Consumer Confidence Improved In July
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through July 14. The headline number of 121.1 was an increase from the final reading of 117.3 for June, a downward revision from 118.9. Today’s number was above the Investing.com consensus of 116.5. Here is an excerpt from the Conference Board press release. […]
Case-Shiller Home Prices Disappoint But Hit New Record High
Great news ‘Murica – your house has never been worth more than it was in May (according to Case-Shiller’s national home price index). On the slightly less silver-lining side of the equation, April’s 0.28% gain in price was revised to 0.18% MoM drop and May’s point disappointed at just 0.1% rise MoM. The 20-city property values index increased […]
The Pullback That Never Was
3 days of selling of less than one point per day That is what SPX has averaged over the course of the last three days when it finished lower each day – less than one measily point. For the bears that has to be infuriating. I don’t blame them – I would be too, if I […]
Top 5 Things Happening In The Market Today
Top 5 Things to Know Before You Start Trading This Tuesday the market sees a higher JPY while the USD still struggles. Oil and gold are higher. 1 – USD Still Struggling The US dollar (USD) decline slowed yesterday but the overall picture for the US currency didn’t improve. Today’s eco data will probably only be of […]
Pound, Euro Suddenly Surge, Trump Tweets ‘Very Big, Exciting’ Trade Deal With UK
After regaining its footing while bumping around at a 14-month low on Monday, the broad dollar is sliding hard despite rising Treasury yields as the pound and the euro soar. In fact, the dollar is now lower versus all of its G-10 peers except for the yen, which is trading as usual off Treasury yields. […]
Doc Copper: Breakout Of 6-Year Resistance In Play
Below looks at Copper Futures on a monthly basis, since the late 1980’s. A good deal of the past 30-years, Doc Copper has remained inside of rising channel (1), reflecting that the long-term trend is up. The top of this channel was hit back in 2011 and since then, Doc Copper has created a series of lower […]
Stirring The Sentiment Tea Leaves Redux
Despite the Volatility Index (VIX) currently operating at the low end of historical ranges (9.36), the equity markets operate on a perpetual volatility rollercoaster. This period of relative calm has not stopped participants from searching for the Holy Grail of indicators in hopes of determining whether the next large move in the markets is upwards […]
FHFA House Price Index: Real Index Level Last Seen In August 2007
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for May. Here is the opening of the report: Washington, DC – U.S. house prices rose in May, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.7 […]
Okta Delivers A Strong Quarter And A Strong IPO
According to Stratistics MRC, the Global Identity & Access Management market is estimated to grow 15% annually from $7.94 billion in 2016 to $20.87 billion by 2022. Earlier this year, Identity and Access Management services provider Okta (Nasdaq:OKTA) went public. The listing of the San Francisco-based company appears to be doing well so far. Okta’s Financials […]
Another Turmoil In Trump Administration And Gold
On Friday, Trump’s press secretary Sean Spicer resigned. What does it mean for the gold market? You can say a lot about Trump’s administration, but one thing is certain: it does not run too smoothly – on the contrary, it sees a high rate of staff turnover. As a reminder, as early as in February, […]
