Economic sentiment has improved since last month, per our latest survey of global executives on C-19 coronavirus chaos and the economy. Still, their near-term outlook remains more negative than positive. Since early April, a growing number of businesses and governments around the world have begun to reopen, ushering in a new phase of the C-19 coronavirus […]
In McKinsey’s latest survey global executives report a gloomier outlook than a month ago, 67% expect a sizable contraction in the world economy, and a most predict declining company profits. The COVID-19 chaos spread quickly across and within geographies, and now executives share growing concerns about its economic impact and, varying by region, dramatic shifts in […]
$DIA $SPY $QQQ Many people saw the recent market selloff as the start of a Bear market, from the beginning I argued it was an external effect in this long Bull market. So, whether 23-24 March marked The bottom or A bottom is irrelevant I believe. The broad Question is whether the long-term factors that […]
$SPY $SPX The markets move from speculators to investors. There is budding optimistic investor sentiment as numerous countries have taken steps to lessen lockdown restrictions and many of the most gravely impacted countries see the flattening of their infection curves and allow non-essential workers to go back to work Now, we are seeing more and […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA rallied 7.7% to start the trading week. Sentiment was boosted by encouraging signs that the COVID-19 outbreak may be improving. The DJIA (+7.7%) and Russell 2000 (+8.2%) set the pace, followed by the NAS Comp (+7.3%) and S&P 500 (+7.0%). The positive bias was formed overnight in the […]
$VXX $DIA $SPY $QQQ Investors are studying a wide range of technical indicators, from infection counts to more traditional indicators, for clues on the direction the markets will take in coming weeks as the pandemic caused by the novel coronavirus continues to spread. Some point to signs that the worst of the waterfall sell-off that […]
$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]
$GS $SPY $OIL $USO The Goldman Sachs investor call Sunday. The Key economic take aways are: 50% of Americans will contract the virus (150-M people) as it is very communicable. This is on a par with Rhinovirus aka the common cold, of which there are about 200 strains and which the majority of Americans will […]
$DIA $SPY $QQQ $RUTX The Big Q: What is going on in this Stock Market? The Big A: A confluence of confusion aka lots of unknowns. I have been in the stock market since Y 1981, and like everyone else I know in this game, have not see this kind of action ever. What we […]
$DIA $SPY $QQQ $RUTX $VXX Follow the insiders in this market Company executives see their own businesses daily, and through their actions are telling us that fears about the hit to economic growth because of COVID-19 are overdone. With that in mind, they are stepping up buying their own companies’ shares, and in all the […]
$DIA $SPY $QQQ $RUTX $VXX Friday, Fed Chairman Powell said he will “act as appropriate” to support the economy in the face of risks posed by the coronavirus outbreak, though he said the economy remains in solid condition. “The fundamentals of the US economy remain strong,” Chairman Powell said in a statement released amid an ongoing […]
$DIA $SPY $QQQ $RUTX $VXX DJIA -128.11 at 29423.22, NAS Comp -13.99 at 9711.99, S&P 500 -5.51 at 3373.94 The stock market paused Thursday following a strong 8 day run, closing off session lows. The S&P 500 lost 0.2%, the DJIA lost 0.4%, and the NAS Comp lost 0.1%. The Russell 2000 lead at + 0.3%. The S&P 500 + 4.8% in February, […]
US consumer sentiment increased in January to an 8-month high, indicating sustained optimism in the face of the coronavirus and the impeachment trial. The University of Michigan’s sentiment index for January rose to 99.8, up from 99.3 in December and compared with a preliminary reading of 99.1, data showed Friday. The gainer reflected a 6-month high in […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The States that backed Republican President Trump in Y 2016 have enjoyed faster growth last year than states that supported Democrat Hillary Clinton, a Yelp index shows. Five of the 7 fastest-growing states in the US during Y 2019 went Red in the last Presidential election, according to a trend tracked […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Late Friday US stocks came off from record-high marks as investors took profit and data showed slower-than-expected December US jobs growth, but the major indexes posted gainers on the week. Domestic jobs increased by 145,000 last month, below the forecast for a 164,000 rise, the US government data showed, as the pace […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $AAPL, $AMD President Trump cheered as US stocks posted record high closes on Thursday as optimism about a US-China trade deal firmed and as Apple and other market heavyweights posted strong gains. “STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you […]
