Category Archive: Finance, No picture
World Markets Update – Monday, Oct. 1
Four of eight indexes on our world watch list have posted gains through Monday, October 1, 2018. The top performer this year is our own S&P 500 with a gain of 9.39%. In second is India’s BSE SENSEX with a gain of 8.02%. In third is Tokyo’s Nikkei 225 with a gain of 6.50%. Coming […]
E A First Look At The US-Mexico-Canada Agreement On Trade
From Canada’s perspective, the new US-Mexico-Canada Agreement (USMCA) to replace NAFTA is somewhat akin to the medical oath in which doctors promise —–above all else “do no harm”. On balance, Canada comes away with its core principles intact with some adjustments that do no real damage to the Canadian economic structure. Considering the threats issued […]
Real Disposable Income Per Capita In August
With the release of Friday’s report on August Personal Incomes and Outlays, we can now take a closer look at “Real” Disposable Personal Income Per Capita. At two decimal places, the nominal 0.26% month-over-month change in disposable income was trimmed to 0.15% when we adjust for inflation. This is down up from the 0.26% and 0.09% […]
Rolling Over
Here they come. After spending more than a year talking about nothing but good things ahead for the global economy, Economists are beginning to sound worried. In 2017, there wasn’t anything that could stand in the way of synchronized growth. In 2018, there’s no longer any synchronized growth, so now we can talk about what […]
The Best And Worst Performing Assets In September, Q3 And YTD
After a turbulent summer, September was largely a calm affair for markets according to Deutsche Bank’s Jim Reid. Indeed volatility measures for most assets continued to remain subdued and concerns around the EM issues which haunted markets in August abated. Italy was always going to be the big risk however and it wasn’t until the […]
Goldman Traced The History Of S&P Divergences – Here’s What They Found…
Well, the “convergence/divergence” market debate has officially gone mainstream. On Monday, the Wall Street Journal ran a piece called “U.S. Stocks Widen Lead Over Rest of the World“, which essentially rehashes the whole “divergence” story for anyone who is inexplicably inclined to waiting around on WSJ to pick up on last month’s market narrative. The […]
Construction Spending Weakness: Private Spending Down 0.5%, Government Up 2.0%
A surge in gov’t spending kept construction spending in the green by 0.1%. Private spending is down and trending lower. Construction spending reports are volatile and heavily revised, but given the weakness in most housing reports, the Monthly Construction Report for August rings true. Total Construction Construction spending during August 2018 was estimated at a seasonally adjusted […]
Top & Flop Zones Of Q3 & Their ETFs
The global stock market was kind to investors in the third quarter despite the escalation in U.S.-China tariff trade, emerging market meltdown especially Turkey and Argentina, tech sell-off and geopolitical tension. The MSCI All Countries World Index rose more than 4% buoyed by encouraging performance of the American market, which is showing strong complacency and extending its […]
US Fixed Income Calendar: The Week Ahead
By Steven Levine Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the week beginning October 1.
A Perspective On Secular Bull And Bear Markets – Monday, Oct. 1
Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, nine plus years later, the S&P 500 has set a series of inflation-adjusted record highs based on monthly averages of daily closes. Let’s examine the past to broaden our understanding of the range […]
