Category Archive: Finance, No picture
Incredibly Simple Economics
There are more than 300 Ph.D. Economists working on staff for the Federal Reserve. The central bank tells us that they “represent an exceptionally diverse range of interests and specific areas of expertise”. Perhaps, but they are all Ph.D. Economists, aren’t they? These highly educated people cover a broad range of topics, for sure, and […]
Weekly Leading Index Update – RecessionAlert
The latest index reading came in at 19.6, up from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that WLEI […]
4 Stocks To Buy As Consumer Confidence Hits 18-Year High
U.S. consumer confidence index for the month of September jumped to an 18-year high of 138.4 from 134.7 in August. Increasing for three months in a row, the index came well above the consensus estimate of 132.7 and hovered close to the all-time high of 144.7 recorded in May 2000. Present Situation and Expectation Indices […]
Barron’s Says The 200 Day Moving Average Is Dead
Mark Hulbert had a piece for Barron’s that says the 200-day moving average (DMA) is no longer a useful market timing tool noting that there have been many false positives. Here’s the chart he used to show examples. I have no pushback on this point, the indicator is prone to false positives. I have framed how to […]
S&P 500 Snapshot: No Change From Thursday, Up 8% YTD
The S&P 500 oscillated around a central area this week, ending with no change from yesterday and down 0.54% from last week. The index is up 8.09% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 3.05%. Here is a daily chart of the S&P 500. Today’s selling puts the volume […]
Chinese Tariffs Unlikely To Hurt US Energy: 4 Top Picks
The U.S. energy sector has been burgeoning lately. With rising oil prices and consistent efforts by the government to keep production high, gains for the space have been abundant. Experts are of the view that China’s tariffs on its natural gas imports from America will end up harming the world’s second largest economy more. Moreover, […]
J.C. Penney Drops As CFO Resigns Following Departure Of CEO, CCO
Shares of J.C. Penney (JCP) plunged in morning trading after the retailer’s Chief Financial Officer announced he is resigning after less than two years. The resignation follows the departures of the company’s former CEO and Chief Customer Officer earlier this year. On Thursday after the market close, J.C. Penney said CFO Jeffrey Davis is resigning […]