$XAU, $GLD Blackstone’s Byron Wien says gold ‘”has a chance to be an interesting investment“ That is how the veteran investor, and 1 of the most influential investors, described the outlook for the precious Yellow metal in the coming 12-month stretch ahead of the release of his well-read list of market surprises. Mr. Wien did […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $AAPL Thursday, Wall Street’s major stock market indexes market record highs to open Y 2020,as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook. China’s central bank said Wednesday it would cut the amount of cash that all banks must hold […]
US homebuilder sentiment advanced in December to the highest mark since Y 1999 amid stronger sales and a surge in prospective buyer foot traffic. The National Association of Home Builders/Wells Fargo Housing Market Index jumped 5 pts to 76, the biggest monthly increase since the end of Y 2017, and the November figure was revised higher, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street’s 3 major averages kicked off the trading week by closing at records Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy investor sentiment. President Donald Trump applauded the achievement. “Another new Stock […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Billionaire Ray Dalio said his macro hedge fund firm Bridgewater Associates does not have a net bet that the stock market will fall. A Wall Street Journal article published earlier Friday is “wrong,” Mr. Dalio wrote in a LinkedIn post. “I want to make clear that we don’t have any such […]
$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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA and S&P 500 notched record closing highs again Thursday, as President Trump continues to cheer as the market continues to charge higher into record territory. “Stock Markets (all three) hit another ALL TIME & HISTORIC HIGH yesterday! You are sooo lucky to have me as your President (just kidding!). […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 trades at 17.3X forward 12-month earnings. That is a small premium to the 5-year average of 16.6X according to FactSet. It is an acceptable premium in light of where interest rates are. And it is not as rich as where things were at the start of Y […]
The final University of Michigan Consumer Sentiment Index (MSI) for October rose M-M from a final September reading of 93.2 to 95.5, an increase of 2.5%. Economists polled expected a final October reading of 96.0. The final MSI index reading in October of last year was 98.6. The recent favorable job and income trends were […]
$DIA, $SPY, $QQQ, $RUTX, $VXX At the close: DJIA -142.22 at 26807.77, NAS Comp -118.84 at 7993.62, S&P 500 -25.18 at 2966.64 US stocks fell Tuesday, as investors shunned risk following a decline in consumer confidence, and a hard-lined speech from President Trump. The S&P 500 (-0.8%) and DJIA (-0.5%) declined less than 1%, while the NAS Composite (-1.5%) and Russell […]
$XAU, $XAUUSD, $GLD FLASH: The Gold markets pulled back during the week, but then found enough support at the uptrend line of the ascending triangle to reverse and break above the Key $1450 mark Friday, US Gold futures settled near 6-year highs +1.8% at $1,457.50 oz, helped along by prospects of safe-haven investments,trade threats from […]
$XAU, $GLD, $USD Gold markets extended the rally Monday, that being the case, the 1400 psych mark underneath should offer support, and notably it is a large, round, psychologically significant mark. As long as the price holds above that mark, this market is Bullish to Very Bullish, but there is lots of support marks underneath […]
US homebuilders’ sentiment unexpectedly posted the 1st decliner this year, suggesting lower mortgage rates are failing to give the housing market a sustained boost amid property prices that remain out of reach for many buyers. The National Association of Home Builders/Wells Fargo Housing Market Index fell 2 points below the consensus estimate at 66 to 64 in […]
US consumer sentiment spiked to the strongest marks since Y 2004 on a surge in economic expectations following an unexpectedly strong report on first quarter growth. The University of Michigan’s preliminary sentiment index rose to 102.4 in May, topping all estimates in a survey of economists who had projected the gauge would hold at 97.2. 5 years […]
$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]
Sentiment among US home-builders climbed to a 6-month high in April, another indication that the housing market is gathering momentum during the Key Spring season. The National Association of Home Builders/Wells Fargo Housing Market Index rose 1 point to 63, matching the median estimate in Bloomberg’s survey of economists, on improvements in present sales and buyer traffic, […]
