Stocks: Path of Least Resistance is North

Stocks: Path of Least Resistance is North

#stocks #trend #sentiment $DIA $SPY $QQQ $RUTX $VXX NAS Comp closed at record high and the DJIA marked a record high intraday in mixed session “On 31 December 2020 S&P 500 earnings for Q-4 were projected to decline 9.2% Y-Y. That estimate did not come true“– Paul Ebeling  The blended earnings growth rate, which takes […]

Printing Money Augurs Inflation, Inflation Leads to Higher Interest Rates…

Printing Money Augurs Inflation, Inflation Leads to Higher Interest Rates…

#inflation #money #inflation #stagflation #Fed $XAU $GLD “The massive printing of money is going to lead to an economic crisis that Washington insiders are ignoring”-– Steven Forbes There is real danger is printing money, as it leads to inflation and that means higher interest rates, and strains on the economy. Mr. Biden wants not just […]

US Stocks Trading Way Up in Positive Territory, the Bulls are in Charge

US Stocks Trading Way Up in Positive Territory, the Bulls are in Charge

#stocks #FAANGs #Energy #Big Tech #Cannabis #election $DIA $SPY $QQQ $RUTX $VXX “The NAS, Dow and S&P 500 have been and are trading way up in positive territory in the Presidential election chaos” — Paul Ebeling The US Presidential election results are still indecisive as of this writing. Overall, the NAS Comp, DJIA and S&P […]

Home Loans Spike with the Strong Economic Recovery

Home Loans Spike with the Strong Economic Recovery

#Home #loans #economic #recovery #Covid19 “Home loans to reach $3.2-T in 2020, Most in 17 yrs“– Paul Ebeling US home mortgage originations are forecast to total $3.18-T this year, the most since Y 2003, as low rates drive a spike in refinancing and purchases, according to the Mortgage Bankers Association (MBA). Housing activity has soared […]

President Trump and the Fed are Aligned for a Fast Recovery

President Trump and the Fed are Aligned for a Fast Recovery

#PresidentTrump #Fed #FOMC #GDP #economy #recovery “This positive turn in the economy is even more remarkable because it happened without the additional stimulus the mins show Fed officials expected in July.” — Paul Ebeling Last month Fed policy makers agreed that the economy was recovering from the China virus chaos recession much faster than they […]

Workers Shunning Low Paying Jobs in This Recovery

Workers Shunning Low Paying Jobs in This Recovery

#jobs #workers #wages #factories #PresidentTrump America’s warehouse and factory owners are finding they cannot fill jobs without boosting wages. e-Commerce is driving a surge of orders, with US manufacturing expanding in August at its fastest pace since late Y 2018. That has employers moving to bulk up staff to keep production rolling and satisfy demand. […]

Beyond the Virus: Refocusing on Essential Industries and Businesses

Beyond the Virus: Refocusing on Essential Industries and Businesses

Now the world now a very sharp understanding of what a Black Swan event is. Yes, we are seeing a global health crisis, and those of us who are looking are seeing the coming restructuring of the global economic order. The Key is how investors navigating to what is coming next. The Big Q: What […]

Market Looks Like it is Trading with a Recession in Mind, Though the Economy is Strong

Market Looks Like it is Trading with a Recession in Mind, Though the Economy is Strong

$DIA $SPY $QQQ $RUTX $VXX The US economy grew moderately in Q-4, the government confirmed, and may be facing a rocky road in early Y 2020 on the notion that coronavirus will hobble it, and bring on a recession. The economy grew by an unrevised 2.3% in Y 2019, the slowest annual growth in 3 […]

Fed Chairman Powell, “There is no reason why the expansion cannot continue”

Fed Chairman Powell,  “There is no reason why the expansion cannot continue”

$DIA $SPY $QQQ $RUTX $VXX Tuesday, the Fed Chairman Powell told Congress that the US economy is in a good place. With risks like trade policy uncertainty receding and global growth stabilizing, “we find the US economy in a very good place, performing well,” Chairman Powell told the House of Representatives Financial Services Committee. The US economic expansion, now […]

