Further evidence of a strong housing market
The Commerce Department reported this morning that housing starts rose 3.2% m/m to 1365k units in November.
Read MoreThe Commerce Department reported this morning that housing starts rose 3.2% m/m to 1365k units in November.
Read MoreEvery bull market has minor corrections like the 7% one in May and 6% in August, but a real 15-20% drop over the course of the past ten years has…
Read MoreThe last full trading week of 2019 got off to a good start with all four major indices hitting new highs.
Read MoreThe National Association of Homebuilders (NAHB) reported sentiment among U.S. builders jumped in December, surpassing the current cycle high set in December 2017.
Read MoreDidn’t it feel like the market was up big last week? It did to me, but there was just a gain of under 1% on uncertainty over what the Trade…
Read MoreThe S&P 500 Index (SPX) had another positive week and gained +0.73%, to close at a new all-time high on Friday. The SPX his risen in 9 out of the…
Read MoreAn FOMC announcement, China trade headlines and a U.K. election had investors on their toes this week.
Read MoreI keep hearing people on financial TV saying the market is at an extreme valuation at 19x trailing 12-month EPS. As you know from our December Macro Slide Deck, the…
Read MoreThe advance retail sales data was up but below what was expected in November.
Read MoreGood morning everyone, and today is sure to be an important day. Early this week we highlighted some issues that were sure to bring increased volatility to the market, but…
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