Manufacturing pumps the brakes in April
The Institute for Supply Management (ISM) reported manufacturing slowed in April to the slowest pace in 30 months
Read MorePayrolls surged in April according to ADP
After weaker payroll reports from ADP in February and March, April saw a surge in jobs being added.
Read More3 things to watch today
Although the focus this morning is going to be on Apple’s earnings result after the close, we are looking at three other things:
Read MoreConsumer confidence improved in April
The Conference Board reported the Consumer Confidence Index improved in the latest survey. For April, Consumer Confidence rose to 129.2 from an upwardly revised 124.2 in March.
Read MoreThe cause for pause
Although our fundamental core thesis remains positive, given a backdrop of low inflation, the dovish Fed pivot, a re-steepening yield curve, slowing but positive growth, better-thanexpected EPS, and valuation…
Read MoreLittle change in incomes and but spending surged in March
Personal Income rose a tepid 0.1% in March, down from 0.2% in February and well below the 0.4% estimate. Despite the slower income growth, there was a surge in…
Read More1st quarter GDP well ahead of expectations
This morning we got the advanced reading on Gross Domestic Product (GDP) for the 1st quarter of 2019.
Read MoreBond pet peeve
A big pet peeve for me is when folks generalize a huge asset class and then suggest it is sending investors some kind of message.
Read MoreFewer retail investors bullish on the market
The Investors Intelligent report yesterday, showed that despite the recent market gains, there was a decline in the percent of newsletter writers that were bullish on the market.…
Read MoreBig surge in Jobless Claims
After a record low last week, the report today on Initial Jobless Claims jumped by 37k, to 230k from a slightly revised 193K in the prior week.…
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