Retail Sales reinforces economy in good shape
Today’s key economic release and the smoothed out version, suggests the solid economic backdrop created by pro-business policy and tax cuts continues
Read MoreCompanies and equity investors have seen their roles reverse in the stock market
Highlights: Companies used to be net sellers of stocks, selling them to investors and using the proceeds to grow The creation of the modern junk bond market…
Read MoreCompanies and equity investors have seen their roles reverse in the stock market
Highlights: Companies used to be net sellers of stocks, selling them to investors and using the proceeds to grow The creation of the modern junk bond market…
Read MoreYou ain’t seen nuttin’ yet
Taking our trusty intermediate-term oversold signal a step further. In early April, "Whooshes can become ramps" noted how our trusty 14-week stochastic indicator for the S&P 500 (SPX) index hit…
Read MoreThe Economic Week Ahead, Week of May 14th
Coming off of a week focused on inflation numbers and business optimism, this week’s economic data will have a wide variety of numbers released, ranging from retail sales, housing, general…
Read MoreLittle change in April Import Prices
Import Prices for the month of April were up 3.3% y/y, this was below the consensus estimate of 3.9%, and unchanged from a revised 3.3% in March.
Read MoreConsumer prices in line with estimates
The headline Consumer Price Index ticked up in April, rising 2.5% y/y, matching the consensus estimate.
Read MoreU.S. job openings hit a new record in March
The monthly JOLTS report (Job Openings and Labor Turnovers Survey) released by the Bureau of Labor Statistics (BLS) this morning shows an abundance of jobs are available to those who…
Read MoreNow is NOT the time to get cautious
With the S&P 500 (SPX) down the better part of 10% over the past three months, there is a clear sense of caution in the current environment. Clearly, the proper…
Read MoreMixed jobs report lifts stocks
The Labor Department reported that nonfarm payrolls rose by 164k in April, falling short of consensus expectations for 193k.
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