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S&P 500 Snapshot: Another Weekly Gain

S&P 500 Snapshot: Another Weekly Gain

The S&P 500 rose and fell this week, ending up 0.93% from last Friday and closed the day a mere 0.01% from Thursday. The index is up 7.63% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 2.86%. Here is a daily chart of the S&P 500. Today’s selling puts the […]
Will Trend Exhaustion Take Down The Bulls?

Will Trend Exhaustion Take Down The Bulls?

Core PCE Inflation Increases To 2%

Core PCE Inflation Increases To 2%

Core PCE Inflation – Personal Income Meets Estimates The July Personal Income and Outlays report was released on Thursday. This is the most important report I follow because it tells us about income growth, inflation, and consumer spending. The Fed follows core PCE inflation the closest which means if it accelerates, the Fed will need […]
This Week In Cryptocurrency: Friday, August 31

This Week In Cryptocurrency: Friday, August 31

Solid as a Rock We had a relatively good week in the market, all things considered. The entire market was in the green over the week-long period, growing by about 7%. It looks like we may finally be at the end of the bear market. But, we’ll have to see a few more weeks like this before […]
August 2018 Chicago Purchasing Managers Barometer Eases

August 2018 Chicago Purchasing Managers Barometer Eases

The Chicago Business Barometer declined but remains firmly in positive territory. Analyst Opinion of Chicago PMI The results of this survey continue to correlate to district Federal Reserve manufacturing surveys – and generally aligns with the overall trend of the ISM manufacturing survey. Expectations this month from Nasdaq / Econoday were 61.0 to 65.0 (consensus […]
ECB At A (Familiar) Crossroads

ECB At A (Familiar) Crossroads

If Brazilian central bankers are the standard for illicit shamelessness, their European counterparts are at least on the same spectrum. At the end of April, the European Central Bank’s President Mario Draghi took his shot at purposeful mischaracterization. Speaking to the press after the ECB’s Governing Council meeting had concluded, Draghi had been forced to concede there […]
Momentum ETFs Soar To New Highs

Momentum ETFs Soar To New Highs

Investors love hottest stocks and continue to pour money into them. While the popular finance theory “random walk” suggests that the past movement of the price of a stock cannot be used to predict its future movement, history shows that recent past performance can be a pretty good predictor of short-term future performance.  Momentum effect, […]
Stocks And Precious Metals Charts – Three Day Holiday Weekend – Non-Farm Payrolls Next Week

Stocks And Precious Metals Charts – Three Day Holiday Weekend – Non-Farm Payrolls Next Week

“A great deal of intelligence can be invested in ignorance when the need for illusion is deep”. Saul Bellow “State propaganda, when supported by the educated classes and when no deviation is permitted from it, can have a big effect. It was a lesson learned by Hitler and many others, and it has been pursued […]
Watch For A Peak In Consumer Sentiment

Watch For A Peak In Consumer Sentiment

Utilizing sentiment measures in one’s analysis is not an exact science. On the other hand, at their extremes, these sentiment measures do provide signals of a potential near-term change in market and economic direction. A number of ‘investor sentiment’ measures are available to evaluate, but I am highlighting only two below, the NAAIM Exposure Index and the American […]
Hot Options Report For End Of Day – Friday, August 31

Hot Options Report For End Of Day – Friday, August 31

Data Courtesy of Trade Alert