$DIA, $SPY, $QQQ, $RUTX Earnings started and Wall Street likes what it sees, the bias is Bullish and the Fed is hobbled by President Trump. Earnings this week include: C, GS, BAC, JNJ, NFLX, IBM, TEAM and many others. So, am looking for a continuing move North on the general positive bias, expectations of a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The majority of Fed officials last month believed that economic conditions would likely warrant keeping its Dovish monetary policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to minutes of the meeting released Wednesday. Weaker growth […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last Monday was the start of a new Month, a new Quarter, and new Money came in driving the S&P 500 North for 8 days running into Friday on a strong NFPs report, for what looks to be an extension into this week, with the indexes marking and/or approaching […]
$RACE FLASH: Smart Money is right about Ferrari Ferrari N.V. (NYSE:RACE) investors should be aware of an increase in enthusiasm from smart money in here. Our calculations also showed that RACE isn’t among the 30 most popular stocks among hedge funds aka smart money. In today’s market there are a large number of indicators investors […]
$DIA, $SPY, $QQQ FLASH: 10 years Friday the US stock market hit the bottom of the Great Recession. Today, 10 years later, the US stock market is acting as if the economic expansion, now in its 117th month, is going to continue and likely accelerate. The S&P 500 is up 10% YTD The benchmark index […]
FLASH: Inflation expectations fell to a 50 year lows in February, according to the University of Michigan’s Survey of Consumers (MSI). Overall consumer sentiment bounced back in February following the end of the Federal government shutdown, although the rebound was smaller than economists anticipated. The survey produced a reading of 93.8 for final February, up 2.6 points […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around. Also, President Trump is mulling a report that may lead him to […]
$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 & […]
French yellow vest protest organizers are trying to tamp down violence and anti-Semitism in the movement’s ranks as they launch a 15th straight weekend of demonstrations. Hundreds of people gathered Saturday at the Arc de Triomphe monument for a march through prime Paris neighborhoods to protest President Macron’s government policies they see as favoring the […]
The sentiment among US homebuilders rose in February for a 2nd month runnning exceeded all forecasts, as lower mortgage rates and a strong labor market help stabilize demand. The National Association of Home Builders/Wells Fargo Housing Market Index rose to 62 from 58 amid broad improvement on gauges of sales, expectations and buyer traffic, data released Tuesday […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Progress of President Trump’s Policies Bringing On Continued Stock Buying Interest US futures point to a higher start this morning with sentiment boosted by US lawmakers reaching an agreement in principle to possibly avert another government shutdown later this week. The S&P 500 futures trade 18 pts, or 0.7%, […]
$SPY, $QQQ, $RUTX, $VXX FLASH: Investor get excited by higher prices for financial assets. If prices of stocks 2X, it is likely that investors will want them more, and the more they go up, the more investors tend to want them, this is known as “fear or missing out,” or FOMO. So, that is why […]
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 […]
$SPY Our work shows that calls for this Bull Market’s end are premature if not uncalled for. We here at HeffX-LTN believe that stocks will break out to all-time highs this year. The case for a continuing Bull Market is based on a chart pointing to negative market sentiment. At the end of Y 2018 our […]
$BAC, $STI, $SHW, $SWK There are no shortage of warning signs for the housing market, but Bank of America (NYSE:BAC) says investors should not fear the worst. “Do not believe the narratives of a housing collapse,” economist Michelle Meyer wrote in a note to clients Tuesday. Ms. Meyer said the challenges facing the sector “should […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, The US stock market was primed to rebound, it rebounded. Earnings are just ahead and if stocks continue to the Northside as they have on this bounce then the lowered estimates might not be a plus. So, for now savvy players will be playing the bounce, because the selloff was […]
Bitcoin (BTC) Price Dives 12%, Sentiment Sours $BTCUSD Monday, Bitcoin (BTC) plunged more than 12%, extending declines in recent weeks in a broad-based selloff in digital currencies as sentiment sours. Several factors have accelerated the downturn, analysts said, including increased US regulatory scrutiny and a delay to January 2019 of the widely-anticipated launch of Bitcoin […]
Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence $ALMMF, $CHL, $PTR Market sentiment is very weak. President Xi’s government is struggling to dispel such gloom and talk stock prices back up with promises of tax cuts, more bank lending and a media campaign. The benchmark Shanghai Composite Index sank 30% from January […]
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 […]
Buy the Dip: “Fed has the Market’s Back” $DIA, $SPY, $QQQ, $RUTX, $VXX Investors should take advantage of this market pull back, the deepest in 3 years to position for a year-end rally as fears over Fed Hawkishness are likely overdone. While catalysts cited behind the Southside action ranged from peak earnings growth to trade […]
