Sales of new US single-family homes fell in January, suggesting the housing market weakness persisted early in Q-1. The Commerce Department said on Thursday new home sales declined 6.9 percent to a seasonally adjusted annual rate of 607,000 units. December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Small businesses see bright future ahead Most S&P 500 sectors finish with gains Softening Consumer Price Index for February reinforced notion Fed will be patient US Treasury yields even lower Optimism among small companies in the US improved in February, snapping a 5-month losing streak that was the longest […]
The Tide May Be Shifting for West Coast Home Buyers It has been challenge trying to be a homebuyer on the West Coast. Prices have been surging for years as house hunters fight for the few available listings, now the tide could be shifting. As sellers come off the sidelines to lock in gains, they […]
See WTI Crude Oil Price Falling to $30 bbl or Lower $USO, $OIL Experts, including me are warning that Crude Oil prices might continue to decline, and could revisit Y 2016 lows and then some. “Oil is in a downtrend and risks trending into the 30’s,” said a technical strategist at Bank of America Merrill […]
Frenchman Finds Trove of Gold in His House A Frenchman who inherited a house in Normandy from a dead relative has stumbled upon 220 lbs of Gold coins and bars hidden away in places throughout his new home, which are worth about $3.7-M. “There were 5,000 gold pieces, 2 bars of 12 kilos and 37 […]
FBI’s Announcement on Hillary Clinton Investigation Knocks Stocks off Highs $DIA, $SPY, $QQQ, $VXX The US economy grew at a 2.9% in Q-3, the strongest pace in 2 years, as businesses began restocking their shelves at a faster pace. The Q-3 US GDP (gross domestic product), the broadest measure of economic health, was 2X the […]
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 […]