Manufacturing, Labor Market Data Signal Slowing Economy

Manufacturing, Labor Market Data Signal Slowing Economy

$DIA, $SPY, $QQQ, $RUTX, $VXX Initial claims for the week ending 16 November were unchanged at 227,000 (consensus 216,000). Continuing claims for the week ending 9 November were up 3,000 to 1.695-M. The Key takeaway from the report is that initial claims have been more elevated than usual in recent weeks, suggesting perhaps that they have […]

Fed Will Keep Monetary “Accommodative”

Fed Will Keep Monetary “Accommodative”

Sluggish inflation gives the Federal Reserve the leeway to keep borrowing costs low and help draw more workers into the labor market, San Francisco Fed Bank President Mary Daly said Saturday. “We’re lucky right now,” Ms. Daly said at University of California, Berkeley’s Clausen Center’s conference on global economic issues. “We can keep the policy […]

Why We Celebrate Labor Day in the USA

Why We Celebrate Labor Day in the USA

For a lot of people, Labor Day means 2 things: a day off and the end of Summer. But why is it called Labor Day? Labor Day is a day set aside to pay tribute to working men and women. It has been celebrated as a national holiday in the United States since Y 1894. Labor […]

US Stock Market’s Direction is Based on Fed

US Stock Market’s Direction is Based on Fed

$SPY The US stock market finished lower last week on relatively low volume and volatility. Perhaps it was the pre-conceived negative earnings expectations due to reports released before the results season started that fueled the lackluster price action. Perhaps it was options expiration. Uncertainty over the size of the expected Fed rate cut at the […]

Hiring in US Hits Record Highs

Hiring in US Hits Record Highs

US job openings fell a bit in April as hiring surged to a record high, government data showed Monday. Job openings, a measure of labor demand, slipped to a seasonally adjusted 7.4-M from 7.5-M in March, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS. The job openings rate was […]

US Economy Growing Despite Jobs Slowdown

US Economy Growing Despite Jobs Slowdown

Under President Trump the US economy is continuing to grow, despite a  jobs report that showed job growth had slowed down sharply in May while wages rose less than expected. “We have had extraordinary job growth over the past couple of years, record job growth,” VP Mike Pence’s Chief of Staff Marc Short told reporters. “Unemployment is at a […]

US Labor Market Solid

US Labor Market Solid

The number of Americans filing applications for unemployment benefits was flat to unchanged last week, suggesting the labor market remains on solid footing despite slowing economic activity. Initial claims for state unemployment benefits were flat to unchanged at a seasonally adjusted 218,000 for the week ended 1 June, the Labor Department said Thursday. Data for the prior […]

US Consumer Confidence Up in May, Economic Optimism Best Since 2000

US Consumer Confidence Up in May, Economic Optimism Best Since 2000

US consumer confidence rose in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories. The surge in confidence reported by the Conference Board on Tuesday came despite an escalation in tensions in […]

Americans’ View of Job Market Hits New Highs

Americans’ View of Job Market Hits New Highs

FLASH: Americans’ confidence in the job market in May hit the highest level in Gallup’s records, which date back to Y 2001. A recent Gallup poll found the following: Overall views of the economy remain positive. Over 7 in 10 Americans feel positively about the US job market. Employment optimism among workforce is highest since 2000. […]

US Economy Continues to Expand

US Economy Continues to Expand

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: This economic expansion is set to become longest in US history, according to the latest leading-indicators data. The Conference Board Leading Economic Index (LEI) for the US increased 0.2% in April to 112.1, following a 0.3% increase in March, and a 0.2% increase in February. “The US LEI rose […]

Jobless Claims Down, Mid-Atlantic Factory Activity Up

Jobless Claims Down, Mid-Atlantic Factory Activity Up

$DIA, $SPY, $QQQ, $RUTX, $AAPL, $MU, $VXX FLASH: The S&P 500 closed at its highest mark this year. The S&P 500 gained 1.1% Thursday, bolstered by the notion of a Dovish Fed and persistently low US Treasury yields. Leadership from the S&P 500 information technology sector (+2.5%), driven by gains in Apple and Micron also […]

Investors Want a Weaker USD, They Must be Patient for the ‘Buck’ to Weaken

Investors Want a Weaker USD, They Must be Patient for the ‘Buck’ to Weaken

$USD The Fed’s Beige Book was released Wednesday showing the US economy continues to be performing strongly. Manufacturing was stronger, employment remains strong across the economy, but bad weather and bad politics have taken their toll. On the latter, 50% of the reporting areas said that the government partial shutdown had been hurting local growth. […]

