The tax proposal has been released

Digging in a little deeper into Fridays big job report, October saw a 261,000 increase in nonfarm payrolls. September’s initially reported loss of 33,000 jobs was adjusted to an 18,000 gain. The unemployment rate ticked down to 4.1% from 4.2%. But the major driver of the move lower was a decrease in the labor participation…

Continue Reading

US economy added 261,000 new jobs

The Department of Labor says the US economy added 261,000 new jobs in October rebounding from the hurricanes. The private sector accounted for 252,000 of the increase. The unemployment rate stands at 4.1%. Bank of England raised interest rates for the first time in a decade yesterday to 0.5% from 0.25%. (Bloomberg) The Labor Department…

Continue Reading

Longest streak using data back to the 1930s

We’ve noted many times how the action so far this year is like nothing we’ve seen for decades, as it is a bull market amid historically low volatility. Well, here’s another way to show that. The Dow has officially gone 52 consecutive trading days without a 1% intraday move–the longest such streak using data back…

Continue Reading

Now that’s a win streak

Now that’s a win streak. With the S&P 500 Index closing higher in October it is the longest monthly total return win streak ever going back to 1950. The S&P 500 has been higher an incredible 12 consecutive months on a total return basis, topping the streaks of 11 months in 1954 and 1959. The…

Continue Reading

Consumer spending jumped

The Commerce Department says consumer spending jumped 1.0%, its biggest increase in more than eight years. Consumer spending, which accounts for more than two-thirds of U.S. economic activity. Consumer spending in September was lifted by motor vehicles, as hurricane victims replaced destroyed automobiles. The Federal Reserve’s inflation measure, the personal consumption expenditures (PCE) price index,…

Continue Reading

It is merger Monday

U.S. stocks are slightly lower as we await the latest batch of corporate earnings and economic data. Earnings season continues in full swing, with a number of major brands gearing up to publish their latest financial figures. Mondel─ôz International, AvalonBay, Texas Roadhouse and Dominion are some of the names set to issue their latest earnings…

Continue Reading

1 2 3 4 5 74