US Homebuilder Sentiment Up On Solid Demand October’s pickup in sentiment across the 3 sub-indexes and all 4 regions indicates the market for newly-built homes Confidence among America’s homebuilders unexpectedly rose in October, registering the 1st gainer in 5 months amid falling lumber prices and solid demand, according to a report Tuesday from the National […]
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 […]
The Trump Effect: DJIA, S&P 500 Mark Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wall Street delivered another set of milestones as buying drove US stocks due North, driving the DJIA above the all-time high it closed at in January, marking the 100th record high for DIA since President Trump took the Oval Office […]
Suspicious Trading In Bitcoin (BTC) Raises Red Flags $BTCUSD, $GS In the 1st week of September, Bitcoin saw its price fall by about 14%, from 7,380 to 6,410 following news that Goldman Sachs (NYSE:GS) was going to halt its plans to set up a digital currency trading desk. While it turns out that this news […]
Americans are Optimistic About the Future $DIA, $SPY, $QQQ, $RUTX, $VXX Economists say the country is close to full employment, but pay gains for American workers have been flat since Y 2015. Even last week’s upward blip in wage growth could be wiped out by inflation. Yet Americans have not been this optimistic about future […]
Highlights of the Michigan Sentiment Index (MSI) for August US consumer sentiment fell by less than expected in August on a positive outlook for the economy and a strong job market, a University of Michigan report showed Friday. Highlights of Michigan Sentiment (August, Final) Sentiment index decreased to a seven-month low of 96.2 (est. 95.5) […]
Investors Cautious on Equities Despite Low Unemployment, Strong Growth Americans were less upbeat about stock even as the US unemployment rate hovered near an 18-year low and the economy recorded its fastest growth pace in four years in the second quarter, a New York Fed survey released Monday revealed. The regional Fed’s barometer on consumers’ […]
US Retail Sales Strong in 2018 $M, $WMT, $COST, $USO NRF Lifts 2018 Retail Sales Forecast on Strong Job Market, Tax Reform The National Retail Federation on Monday raised its US retail sales forecast for Y 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending. The […]
Bitcoin (BTC): 6000 is a Key Technical Mark for the Cryptocurrency $BTCUSD Currently, Bitcoin is trading at 6,342.9951,-12.00, or -0.19%, as of 5:58a BST, the market is open Bitcoin’s 6,000 price mark Key support, as for most part of Q-2 of Y 2018, Bitcoin price has hung around this zone with multiple bounces off the support mark. […]
US Home-builder Sentiment Solid on Strong Demand US home-builders confidence is steady in July, as solid job gains support demand while elevated material costs pressure developers, according to a report Tuesday from the National Association of Home Builders/Wells Fargo. Highlights of Home-builder Sentiment (July) Housing Market Index unchanged from prior month at 68 (est. 68) Gauge of 6-month […]
US Consumer Comfort on Highs $DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 retests its 50-Day Moving Average at 2717 Americans’ sentiment improved to the best mark in 2 months on brighter views of the economy and personal finances, the Consumer Comfort Index reveled Thursday. Highlights of Consumer Comfort for the Week Ended 24 June 2018 […]
MSI: Consumer Sentiment Rises on Americans Optimism US consumer sentiment rose this month amid more-favorable personal finances, while tariffs weighed on Americans’ optimism for the economy and helped boost inflation expectations to a three-year high, according to a University of Michigan report Friday. Highlights of Michigan Sentiment (June, Preliminary) Sentiment index rose to 99.3 (est. 98.5) from 98 […]
US Consumer Sentiment Running High and Higher $DIA, $SPY, $QQQ, $VXX US consumer sentiment held steady on a gain in American household expectations, according to a University of Michigan report Friday. The MSI held steady at a solid 98.8 for preliminary May, the University of Michigan’s Consumer Survey Center reported. The comparable April reading was also […]
Bitcoin Marks 6-wk Highs on Bullish Sentiment $BTCUSD Bitcoin (BTCUSD) marked 6-wk highs Tuesday on Bullish headlines that included the possible entry of major financial institutions into the nascent asset sector, boosting sentiment on the overall cryptocurrency market. The world’s largest cryptocurrency gained after a 50% Fibo correction in Q-1 of this year, following a […]
People are asking, “Is the Bitcoin Bull Back?” $BTCUSD Is the Bitcoin Bull is back? Yes, it could be, we will see soon enough. Bitcoin prices started to run this week, signaling the Bullish sentiment may have returned to the crypto markets. Bitcoin rose Thursday supported by ongoing demand for cryptocurrencies. Currently, Bitcoin is trading […]