The FOMC Minutes, What They Mean

The FOMC Minutes, What They Mean

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 […]

Once Senior NKorean Official Banished to Labor Camp for Anti-US Sentiment

Once Senior NKorean Official Banished to Labor Camp for Anti-US Sentiment

A once senior NKorean official was reportedly banished to a labor camp after Chairman Kim Jong Un accused him of “breaching doctrine” in a proposal for US-NKorean talks. Han Song Ryol, once the North Korean vice foreign minister, was sent to a “re-education camp” after he was removed from his position last year, a SKorean […]

Investors Focused on Retail Sales and Wages

Investors Focused on Retail Sales and Wages

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 […]

Ryanair Holdings (OTCMKT:RYAOF) and CEO Michael O’Leary Sued in New York for Stock Fraud

Ryanair Holdings (OTCMKT:RYAOF) and CEO Michael O’Leary Sued in New York for Stock Fraud

Ryanair Holdings (OTCMKT:RYAOF) and CEO Michael O’Leary Sued in New York for Stock Fraud $RYAOF Ryanair Holdings Plc (OTCMKT:RYAOF) and CEO Michael O’Leary have been sued in New York by a shareholder that said Europe’s largest airline defrauded investors and inflated its share price by overstating its ability to manage labor relations and keep costs […]

The Strong Trump Economy is Real, Not a ‘Sugar High’

The Strong Trump Economy is Real, Not a ‘Sugar High’

The Strong Trump Economy is Real, Not a ‘Sugar High’ “Wow! The U.S. added 250,000 Jobs in October, Unemployment at 3.7%, Wages UP! Keep it going, Vote Republican!” White House economic adviser Larry Kudlow says that the strong Trump economy is not a sugar high. The veteran financial guru and former Ronald Reagan adviser spoke to reporters […]

US Jobless Rate Nears 49-Year Lows, Hurricane Hurts Wages, Payrolls

US Jobless Rate Nears 49-Year Lows, Hurricane Hurts Wages, Payrolls

US Jobless Rate Nears 49-Year Lows, Hurricane Hurts Wages, Payrolls US job growth slowed in September, as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions. The Labor Department’s closely watched monthly employment report Friday also showed […]

The Trump Effect: Americans Working, Higher Wages, Booming Manufacturing

The Trump Effect: Americans Working, Higher Wages, Booming Manufacturing

The Trump Effect: Americans Working, Higher Wages, Booming Manufacturing The Trump Effect has Made America Great Again, and Is Keeping America Great! The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which continues to underpin economic growth. The labor market, which is […]

The Trump Effect: US Economy is Strong

The Trump Effect: US Economy is Strong

The Trump Effect: US Economy is Strong $DIA The strong US economy continues under President Donald Trump. A string of reports Thursday showed the labor market is getting stronger, consumers are increasingly optimistic and manufacturers are expanding, adding to signs that GDP (gross domestic product) remains on track for a solid performance in Q-3 Filings […]

President Trump is “Guiding Hottest Economy in World”

President Trump is “Guiding Hottest Economy in World”

President Trump is “Guiding Hottest Economy in World” The US National Economic Council Director Larry Kudlow said America’s economy is leading the rest of the world by returning to a basic approach of cutting taxes and burdensome regulation to allow businesses to freely flourish with government oppression. “The U.S. is the hottest economy in the […]

US Weekly Jobless Claims Drop to 49-yr Lows

US Weekly Jobless Claims Drop to 49-yr Lows

US Weekly Jobless Claims Drop to 49-yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in 49 yrs and pointing to robust labor market conditions. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended 8 September, the lowest […]

Blue-Collar Jobs Grow at 30-Year High

Blue-Collar Jobs Grow at 30-Year High

Blue-Collar Jobs Grow at 30-Year High Blue-collar jobs reportedly are growing at their fastest clip in more than 30 years, powering a hiring boom in many small towns and rural areas that are strong supporters of President Donald Trump ahead of November’s midterm elections. Jobs in industries such as  mining, construction and manufacturing rose 3.3% in […]

