Truth in Wealth Building

Listen to the Radio Show Now
Listen to the Radio Show Now

Economic data a mixed bag

The S&P 500 Index posted its most volatile week since early June. The index was up about 0.3% for the week, posting and average daily move of 0.7% over the period. The S&P 500 has closed within 2% of record highs for 12 consecutive trading days, the longest such streak since September 2017. (LPL) Economic…

Continue Reading

Wholesale used-vehicle prices climbed

Concerns about global trade and Turkey shouldn’t be dismissed as misplaced or paranoia. Though mostly currency driven, we have seen some signs of fundamental deterioration recently in the form of earnings estimate reductions for the MSCI EM Index. Specifically, over the past three months, EM estimates for the next 12 months have come down by…

Continue Reading

U.S. retail sales increased

U.S. retail sales increased 0.5% in July, posting sixth straight months of growth for the first time since 2014 and handily beating consensus estimates (0.1%). Excluding automobiles and gas, sales rose 0.6%. Consistent growth in retail sales reflects the health of the U.S. consumer, emboldened by fiscal stimulus implemented earlier this year. Control-group sales, which…

Continue Reading

Inching closer to new highs.

The S&P 500 Index posted its second highest close ever yesterday, less than 0.5% away from a new all-time high. The S&P 500 has now gone 133 trading days (over six months), without a new high. Since the bull market started in March 2009, this is now the second longest stretch without a new high…

Continue Reading

Excellent Q2 earnings

With 404 S&P 500 Index companies having reported second quarter 2018 earnings results, a solid 79% have exceeded earnings targets, delivering robust 23.5% year-over-year growth on a nearly 3% upside surprise. Revenue growth of 9.2% is a solid 1.1% above expectations. (LPL) S&P 500 on its hottest streak of the year. The S&P 500 capped…

Continue Reading

Bob’s Red Mill Natural Foods

The Labor Department says a record 155,965,000 people were employed in July, the 11th record-breaker since President Trump took office 19 months ago. The unemployment rates for adult men (3.4 percent) and Whites (3.4 percent) declined in July. The jobless rates for adult women (3.7 percent), teenagers (13.1 percent), and Blacks (6.6 percent) showed little…

Continue Reading

1 2 3 4 5 109