Category Archive: Finance, No picture
What Argentina Tells Us About America’s Future
MOLINOS, ARGENTINA – “Never interrupt an enemy when he is making a mistake,” said Napoleon. In the 1970s, two of America’s biggest rivals were making big mistakes. Russia had been operating a centrally planned economy since the 1920s. China took up central planning after World War II. Communist central planning was a curse to those […]
Weekly Unemployment Claims: Up 12K, Worse Than Forecast
Here is the opening statement from the Department of Labor: In the week ending September 22, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 201,000 to 202,000. The 4-week moving average was 206,250, […]
Looking Back, Looking Ahead
In this year’s first column I said that GDP would grow 3 percent or more in 2018. Few agreed, but now it’s a sure thing. Because of economic strength, I predicted that the Fed would raise interest rates and raise them again, frustrating President Trump along the way. They did. Expect more tweets. I also […]
Will Britain Ever Manage To Leave “Hotel California”?
Last thing I remember, I was Running for the door I had to find the passage back to the place where I was before “Relax” said the night man, “We are programmed to receive. You can check out any time you like, But you can never leave!”[i] The Eagles lyric from the 1970s is nearly […]
September Regional Fed Manufacturing Overview
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]
Q2 GDP Third Estimate: Real GDP At 4.2%
The Third Estimate for Q2 GDP, to one decimal, came in at 4.2% (4.16% to two decimal places), an increase from 2.2% for the Q1 Third Estimate. Investing.com had a consensus of 4.2%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an […]
ETFs To Add After SurveyMonkey Blockbuster IPO
A leading global survey software company — SurveyMonkey — made its debut on Nasdaq under the ticker symbol “SVMK” on Sep 26. The IPO was strongly greeted by investors as its shares soared as much as 67% during the first day of trading and were up 43% at the close. SurveyMonkey has raised nearly $180 […]
The Important Trends Post Fed Rate Hike
Today we are seeing a lot of what we were expecting. Gold and Treasuries are down and the USD up. Also US markets up… but the markets don’t care what is said anyway. Chris Temple joins me to discuss all of the above with a particular focus on metals. (Audio length 00:13:00)
USD/JPY Price Outlook: Yen Decision Time As Rally Tests Yearly Highs
The Japanese Yen has continued to trade within the confines of an ascending pitchfork formation extending off the yearly lows with price now approaching resistance just ahead of the median-line/yearly highs. Here are the updated targets and invalidation levels that matter on the USD/JPY charts heading into the start close of September trade. Review this week’s Strategy Webinar for an in-depth breakdown […]
5 Top Apparel Stocks To Buy Before The Holidays Start
Retailers are set to hire a record number of workers for the upcoming holiday season. Moreover, with strong consumer confidence, higher wages, and record low unemployment, an increasing number of Americans are willing to spend more. Additionally, U.S. apparel retailers saw growth in same-store sales in August and are expected to maintain the momentum in […]
