CEO optimism

It’s hard to believe, but we are officially in the month of September. Although this means football and cooler weather, it also means a historically poor month for stocks. Since 1950, September has been the worst month of the year for the S&P 500. The good news is when the S&P 500 starts September above…

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The good news?

We start a new month of trading this morning. Since 1950, the S&P 500 has been higher in April, May, June, July, and August only 5 times. 2018 was the 6th time. The good news? In the past instances the final 4 months have never been lower and the usually tricky September is actually quite…

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Happy Labor Day!

Good morning and happy Labor Day everyone! If you have the day off enjoy yourself and have fun – if you work today thank you for all your efforts in keeping our great US economy humming. Last week the US stock market as measured by the S&P 500 became the longest bull market in history….

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Second-biggest rally in August

It is the last trading day of the month of August. The S&P 500’s incredible summer rally continues, as U.S. stocks are on track to post their fifth straight monthly gain. The S&P 500 has also performed surprisingly strong this month, as its 3% gain is its second-biggest rally in August since 2000. (LPL) The…

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Tofurky

Same store sales at Dick’s Sporting Goods stores tumbled 4 percent during the latest quarter. Dick’s raised its profit outlook for the full year. Dick’s said online sales increased 12 percent during the quarter. (Reuters) The Mortgage Bankers Association said total home loan application volume decreased 1.7 percent last week. Tailored Brands said it expects…

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Record short position

The Conference Board’s consumer confidence index rose to 133.4 in August, its highest level since October 2000. Consumers expecting business conditions will get better over the next six months increased to 24.3 percent. In June, home prices nationally rose 6.2 percent year-over-year, according to the S&P CoreLogic Case-Shiller Indices. That is down from the 6.4…

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