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Consumer Spending Is Up, Saving Is Down. What Does This Mean For The Economy?

Consumer Spending Is Up, Saving Is Down. What Does This Mean For The Economy?

Image Source: PexelsThat’s the title of today’s segment on WPR’s Central Time, where I was the guest. In my view, the reason why the economy has proved so durable thus far is in large part attributable to the resilience of the consumer, buoyed by Covid era transfer payments. With the path of disposable income higher than thought […]
Current Analysis: Grupo Aeroportuario Del Pacifico

Current Analysis: Grupo Aeroportuario Del Pacifico

Image Source: PexelsGrupo Aeroportuario del Pacifico SAB de CV (PAC) is engaged in the construction, development, and operation of airports in Mexico.The company’s segments are Guadalajara; Tijuana; Puerto Vallarta; San Jose del Cabo; Montego Bay; Hermosillo; Guanajuato and Other Airports. It generates maximum revenue from the Guadalajara segment.The company was incorporated in 1998 and is headquartered […]
Current Analysis: Mullen Group (MLLGF)

Current Analysis: Mullen Group (MLLGF)

Photo by Maxim Hopman on UnsplashMullen Group Ltd (MLLGF) is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate.The company also provides a diverse set of specialized services related to the […]
Key Market Relationships For Next Big Move

Key Market Relationships For Next Big Move

Image Source: UnsplashFirst off, we are heading out of town to New York where I will be visiting in studio several media channels and hosts.Then, we are off to Orlando for the Money Show.November 1st, Keith and I go on vacation until the middle of the month.This is the last Daily I will be writing for […]
Short-Term Positive Divergences For Gold

Short-Term Positive Divergences For Gold

Image Source: Pixabay Gold against the stock market and Gold against foreign currencies recently did not make a lower low while Gold did. That positive divergence preceded the recent rebound in Gold. In addition, Gold against foreign currencies has broken out to a new all-time high.Video Length: 00:06:58More By This Author:Gold To Pause At $2000 Resistance […]
10% Penalty Applied To Roth Conversion? Maybe

10% Penalty Applied To Roth Conversion? Maybe

Image source: PexelsIn general, when you withdraw funds from an IRA prior to age 59½, your withdrawal is subject to both income tax and the 10% early withdrawal penalty. The 10% penalty is waived if your withdrawal is for one of the exception categories, including first-time home purchase, certain medical expenses, and the like. For a […]
Meta & Amazon Earnings Loom: A Closer Look

Meta & Amazon Earnings Loom: A Closer Look

Image Source: PexelsMega-cap technology dominates the reporting docket this week, whose reports will capture the spotlight for some time. Investors will be closely tuned into the releases as the market looks to extend its 2023 rally into year-end.Positive results from the bunch would undoubtedly be bullish for the market, particularly if we hear uplifting commentary surrounding […]
Indecisive Bounce For Indices

Indecisive Bounce For Indices

Image Source: PexelsOnly weekly time frames are important at this stage as we track “Crash Watch”. It’s a tricky situation as the S&P and Nasdaq don’t look vulnerable, but the Russell 2000 ($IWM) is really struggling.Starting with the Nasdaq, we have a technical negative picture but it remains above 200-day MA support. This looks like an […]
S&P 500 Gains Ground, Snapping Losing Streak To Hang On Near $4,245 
                    
S&P 500 Technical Outlook

S&P 500 Gains Ground, Snapping Losing Streak To Hang On Near $4,245 S&P 500 Technical Outlook

Image Source: Unsplash S&P 500 index climbs back into the 200-day SMA after declining for four straight trading days. US equities broadly reversed recent declines following a data beat for US PMI figures. US Treasuries saw an uptick in volatility but settled lower, 10-year T-note settled at 4.819% after cracking 5%. The Standard & Poor’s 500 […]
China Kicks Fiscal Stimulus Into Overdrive With Deficit-Busting 1 Trillion Yuan In New Debt

China Kicks Fiscal Stimulus Into Overdrive With Deficit-Busting 1 Trillion Yuan In New Debt

In a fiscal year when the US just raked up a $2 trillion deficit… … despite GDP “growing” at a 5.4% pace, according to the Joe Biden Department of Goalseeking Data Higher Before It Is Revised Lower Next Month Atlanta Fed GDPNow tracker, China has decided that it has enough of pretending that fiscal modesty and austerity […]