Americans Rate President Trump Highest on Economy, Wall Street Responds $DIA, $SPY, $QQQ, $VXX Americans evenly divided in their opinions of how President Donald Trump is handling the economy with 46% saying he is doing a good job and 47% saying he is doing a poor job of making the US prosperous, according to researcher Gallup. […]
President Trump’s Tax Reform has Consumer Sentiment Jumps at 14-Yr Highs US consumer sentiment in March unexpectedly jumped to a 14-year highs after tax cuts boosted disposable incomes, while new tariffs boosted inflation expectations and dimmed the outlook, a University of Michigan (MSI) survey showed Friday. Highlights of Michigan Sentiment (March, Preliminary) Sentiment index rose to […]
Gold Stocks are Oversold, Gold Bullion is Not $GLD, $SLV The precious metals sector continues to correct and consolidate. Gold remains in a Bullish consolidation. It recently tapped resistance again and even though it has failed to breakout, it remains above long-term MS (moving averages) which are sloping upward. The Gold stocks and Silver remain […]
Bitcoin Breaks 50-Day MA for 1st Time Since January $BTCUSD Monday, Bitcoin Bulls may have seen the technical beak-out they have been looking for. The world’s biggest cryptocurrency by market value rose above its 50-Day MA for the 1st time since mid-January, up as much as 5.8% Monday, the most in 2 weeks. Currently, Bitcoin […]
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 […]
The Trump Effect Continues, Consumer Sentiment Spikes, Stocks Recover $DIA, $SPY, $QQQ, $VXX US consumer sentiment rose in February to the 2nd-highest mark since Y 2004 as tax cuts and a strong job market helped Americans shrug off stock-market volatility, a University of Michigan survey showed Friday. Highlights of Michigan Sentiment (February, Preliminary) Sentiment index rose to […]
PPI Came in ‘Hot’, Traders Shrug it Off, Market Soars $DIA, $SPY, $QQQ, $VXX Thursday, Wall Street marked it 5th session running of gains, led technology stocks as investors shrugged off inflation worries that may have roiled the markets early this month. Traders shrugged off economic data for a 2nd consecutive session that indicated inflation […]
US Homebuilder Sentiment Beats, Marks 18 yr Highs Confidence among US homebuilders rose in December to the highest mark since July 1999, exceeding all analyst estimates, as a growing economy boosts housing demand, according to data Monday from the National Association of Home Builders/Wells Fargo. Highlights of Homebuilder Sentiment (December) Housing market index rose to 74 from […]
Ferrari (NYSE:RACE) the One Automaker to Buy $RACE So let’s talk about Ferrari (NYSE:RACE) the one automaker the leads the entire automotive sector by ‘miles’ Ferrari celebrated its 70th Anni in Y 2017, and looks poised for record growth in the coming years. The Big Q: Why Ferrari is racing ahead of all rivals? Ferrari’s cars are […]
The Step Sum Boxes for DJIA and Gold $DIA, $GLD, $SLV Once again, the DJIA, aka Dow Jones, closed the week at a new all-time high, another BEV Zero in the Bear’s Eye View chart below. That makes 82 new all-time highs since last November’s Presidential election. That’s 30% of the Dow Jones’ daily closings […]
US Consumer Sentiment Falls on Inflation, Rate-Hike Fears $DIA, $SPY, $QQQ, $VXX US Consumers remain optimistic about employment and the economy. US consumer sentiment in fell on expectations that inflation and interest rates will rise, according to a University of Michigan report Friday. Highlights of Michigan Sentiment Indicator (November, preliminary) Sentiment index dropped to 97.8 (est. 100.8) […]
Highlights of Michigan Sentiment Indicator for October Consumer Sentiment climbed in October to the highest mark since the start of Y 2004 as US households grew upbeat about the outlook for the US economy, a University of Michigan (MSI) survey showed Friday. Highlights of Michigan Sentiment (October, final) Sentiment index rose to 100.7 (matching est.) […]
US Homebuilder Sentiment (NHAB) Rises, as Sales Slow US homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose 4 points […]
US Consumer Sentiment Spikes to 13-Year Highs US consumer sentiment (MSI) rose to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday. Highlights of Michigan Sentiment (October, preliminary) Sentiment index rose to 101.1 (est. 95), highest since January 2004, […]
Sentiment Indicators are Very Bullishness $DIA, $SPY, $QQQ, $VXX The recent economic reports have been overall positive, and better than expected. Many of those reports were sentiment oriented, reflecting optimism about the future of the economy. Markets responded to the notion of tax reform, with US stock markets providing a steady stream of all time […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Investors did not receive any economic data Friday, nor will they receive any economic data Monday Noting new happened at the weekend that impacts Monday action. Some are talking about The Trump Rally extending in here, if it does the rule is let winners run, and […]