Annual Wages Rise Most Since 2009 as US Adds 201,000 Jobs

Annual Wages Rise Most Since 2009 as US Adds 201,000 Jobs

Annual Wages Rise Most Since 2009 as US Adds 201,000 Jobs $DIA, $SPY, $QQQ, $RUTX, $VXX US job growth accelerated in August and wages notched their largest annual increase in more than 9 years, the clearest signs that the economy was so far weathering The Trump Administration’s escalating trade dispute with China. The Labor Department’s closely […]

US Weekly Jobless Claims Fall Unexpectedly 

US Weekly Jobless Claims Fall Unexpectedly 

US Weekly Jobless Claims Fall Unexpectedly The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy is helping the labor market weather ongoing trade tensions between the United States along with a host of other countries. Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted […]

US Economy Growing at 4.8% Annual Rate

US Economy Growing at 4.8% Annual Rate

US Economy Growing at 4.8% Annual Rate The US economy is growing at a 4.8% annualized rate in Q-2, the Atlanta Federal Reserve’s GDPNow forecast model showed Thursday, following data that showed domestic retail sales grew at its strongest pace in 6 months in May. The latest estimate on gross domestic product growth was faster […]

US Labor Market Tightens, Jobless Claims Fall

US Labor Market Tightens, Jobless Claims Fall

US Labor Market Tightens, Jobless Claims Fall $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in labor market conditions. The robust US labor market and firming inflation have cemented expectations the Fed will raise interest rates next week at the FOMC meeting. […]

Moderate Inflation Ahead, Tight Job Market Boosts Wages

Moderate Inflation Ahead, Tight Job Market Boosts Wages

Moderate Inflation Ahead, Tight Job Market Boosts Wages $DIA, $SPY, $QQQ, $VXX  The United States Steel Corporation (NYSE:X) announced plans to reopen an Illinois factory following President Donald Trump’s decision to impose a new tariff on imported steel. A tight US labor market was helping lift wages across most of the nation through late February […]

US Jobless Claims Drop to Lowest in Nearly 50 Years

US Jobless Claims Drop to Lowest in Nearly 50 Years

US Jobless Claims Drop to Lowest in Nearly 50 Years $DIA, $SPY, $QQQ, $VXX US filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week ended 24 February) Jobless claims decreased by 10-k to […]

Americans Filing for Unemployment Benefits at 45 yr Lows

Americans Filing for Unemployment Benefits at 45 yr Lows

Americans Filing for Unemployment Benefits at 45 yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in almost 45 years as the labor market tightened further, driving expectations of faster wage growth this year. Initial claims for state unemployment benefits decreased 9,000 to a seasonally […]

US Housing Starts Decline, Building Permits Stabilize

US Housing Starts Decline, Building Permits Stabilize

US Housing Starts Decline, Building Permits Stabilize $DIA, $SPY, $QQQ, $VXX US home-building declined in December on a slowdown in the construction of single-family housing units following 2 months of strong gainers. Housing starts decreased 8.2%to a seasonally adjusted annual rate of 1.192-M units, the Commerce Department said on Thursday. November’s sales pace was revised up to […]

US Jobless Claims Dive Lowest Weekly in 45 Years

US Jobless Claims Dive Lowest Weekly in 45 Years

US Jobless Claims Dive Lowest Weekly in 45 Years The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years. Initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week ended 13 January, the lowest mark since February 1973, the […]

DJIA Up Almost 8,000 pts Since Donald Trump’s Election

DJIA Up Almost 8,000 pts Since Donald Trump’s Election

DJIA Up Almost 8,000 pts Since Donald Trump’s Election $DIA, $SPY, $QQQ, $VXX DJIA Up almost 8,000 points since Donald Trump’s Election! US Energy Sector a Key Driver for the Economy US stocks spiked Wednesday and the DJIA closed above 26,000 for the 1st time as investors’ expectations for higher earnings lifted stocks across all […]

Top-Ranked US Economist Sees Strong Growth in 2018

Top-Ranked US Economist Sees Strong Growth in 2018

 US Economist Sees Strong Growth in 2018 $DIA, $SPY, $QQQ, $VXX A top-ranked US economist last year predicted that real US economic growth would reach 3% in Y 2017. “With a tax cut package finally passed by Congress, growth is likely to remain robust as we head into 2018,” Steven Stanley said. “The economy’s 2% […]

