Category: Economy
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Is The Sun Setting On America?
Is the sun setting on America? After last week’s bruising. The major averages roared back this week finishing with solid gains. Led by the DOW up 1,550 points or 3.7%, the S&P 500 gained 170 points or 2.92% while the NASDAQ increased 478 points or 2.5%.
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Irrational Exuberance and the Equity Risk Premium
With the irrational exuberance of the post-election market euphoria wearing off. The major averages recorded a rough first full week to start the year. The DOW lost 763 points or 1.79%, the NASDAQ fell 434 points or 2.22% while the S&P 500 gave up 112 points or 1.89%.
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Political Infighting, Can’t We All Just Get Along?
Markets spooked by the political infighting went sharply lower as the week progressed. Finishing with notable losses.
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Inflation Next Year
With incoming president Trump’s inauguration drawing closer the rhetoric surrounding the use of trade tariffs is heating up. A lot of discussion has focused on their inflationary impact. With some pundits predicting a nearly 1% increase in inflation next year. As with most things in this world the devil is in the details. With the…
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A Strong November
I hope everyone had a great Thanksgiving with their friends and family. A strong November was followed by a mixed week to begin the final month of the year. The major averages saw the S&P 500 gain 58 points or .96%, the NASDAQ advanced 642 points or 3.34% while the DOW lost 268 points or…
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Recession, what recession?
With all the screaming and shouting continuing in the post-election period. I can hardly hear myself think, let alone pay close attention to the voices in my head. Which brings me to this week significant economic and market data. Recession, what recession? It’s the Economy Stupid! With 4th quarter GDP tacking +2.6% per the latest…
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The Market Giveth
The market taketh away. For the week the Dow lost 544 points or 1.24%, the NASDAQ fell 607 points or 3.15% while the S&P 500 lost 125 points or 2.08%. In the post-election period, the market giveth to cryptos with Bitcoin posting solid gains. The market taketh away from gold as it is considerably off…
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A Huge Week
A huge week for the Republicans and a huge week for the markets. The Republicans shocked many after the election gave them not only the presidency. But also control of the House and Senate.
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Black October for the Major Averages?
Despite finishing October on a rough note. The major averages wrapped up a usually difficult month mixed.
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3rd Quarter Earnings Review
37% of the S&P 500 companies have reported 3rd quarter earnings, 75% have beaten earnings estimates to date. The 5.7% average beat rate, however, is lackluster by historical standards. In contrast, this represents the 5th consecutive quarter of rising earnings. At the sector level meanwhile, IT, Communications and Health Care are reporting the strongest 3rd…