US New Home Sales Declined in January

US New Home Sales Declined in January

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 […]

Tuesday the Broad Market Extends the Gains Off Friday’s Recovery

Tuesday the Broad Market Extends the Gains Off Friday’s Recovery

$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 […]

See WTI Crude Oil Price Falling to $30 bbl or Lower

See WTI Crude Oil Price Falling to $30 bbl or Lower

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 […]

FBI’s Announcement on Hillary Clinton Investigation Knocks Stocks off Highs

FBI’s Announcement on Hillary Clinton Investigation Knocks Stocks off Highs

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 […]

Once High End Retailer Nordstrom’s (NYSE:JWN) Now a Discount Store

Once High End Retailer Nordstrom’s (NYSE:JWN) Now a Discount Store

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 […]

Wednesday’s Outlook for WTI & Brent Crude Oil

Wednesday’s Outlook for WTI & Brent Crude Oil

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 […]