Gold’s Price, a Fundamental Forecast

Gold’s Price, a Fundamental Forecast

$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]

Wall Street Bulls Are Back in Rally Mode

Wall Street Bulls Are Back in Rally Mode

$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US stocks spiked on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks in early October, while at the same time strong US economic data eased fears of a domestic slowdown. The ADP National Employment Report, considered a precursor to the Labor […]

If you were paying close attention last week you Keyed on This…

If you were paying close attention last week you Keyed on This…

$EURUSD FLASH: Last week, Fed Chairman Powell said, “…we will act as appropriate to sustain the expansion.” With those few words Chairman Powell took the strength out of the argument for a recession because the Fed is very powerful. And with the stock market rallying, President Trump threatening more tariffs on China, stocks are just […]

Market Extends Rally Off of Its Best Week in 2019

Market Extends Rally Off of Its Best Week in 2019

$DIA, $SPY, $SOX, Investors heavily exposed to US stocks just had their best week YTD. But the rebound has raised several questions related to market behavior, policy and economics. How they are answered will prove consequential not only for market prospects but for the global economy. And, notwithstanding the lack of decisive answers at this stage, […]

S&P 500 Up for 7 Day’s Running Seeing 2900 Next

S&P 500 Up for 7 Day’s Running Seeing 2900 Next

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The S&P 500 gained 0.5% Friday in a broad-based advance that was supported by a Goldilocks Employment Situation Report for March. The benchmark index advanced for the 7th session running, increasits its weekly gainer to 2.1%, and closed within 10 points of the 2900 level. The US labor market […]

Ignore “Very Fluky” Weak Jobs Report

Ignore “Very Fluky” Weak Jobs Report

FLASH: White House economic adviser Larry Kudlow said Friday’s weak jobs report is “very fluky,” and he would advise not paying “any attention to it.” “I think you have timing issues with respect to the government shutdown. Winter, seasonal issues,” he said. “I think it’s very fluky. I would not pay any attention to it […]

Fed Follows President Trump’s Lead, Stocks Soar

Fed Follows President Trump’s Lead, Stocks Soar

$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 gained 3.4% Friday, as Fed Chairman Powell signaled patience and flexibility on rates in light of stronger-than-expected jobs data. The DJIA (+3.3%), the NAS Comp (+4.3%), and the Russell 2000 (+3.8%) also marked strong gains to finish the week + 1.6%, 2.3%, and 3.2%, respectively. All 11 […]

Steady, Sustainable US Economic Growth Means No Recession in Sight

Steady, Sustainable US Economic Growth Means No Recession in Sight

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 […]

Roaring Trump Economy Benefits ‘Blue Collar’ Worker the Most

Roaring Trump Economy Benefits ‘Blue Collar’ Worker the Most

Roaring Trump Economy Benefits ‘Blue Collar’ Worker the Most Monday, White House economic adviser Larry Kudlow says American blue-collar workers are the ones most benefiting from President Donald Trump’s robust economic growth. “We’re running solidly. You know who the biggest beneficiaries are? Blue-collar workers. Take a look at the numbers,”  the veteran financial guru and […]

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 […]

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. […]

Living in the Trump Era of Optimism, Prosperity and Strong Economic Growth

Living in the Trump Era of Optimism, Prosperity and Strong Economic Growth

Living in the Trump Era of Optimism, Prosperity and Strong Economic Growth $DIA, $SPY, $QQQ Just in case you missed this at the weekend, and remember Optimism leads to Power! Friday’s blockbuster NFPs (jobs) data capped a long string of recent strong economic reports which has led to much brighter forecasts for American growth under […]

Inflation & Gold, the Link Between the Elements

Inflation & Gold, the Link Between the Elements

Inflation & Gold, the Link Between the Elements $GLD The Big Q: On fueled inflation will Gold’s price soar? The Big A: The recent US NFPs report showed that wages had jumped 2.9% in January on an annual basis. It was the best since Y 2009, which awakened investor fears of inflation. That’s why investors awaited Wednesday’s data on […]

US Jobs Report: NFPs +200,000, Wages Rise Most Since 2009

US Jobs Report: NFPs +200,000, Wages Rise Most Since 2009

US Jobs Report: NFPs +200,000, Wages Rise Most Since 2009 $AAPL, $WMT “Jobs, Jobs, Jobs” US job growth rose in January and wages increased too, recording their largest annual gainer in more than 8.5 years, bolstering expectations that inflation will push higher this year as the labor market hits full employment. Remember, No inflation, No […]

US Stocks Finished Flat to Unchanged on a Positive Week

US Stocks Finished Flat to Unchanged on a Positive Week

US Stocks Finished Flat to Unchanged on a Positive Week $DIA, $SPY, $QQQ, $VXX The S&P 500 eased a bit Friday, ending a 6-day run of record highs as the 1st monthly decliner in US NFPs in 7 years dampened sentiment and pharmacy shares fell on Amazon (NASDAQ:AMZN) competition concerns. The benchmark’s slight decline follow […]

