I love the smell of denial in the morning. Over the weekend, presidential hopeful Donald Trump laid out his concerns about a massive recession coming, but almost as quickly as the words were out of his mouth, the media started hammering that Trump was off-the-mark. For example, take a look at this CNBC piece: “Trump … Read More
Just out from Case-Shiller/S&P/CoreLogic and whoever else: “New York, March 29, 2016 – S&P Dow Jones Indices today released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data released today for January 2016 show that home prices continued their rise across the country over the last 12 … Read More
Futures are up about 30 points (or were when I looked) which supports the old theory that a lot of people take money off the table when there is a three-day weekend in play. Another theory – along the same lines – is that markets rally ahead of the holiday. As usual, the “old theory” … Read More
This is not a good one just out from Census: New Orders New orders for manufactured durable goods in February decreased $6.6 billion or 2.8 percent to $229.4 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 4.2 percent January increase. Excluding transportation, new orders … Read More
than reading an UrbanSurvival column, I can’t think of anything more exciting that, oh, the Fed Meeting this week. That’s because the Fed is in the midst – whether they realize it, or not – of replaying the same Fed
I alluded to what would happen yesterday with the headline about blowing up the Dow with the latest rate decision from the European Central Bank (ECB). Sit with me here and I’ll walk you though this nice and slowly: Wikipedia first:
Although the market was up yesterday, for a few minutes this morning, it seemed as though the market might be ready to turn-tail and run for the hills. The futures at one point were down more than 120. Now?
It has been a fair while since we have talked much about the anti-gravity project. THE WHAT???? Oh…how soon you forget!
First up we have the Challenger Job Cut report for February. After having a train wreck in January, this one is just downright peachy: CHICAGO, March 3, 2016 – After surging to a six-month high to begin the new year, downsizing slowed in February, as US-based employers announced 61,599 job cuts during the month, 18 percent fewer than the 75,114 in January, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
Before we get into the daily dose of data (DDoD) we should point to the story making the rounds this morning about how the Chinese are watching the evolving groundswell in the direction of Donald Trump’s presidential bid with some concern. Specifically, according to the story over here, following the Nevada win by Trump, the Chinese have told the U.S.
On a weekly closing basis, it would sure be nice to see the S&P climb over the 1,950 level and stay there for a week or three, then pull back, but not to new lows, so I could load up on some out of the money options and make a bunch of dough. It would be nice, but we will see. In the meantime, this week is a busy one.
A point and to-the-short discussion this morning. First is the Leading Economic Index, released by the Thursday which work the bears up for the last hour or two of trading: The Conference Board Leading Economic Index® (LEI) for the U.
Very quietly this week I pass a wholly artificial boundary called a “birthday.” Everyone has one, but few people use the occasion for the purpose of hard introspection or to sit back and reflect on their learnings in the past year. I’m pleased to report in this morning’s State of the George report, that the state of George is good.