Home / Tag Archives: financial news

Tag Archives: financial news

Schedule for Week of June 11, 2017

The key economic reports this week are May Housing Starts, Retail Sales and the Consumer Price Index (CPI).For manufacturing, May industrial production, and the June New York, and Philly Fed manufacturing surveys, will be released this week.The FOMC meets this week and is expected to announce a 25bps increase in the Fed Funds rate.----- Monday, June 12th -----No major economic releases scheduled.----- Tuesday, June 13th -----6:00 AM ET: NFIB Small Business Optimism Index for ...

Read More »

Financials Lead Market Through Action-Packed Week

Barely a week removed from a slide caused by trading concerns at the two biggest U.S. banks, financials are back leading the market’s rally. For the week, the S&P 500 financial sector is up 3.4%, more than twice as much as the next best-performing sector. Banks are leading the way, with every S&P 500 bank up more than 3% for the week and at least 1.5% Friday as investors appear encouraged by the Financial Choice Act ...

Read More »

Brexit & Beyond: U.K. Voters’ Blow to May, Young Voters Turn Up, EU Won’t Change Two-Year Deadline

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Britain’s Prime Minister Theresa May arrives for a statement outside No. 10 Downing Street after meeting the Queen in Buckingham Palace in London, Britain, 09 June 2017.  Will Oliver/European ...

Read More »

Mortgage Equity Withdrawal slightly negative in Q1

Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008.The following data is calculated from the Fed's Flow of Funds data (released today) and the BEA supplement data on single family structure investment. This is an aggregate number, and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, ...

Read More »

Twelve Stocks in Strong Rising Trend Channel Scan June 9

Sometimes the simplest stock scans are the best. As the stock market powers through to all-time highs, let’s highlight twelve uptrending stocks in strong channels, courtesy FinViz Screener: This is just a quick, no-frills scan to identify S&P 500 stocks in strong uptrend channels. We like to buy on pullbacks in rising trends, expecting that “stocks which are strong tend to get stronger.” As always, scans are just a departure ...

Read More »

What are Other Markets Doing while Stocks Break to New Highs June 9

Equities continued their non-stop march to new all-time highs. If you’re just watching equities (stocks) right now, you may be curious what other markets are doing right now. I’m so glad you asked! Our “Quad-Market Grid” shows the following activity on the hourly chart: BULLISH Money Flow into Equities and Gold (except the last two days in Gold) BEARISH Money Flow in Crude Oil and the US Dollar. While these trends have been...

Read More »

Goldman: "Prices and Risks in Commercial Real Estate"

A few excerpts from a research note by Goldman Sachs economists Spencer Hill and Daan Struyven: Seven Years of Feast: Prices and Risks in Commercial Real Estate Commercial real estate prices have increased 76% in real terms over the last seven years and are now above pre-crisis levels. At the same time, elevated supply growth, demand risks, and rapid credit growth in some subsectors ...

Read More »

AAR: Rail Traffic increased in May

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. May 2017 was a good month for U.S. rail traffic. Total originated carloads were up 8.4% (99,290) over May 2017 thanks to big increases for coal (up 19.6% in May), grain (up 24.5%), and crushed stone, gravel, and sand (up 15.3%, thanks to frac sand). ... [Intermodal]: It was the second...

Read More »

Leading Index for Commercial Real Estate Increases in May

Note: This index is possibly a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing. From Dodge Data Analytics: Dodge Momentum Index Resumes Growth in MayFollowing a dip in April, the Dodge Momentum Index advanced 4.0% in May to 139.1 (2000=100) from its revised April reading of 133.7. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown...

Read More »
error: Content is protected !!