Trump Rally Extends to Record Highs on Wall Street

Trump Rally Extends to Record Highs on Wall Street

Trump Rally Extends to Record Highs on Wall Street $DIA, $SPY, $QQQ, $VXX No one is interested in selling this market, signaling that America’s investors are polling Very Positive for President Donald Trump, no matter what the left press is broadcasting, aka Fake News.  Again Thursday, the major US stock market indexes rose to record […]

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 […]

Expect The Congress to Embrace President Trump’s Growth Plan

Expect The Congress to Embrace President Trump’s Growth Plan

Expect The Congress to Embrace President Trump’s Growth Plan $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV, $USO Friday’s monthly NFPs market moving data release attracted much less attention than in the past. The Key jobs report reflects on the health of the US labor market in March, and it is important for assessing the underlying strength […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street Economic Reports to Wall Street Monday, 30 January Personal Income, Dec (8:30): 0.4% expected, 0.0% prior Personal Spending, Dec (8:30): 0.4% expected, 0.2% prior PCE Prices – Core, Dec (8:30): 0.2% expected, 0.0% prior Pending US Home Sales, Dec (10:00): 1.3% expected, -2.5% prior Tuesday, 31 January Employment Cost […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street This week 130 members of the S&P 500 are scheduled to report earnings to Wall Street. Included in this group is DJIA component Pfizer (NYSE:PFE) Tuesday. The FOMC will hold a 2-day meeting starting Tuesday. The CME’s FedWatch Tool currently assigns a greater than 90% chance of interest rates remaining unchanged. […]

Recession Indicator Triggered on Unemployment Up Tick

Recession Indicator Triggered on Unemployment Up Tick

Recession Indicator Triggered on Unemployment Up Tick $DIA, $SPY, $QQQ, $VXX September’s jobs report contained a sign that investors should be on alert for Recession in the US, and that means a stock market correction 1 of the Top 3 necessary Recession indicators is when the unemployment rate breaches its 12-Month MA. September NFPs (non-farm […]

Weak NFPs Signals No Fed Rate Hike in September

Weak NFPs Signals No Fed Rate Hike in September

Weak NFPs Signals No Fed Rate Hike in September $DIA, $SPY, $QQQ, VXX August Employment Situation and July Trade Deficit: NFPs: 151,000; Private Sector: 126,000; Unemployment Rate; 4.9% Unch; Hourly wages: +0.1%/ Trade Deficit: $5.2-B narrower Commentary: Given how robust job gains were in June and July, the weak August increase halted the FOMC actions. If […]

Yellen Will Not Fail To Deliver Support to Financial Markets

Yellen Will Not Fail To Deliver Support to Financial Markets

Yellen Will Not Fail To Deliver Support to Financial Markets $DIA, $SPY, $QQQ, $VXX Morgan Stanley (NYSE:MS) predicts the US Fed will forgo raising interest rates in September and in December, and Janet Yellen, and the other Fed policy makers said nothing in Jackson Hole, WY, to change the firm’s outlook. US Treasuries pared a […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $BF.B, $CRM, $AVGO, $CPB, $HRB There are only 5 members of the S&P 500 scheduled to report earnings this week, they are: Brown-Forman Corp. (NYSE:BF.B) and Salesforce.com (NYSE:CRM) Wednesday, and Broadcom (NASDAQ:AVGO), Campbell Soup Co. (NYSE:CPB) and H&R Block (NYSE:HRB) Thursday. Economic reports The week’s 1st notable economic report […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $PFE, $PG Earnings season continues with 119 S&P 500 companies reporting. Included in this group are DJIA components Pfizer Inc. (NYSE:PFE) and Proctor & Gamble Co. (NYSE:PG), which will both report Tuesday. Economic Reports The week’s 1st economic reports to Wall Street will be the July purchasing manager’s manufacturing index (PMI), the […]

US Jobs Situation Report Damaging, Virtually No Jobs Created in May

US Jobs Situation Report Damaging, Virtually No Jobs Created in May

US Jobs Situation Report Damaging, Virtually No Jobs Created in May $DIA, $SPY, $QQQ, $VXX Donald Trump said the surprisingly weak US jobs situation data for May released on Friday was “terrible”, a “bombshell.” “Terrible jobs report just reported. Only 38,000 jobs added. Bombshell!” Trump said in a post on Twitter shortly after the US […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $MDT, $KORS, $AVGO The US financial markets were closed Monday for Memorial Day. This week only 3 members of the S&P 500 will report Q-1 earnings to Wall Street as this season is winding down, they are: Medtronic (NYSE:MDT) Tuesday, Michael Kors Holdings (NYSE:KORS) Wednesday and Broadcom (NASDAQ:AVGO) on Thursday. Economic Reports […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $PFE, $MRK Q-1 earnings season will be busy, with 124 members of the S&P 500 scheduled to report this week. Included in this group are DJIA components Pfizer (NYSE:PFE) Tuesday and Merck & Co. (NYSE:MRK) Thursday. Economic Reports The week’s 1st economic reports to Wall Street will be the April PMI […]