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Consumer Confidence: Decidedly Lagging Indicator

Consumer Confidence: Decidedly Lagging Indicator

Consumers have not been this confident since October 2000. Hooray? The Conference Board says Consumer Confidence is at 18-Year High. The Conference Board Consumer Confidence Index® increased in August, following a modest increase in July. The Index now stands at 133.4 (1985=100), up from 127.9 in July. The Present Situation Index improved from 166.1 to 172.2, […]
Investors Flood Fidelity Zero-Fee Funds With $1 Billion In First Month

Investors Flood Fidelity Zero-Fee Funds With $1 Billion In First Month

Confirming the old adage that people love ‘free stuff’, in the month since Fidelity unveiled the first no-fee index fund, the massive asset manager has seen its new funds flooded with $1 billion in AUM. On August 1st, the closely-held Fidelity announced it would offer two new index funds to individual investors with a zero expense ratio. The funds, which will track […]
The Global Financial System Is Unraveling, And No, The U.S. Is Not Immune

The Global Financial System Is Unraveling, And No, The U.S. Is Not Immune

Currencies don’t melt down randomly. This is only the first stage of a complete re-ordering of the global financial system. Take a look at the Shanghai Stock Market (China) and tell me what you see: A complete meltdown, right? More specifically, a four-month battle to cling to the key technical support of the 200-week moving […]
Unhappy Labor (Day)

Unhappy Labor (Day)

In November 1929, faced with the growing prospects for serious economic reverse, President Herbert Hoover gathered the heads of major American industrial businesses to confer at the White House. Primary on his agenda was wages. For workers, depression was simple. Work was hard to find but more than that what labor might be exchanged would […]
Crestmont Market Valuation Update: August 2018

Crestmont Market Valuation Update: August 2018

Quick take: Based on the August S&P 500 average of daily closes, the Crestmont P/E is 134% above its arithmetic mean and at the 100th percentile of this fourteen-plus-decade monthly metric.  The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
5 Stocks Near 52-Week High With Potential To Scale Higher

5 Stocks Near 52-Week High With Potential To Scale Higher

A stock hitting its 52-week high level is thought to be a winner. This level works as an indicator for many investors for buying or selling a stock. Investors often wonder if this level makes the stock an overpriced one. While they are not totally incorrect, all stocks hitting a 52-week high are not necessarily […]
July 2018 CoreLogic Home Prices Up 6.2% Year-Over-Year

July 2018 CoreLogic Home Prices Up 6.2% Year-Over-Year

CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.2 % year-over-year (reported up 0.3 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. The quote of the day was in this data release: …. While markets in […]
Gold Price Forecast: Downside Targets Back On Radar As Range Snaps

Gold Price Forecast: Downside Targets Back On Radar As Range Snaps

GOLD TALKING POINTS Gold slips to a fresh weekly-low ($1190) as the ISM Manufacturing survey unexpectedly climbs to 58.5 in August to mark the highest reading since 2004, and recent price action raises the risk for a further decline in the precious metal as it snaps the range-bound price action from the previous week. GOLD […]
EUR/USD: Retains Its Bearishness, Aims At 1.14001.1393 Region

EUR/USD: Retains Its Bearishness, Aims At 1.14001.1393 Region

EUR/USD: The pair saw further weakness on Tuesday with eyes its support located at 1.1393 level. Further down, support lies at the 1.1350 level where a violation will aim at the 1.1300 level. A break of here will aim at the 1.1250 level. Below here will open the door for more weakness towards the 1.1200. […]
GDPNow Forecast Surges To 4.7%: Spread To Nowcast An Amazing 2.7 Percentage Pts

GDPNow Forecast Surges To 4.7%: Spread To Nowcast An Amazing 2.7 Percentage Pts

Following today’s ISM and construction reports, the GDPNow forecast for 3rd-Quarter GDP rose to 4.7%. Nowcast is 2.0%. The GDPNow to Nowcast spread is the widest in history. GDPNow Latest Forecast: 4.7%— September 4, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.7 percent on September 4, […]