX, $VXX Monday the latest data showed that the US economy is expanding at a 4% annualized rate in Q-3, that according to the Atlanta Federal Reserve’s GDPNow forecast model following the release of the latest data on retail sales. The GDPNow model estimate for real […]
Street Analysts See Strong Rally Into Year’s End $DIA, $SPY, $QQQ, $RUTX, $VXX Stocks bounced and held after pulling back Wednesday and Thursday The CBOE Volatility Index (VIX) fell 14.3% Friday, retreating from its highest marks since February. Friday, Morgan Stanley strategists, whose warning about a “rolling Bear market” seemed to pay off this week after high […]
US Economic Data Strong, Atlanta Fed Raises GDP View to 4.2% $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX US stocks retreated Wednesday in a healthy Bull market pullback The US economy is expanding at a 4.2% annualized rate in Q-3, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday, following the release of the latest data […]
Mortgage Requests Fall, Borrowing Costs at 7-Year Highs US mortgage applications declined last week as home borrowing costs climbed to their highest levels in over 7 years, propelled by a spike in bond yields during last week’s market selloff, the Mortgage Bankers Association said Wednesday. The Washington-based industry group said its seasonally adjusted gauge on consumer […]
S&P 500 Earnings Preview: Q-3 Y 2018 $SPY, $JPM, $C, $WFC, $USD Earnings reporting period is here once again, and it always commands a great deal of attention because earnings drive stock prices over the long term. The S&P 500 has been underpinned by impressive earnings growth. The Q-3 reporting frame, which begins in earnest […]
US Job Market ‘Best in a Generation’ For a at least 10 years after the collapse of Lehman Brothers touched off a global financial crisis, there was good reason to believe the US economy remained broken, from skepticism about the health of the labor market to the slow economic growth and the record low rate […]
Buybacks to Top Use of S&P 500 Companies’ Cash in 2019 $GS, $SPY S&P 500 companies will increase cash spending by 13% to $3-T in Y 2019, with buybacks again expected to represent their largest use of cash, according to Goldman Sachs (NYSE:GS). Of the estimated cash spending in Y 2019, S&P 500 companies will […]
Risk of US Recession is Below Average for the Next 3 Years $GS Goldman Sachs predicts that the US economy stands only a “muted” chance of plunging into recession in the near future and a “below average” likelihood during the next 3 years. Goldman economist Daan Struyven modeled the current run, which is just 10 […]
Atlanta Fed’s Fresh GDP Growth Estimate at 4.1% The US economy is growing at a 4.1% annualized rate in Q-3 following the government’s construction-spending report and other recent economic data, the Atlanta Federal Reserve’s GDPNow forecast model showed Tuesday. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in Q-3 of Y 2018 is 4.1% on October […]
Crude Oil at $100 bbl and the World’s Economy: Who Wins, Who Loses $OIL, $USO, $UGA Crude Oil prices are now begetting forecasts of a return to $100 bbl for the 1st time since Y 2014, creating both winners and losers in the world economy. Exporters of Black Gold would enjoy bumper returns, giving a […]
US Economic Growth: Consumer Spending Up, Inflation Moderate US consumer spending saw a steady increase in August, supporting expectations of solid economic growth in Q-3, while a measure of underlying inflation remained at the Fed’s 2 percent target for a 4th month running. Friday, economists said the report from the US Commerce Department should allay […]
Retail Investors Coming into Stock in Droves $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks delivered the best Quarterly run in almost 5 years, luring retail investors back into the longest Bull market on record just as Wall Street started flashing yellow lights. Individual investors drew down cash balances at brokerage accounts to record lows as […]
S&P 500 ($SPY) Will Still Hit 3,000 Despite Fed Rate Hikes $SPY, $BX Blackstone’s (NYSE:BX) Byron Wien says the S&P 500 will still rise to 3,000 by year’s end despite the Federal Reserve’s plan to continue hiking interest rates. “At the beginning of the year, I said the market would reach 3,000 on the S&P […]