Category Archive: Finance, No picture
Q2 GDP Growth Comes In At 4.2%
Q2 GDP Growth – Revised Higher Q2 GDP Growth – Even though Q2 is long gone, we need to review the Q2 GDP revision because the data is now much more accurate. If you only look at the advanced reports, you’ll be missing out on what actually happened. I expected GDP growth to be revised […]
Let’s Stop With The Lack Of Participation Argument…
There’s not a day that goes by when I don’t hear someone talking about how this market is being led, or held up, by only a handful of stocks. Normally I wouldn’t care, but the inference is usually followed by some sort of doomsday prediction. We all know that bear markets are a natural part […]
The Dollar, Commodities & Inflation
We appear to be at a turning point not only for the dollar, but for all commodity markets, including precious metals, as well. The dollar has yet to reflect properly the enormous monetary expansion of recent years, and commodities will be corralled into supplying China’s Asian reformation. Taken together, the effect of a falling dollar […]
The Big Four Economic Indicators: Real Personal Income In July – Thursday, August 30
Note: This commentary has been updated to include this morning’s release of the July data for Real Personal Income Less Transfer Receipts. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they […]
Argentina Peso Plunges To Record Low After Asking IMF For $50 Billion
The interest rate in Argentina jumped to 60% and the Peso to a Record Low after the country called on the IMF for funds. Argentina’s President Mauricio Macri asked the IMF to speed up $50 billion bailout, spooking investors. The Peso Fell to a Record Low. Argentina hiked its interest rate to 45% earlier this month […]
7 Low Price-To-Sales Stocks With Favorable Growth Dynamics
A stock’s price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by the company. If the price-to-sales ratio is 1, it means that investors are paying $1 for every $1 of revenues generated by the company. So, it goes without saying that a stock with a price-to-sales below 1 is […]
Alternatives To Money Markets
Robert Powell, editor of Retirement Daily, responds to one of his readers, who asks him for suggestions for safe and liquid options for earning more than the 1.5% money market rate for their cash savings. —– The safest and most liquid include money market funds and certificates of deposit. For his part, Chris Grande, a principal […]
5 Tech ETFs Leading The Surge This Week
Wall Street has regained momentum this week. The S&P 500 and Nasdaq surged to record highs for the fourth consecutive day driven by the surge in the information technology sector, which is most vulnerable to trade wars. This is especially true as optimism over trade negotiations and solid rebound in broad-based technology and Internet stocks […]
Weekly Unemployment Claims: Up 3K – Thursday, August 30
Here is the opening statement from the Department of Labor: In the week ending August 25, the advance figure for seasonally adjusted initial claims was 213,000, an increase of 3,000 from the previous week’s unrevised level of 210,000. The 4-week moving average was 212,250, a decrease of 1,500 from the previous week’s unrevised average of […]
Real Income And Spending Rise 0.2 Percent In July: Prices Rise 0.1 Percent
Income and spending was in line with expectations in July. Revisions were mostly lower. The BEA’s Personal Income and Outlays report shows personal income increased $54.8 billion (0.3 percent) in July. Disposable personal income (DPI) increased $52.5 billion (0.3 percent) and personal consumption expenditures (PCE) increased $49.3 billion (0.4 percent). Real DPI increased 0.2 percent […]
