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May 2018 Pending Home Sales Seasonally Adjusted Index Remains In Contraction Year-Over-Year

May 2018 Pending Home Sales Seasonally Adjusted Index Remains In Contraction Year-Over-Year

The National Association of Realtors (NAR) seasonally adjusted pending home sales index declined. Our analysis shows pending home sales is in contraction year-over-year. The quote of the day from this NAR release: … Realtors in most of the country continue to describe their markets as highly competitive and fast moving, but without enough new and […]
There Are More Job Openings Than Unemployed

There Are More Job Openings Than Unemployed

You’re probably thinking that that’s a paradox. If job openings are greater than the total unemployed for the first time since 2000 (when job openings were first measured), you’d think: the economy is so good that this can only continue. Here’s the big problem: We are running out of workers to hire in this unprecedented over-stimulated economy […]
Dow Breaks Below Critical Support As Stocks Give Up Day’s Gains

Dow Breaks Below Critical Support As Stocks Give Up Day’s Gains

Small Caps are leading the day’s losses but since Kudlow admitted the “no retreat, no surrender” policy on China, markets have gone south, the yield curve has flattened… and the dollar AND oil have exploded higher?? The Dow is back below its 200-day moving average… VIX tagged 18.00… And the yield curve is collapsing to […]
Conagra Brands Inc. Conagra Brands To Acquire Pinnacle Foods For $10.9 Billion

Conagra Brands Inc. Conagra Brands To Acquire Pinnacle Foods For $10.9 Billion

Conagra Brands Inc. (NYSE: CAG) Conagra Brands, the company behind Marie Callender’s, Healthy Choice and Banquet brands, revealed its plans to buy Pinnacle Foods, maker of Hungry-Man and Birds Eye Frozen foods. Chicago-based Conagra made the announcement on Wednesday, saying it will acquire Pinnacle Foods in a cash-and-stock deal worth 10.9 billion (including debt). Under […]
Stocks Remain Concerned About The Trade Skirmishes

Stocks Remain Concerned About The Trade Skirmishes

Moderate Rally As Trade Worries Linger The S&P 500 was up 0.22% as the stock market continued its upward momentum from late in the trading session on Monday when Peter Navarro calmed the markets. The Nasdaq and Russell 2000 regained even more of their losses as they were up 0.39% and 0.66% respectively. Press secretary […]
Disney Says DOJ Clears Pending Acquisition Of 21st Century Fox

Disney Says DOJ Clears Pending Acquisition Of 21st Century Fox

The Walt Disney Company (DIS) announced that the Antitrust Division of the United States Department of Justice has cleared the pending acquisition by Disney of Twenty-First Century Fox, Inc. (FOXA). The DOJ has entered into a consent decree with Disney and 21st Century Fox that allows the acquisition to proceed, while requiring the sale of […]
EC
                        
                        Mark It On Your Calendars

EC Mark It On Your Calendars

It’s that time again. At the end of this month, the Federal Reserve has over $30 billion of notes maturing. I won’t rehash what this might mean for the market, rather for those not familiar, I ask you to go read Pink Tickets On QT Days. Let’s do a quick recap at what happened at the […]
Good News For Consumers And Bad News For Investors

Good News For Consumers And Bad News For Investors

Good news for consumers: a tsunami of used cars coming off lease are continuing to put downward pressure on auto prices, which are on track to decline 20% this year alone. Record vehicle inventories, along with heavily indebted consumers, and the rise of ride-hailing and sharing services, all suggest lower prices are unlikely to clear […]
RBNZ Preview: Wait-And-See Policy To Fuel NZD/USD Losses

RBNZ Preview: Wait-And-See Policy To Fuel NZD/USD Losses

TRADING THE NEWS: RESERVE BANK OF NEW ZEALAND (RBNZ) INTEREST RATE DECISION More of the same from the Reserve Bank of New Zealand (RBNZ) may generate fresh yearly lows in NZD/USD as the central bank keeps the official cash rate (OCR) at the record-low and remains reluctant to normalize monetary policy. The RBNZ seems reluctant to alter […]
Stocks Drop, Dollar Spikes After Kudlow Says Trump “Not Retreating On China”

Stocks Drop, Dollar Spikes After Kudlow Says Trump “Not Retreating On China”

The Trump administration wants its trade war cake and to eat all time highs in the S&P too. Earlier today, the S&P spiked after the Trump administration appeared to relented, offering Beijing an “olive branch” by agreeing not to use new “harsh” methods to halt China’s investments. The trade off, of course, was that Trump […]