Dow Jones Industrial Average Marks Another Record High $DIA, $SPY, $QQQ, $VXX The Trump Effect is preventing a US stock market crash Robert Shiller is warning investors that just 1 aspect is keeping today’s high-flying stock market from crashing like it did in Y 1929. The Yale University economics professor explained that there’s one vital […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX US stock investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from the next leg up in interest rates, after the FOMC’s policy-setting meeting wraps up Wednesday. If the FOMC gives a nod to rising inflation or focuses its trimmed-down bond buying on […]
Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming $GLD, $SLV, $MTAFF, $IBM, $WMT To start this is gold’s step sum chart going back to November 2010. For almost a year (November 2010 to August 2011) gold’s step sum saw an amazing ascent; rising from 220 to 275 (55 net advancing days) in a […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX US economic data on the week include: PPI, CPI, Retail Sales, and Empire Manufacturing. Hurricane IRMA made landfall and has been working its way up the west coast of Florida, so there will be an idea of the damage. Nothing serious from NKorea, but President […]
US Consumer Comfort Falls After 7 Straight Weekly Gainers $DIA, $SPY, $QQQ, $VXX Americans’ confidence eased from a 16-year high last week, though relatively high optimism should continue to support spending, according to the Consumer Comfort Index figures released Thursday. Highlights of Consumer Comfort, Week Ended 3 September Consumer comfort measure fell to 52.6 from […]
Dubai Property Market Sentiment Worse Than Last Year The Core Savills reveals that there were misconceptions about oversupply in the emirate but rents could continue to soften. Only about 33% of people in Dubai believe the Emirate’s property market has shown signs of recovery, indicating worse sentiment than last year, according to a survey by […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $SDS, $QQQ, $VXX The NAS Comp marked a fresh ATH (all-time high) again, and what we have seen in this market is that new highs are sold and buyers come back and pick up the dip. So, that being the case, the move is to bank some […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $SDS, $QQQ, $VXX Friday the US stock index futures jumped on the news that The Trump Administration tax reform was on track for Y 2017, but staying power was just OK, we will see what effect it has on the action this week. After the close Friday, the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX There is a just a bit less of the same for news and economics this week. The market is seeing and factoring in that The Trump Administration is going to get more accomplished with the Top advisor staying put and both Big and Small business growth is […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The major US stock market indexes are setups to decides direction near term s noted earlier, the volume last week did not indicate that it was time to sell all stocks into the bounce. There are some good Northside plays to make money whenthe bids […]
The Trump Rally Extends, DJIA, SP 500 at Record Highs $DIA, $SPY, $QQQ, $VXX US stocks finished higher Monday, with the DJIA closing at a record high, after marking another all-time high at the open. The rise in the DJIA also put the blue-chip index on track to close higher for the 10th day running, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The NAS Comp and the S&P 500 are standing near support after just over a week range trading, there is leadership that can move North and break the indices higher off of the Key support. The US NFPs report was solid enough, thought not great, as the Key indices […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Healthcare reform was scuttled by a vote from maverick US Senator John McCain (R-AZ) a walking dead man shouting his last hurrah. This is not over yet, more this week. President Trump will do the right thing, and stop subsidizing the insurance companies to write bad […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Lots of data happening this week. Consumer Confidence, New Home Sales, Durable Goods, GDP Q-2 estimate, and the FOMC meet Wednesday. A relatively strong GDP estimate at 2.8% is anticipated. If that happens, it may toughen up the FOMC’s statement on Wednesday, as the Fed may […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The major US stock indexes were consolidating the recent moves, buying, selling, buying on lite volume, then last Wednesday came to life with the release of the Schoolmarm Yellen’s testimony to Congress. The we saw solid moves for 3 day’s running, Friday saw the indices […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The market had a positive reaction to the US NFPs given the Fed notion of rate hiking and balance sheet reducing. If the Fed is hiking, the market wants to see positive economic data. There are problems, as seen in the GDP reports, corporate profits […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This Independence Day celebration in the US has Monday doing 1/2 session and then a closed market Tuesday, 4th of July. Not much action or change expected Monday, but Wednesday things may gett interesting as new money could flow into the market. Consumer Sentiment is […]