Ronald Reagan to be Inducted in US Labor Hall of Honor

Ronald Reagan to be Inducted in US Labor Hall of Honor

Ronald Reagan to be Inducted in US Labor Hall of Honor Former President Ronald Reagan, once the leader of Hollywood’s Screen Actor’s Guild (SAG) will be inducted into the US Labor Department’s Labor Hall of Honor. US Labor Secretary Alexander Acosta made the announcement Thursday at the Ronald Reagan Presidential Library & Museum in Simi […]

Opioid Drug Epidemic Takes Toll on America’s Economy

Opioid Drug Epidemic Takes Toll on America’s Economy

Opioid Drug Epidemic Takes Toll on America’s Economy $GS In a note to clients last Wednesday, Goldman Sachs Group Inc. economists say America’s opioid epidemic is sidelining people in their prime working years and contributing to the low rate of men and women who are either employed or looking for jobs. “Use of both legal […]

President Donald Trump Is Boosting US Economy

President Donald Trump Is Boosting US Economy

President Donald Trump Is Boosting US Economy President Donald Trump’s 1st pick for US Secretary of Labor, Anthony Puzder, said The Trump Administration is having many positive effects on the nation’s economy. The most important indicator is the rise in household income, which gained more in the 1st Q of The Trump Presidency than during […]

US Pending Home Sales Fell for 2nd Month Running

US Pending Home Sales Fell for 2nd Month Running

US Pending Home Sales Fell for 2nd Month Running $DIA, $SPY, $QQQ, $VXX Contracts to buy previously owned US homes fell for a 2nd month running in April one a supply squeeze, but the housing market recovery remains supported by a strong labor market. The National Association of Realtors(NAR) said Wednesday its Pending Home Sales […]

US Economy Brightens on President Trump’s Policies

US Economy Brightens on President Trump’s Policies

US Economy Brightens on President Trump’s Policies $DIA, $SPY, $QQQ, $VXX Economic outlook in US brightens, Unemployment Rolls at 28.5-year Lows, Trump Administration’s policies driving the economy. New applications for US jobless benefits fell last week and the number of Americans on unemployment rolls tumbled to a 28.5 year lows, pointing to shrinking labor market […]

US Bureau of Labor Statistics: 16,069,000 Families Not Working

US Bureau of Labor Statistics: 16,069,000 Families Not Working

US Bureau of Labor Statistics: 16,069,000 Families Not Working Nearly 20% of American families did not have anyone working last year, according to newly released government data. The Bureau of Labor Statistics reported 16,069,000 families were not working, up from the Y 2015 figure of 16,050,000. That amounts to 19.6% of families.  There were more than […]

Business Spending Dives, Durable Goods Orders Fall, Recession Looms

Business Spending Dives, Durable Goods Orders Fall, Recession Looms

Business Spending Dives, Durable Goods Orders Fall, Recession Looms $DIA, $SPY, $QQQ, $VXX Orders for big-ticket manufactured goods dipped in September as a Key category that tracks business investment fell by the largest amount in 7 months. Orders for durable goods edged down 0.1% in September after gains of 0.3% in August and 3.6% in […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $JPM, $C, $WFC, $PNC, $AA The US stock exchanges were open Monday, Columbus Day, even though it is a federal holiday. The 1st official week of Q-3 earnings features 4 banks: DJIA component JPMorgan Chase & Co. (NYSE:JPM) and S&P 500 members Citigoup (NYSE:C), PNC Financial Services Group (NYSE:PNC) and Wells […]

US Jobless Claims Rise, Unemployment Benefits Increased in June

US Jobless Claims Rise, Unemployment Benefits Increased in June

US Jobless Claims Rise, Unemployment Benefits Increased in June $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 268,000 for the week ended 25 June, the […]

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy $DIA, $SPY, $QQQ, $VXX The demand side of the US GDP accounts shows that the nations economic engine has 6 cylinders, they are: consumer spending residential investment capital spending inventories net exports government spending. In recent Quarters, it seems like most of the US economy’s power […]