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RecessionAlert Weekly Leading Index Update – Friday, August 17

RecessionAlert Weekly Leading Index Update – Friday, August 17

The latest index reading came in at 19.1, up from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that WLEI […]
55 Firms Going Ex-dividend Next Week, Including Discover, Hershey And Phillips 66

55 Firms Going Ex-dividend Next Week, Including Discover, Hershey And Phillips 66

There are several well known large cap stocks going ex-dividend next week including the following six Top 100 Dividend Stocks: Prudential Financial, Phillips 66, Cummins, Discover Financial, Hershey and L Brands. Ex-dividend dates are important to dividend investors because one must own a stock on its ex-dividend date in order to be eligible to receive its next dividend. Any […]
Just 4 Trading Days Until The Longest Bull Market Of All Time: What Happens Then

Just 4 Trading Days Until The Longest Bull Market Of All Time: What Happens Then

We’re almost there: in just 4 trading days, the S&P 500 “bull market” which has purchased by central banks with trillions in liquidity and by companies with even more trillions in buybacks, will become longest of all-time. And yet away from the S&P, BofA’s Michael Hartnett notes that “there have been so many grizzly bond, […]
Retail Sales Report- Great July

Retail Sales Report- Great July

Retail sales – the reports have mostly been good. I reviewed the strong Empire Fed reading in a previous article, now let’s look at the great July retail sales report. The bad news is the June reading was revised lower and the good news is the July reading beat estimates. This means Q2 GDP could […]
USD/CAD Bears Eyeing 1.30 Support After CA CPI

USD/CAD Bears Eyeing 1.30 Support After CA CPI

                                                          (Video length 00:03:18)
This Week In Cryptocurrency – Friday, August 17

This Week In Cryptocurrency – Friday, August 17

Tough Week for Ethereum Last week, the total cryptocurrency market cap plunged 14.33%, largely as a result of the SEC postponing its decision on a Bitcoin-ETF proposed by CBOE, VanEck, and SolidX. This week, the cryptocurrency market slid another 5.7%, which isn’t as bad when you factor in the steep drop Wednesday, hitting around $189,666,000,000, its lowest market […]
USD/JPY: Risk Aversion Keeps A Bid Behind The Yen, Inflation Data On Deck

USD/JPY: Risk Aversion Keeps A Bid Behind The Yen, Inflation Data On Deck

JPY STRENGTH HOLDS AS USD/JPY RE-APPROACHES 110.00 Fundamental Forecast for the Yen: Neutral The Japanese Yen continues to hold strength as we move through the middle of August, and this is a theme that’s been rather visible so far throughout 2018. As we came into the year, the prospect of stronger rates of inflation pushing the […]
Tech Flows Are Finally Rolling Over

Tech Flows Are Finally Rolling Over

While one wouldn’t see it by looking at the S&P 500 which in fits and starts continues to push toward its January all-time highs, the latest weekly flows saw a broad “risk off” shift in investor mood, with $3.6BN out of equities ($0.7bn ETF outflows, $2.9bn mutual fund outflows), $2.3BN out of bonds, and $0.5BN out of […]
Secular Trends In Residential Building Permits And Housing Starts – Friday, August 17

Secular Trends In Residential Building Permits And Housing Starts – Friday, August 17

Yesterday, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to assign […]
Technology Stocks Setting Up For Disappointment? Don’t Get Too Complacent

Technology Stocks Setting Up For Disappointment? Don’t Get Too Complacent

Technology Stocks Could See a Sell-Off, Investors Beware Call me an alarmist, but I believe technology stocks could be worth watching closely. They could be setting up to disappoint. If investors have bought them, it might be time to step back a little. Over the years, there’s one thing I have learned very clearly; assets that […]