Truth in Wealth Building

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An all-time high of $1.257 trillion

The Institute for Supply Management’s manufacturing index climbed to 59.7 in December. That marks the 103rd consecutive month of growth for the manufacturing sector. The Commerce Department said U.S. construction spending increased by 0.8% in November, to an all-time high of $1.257 trillion. The Mortgage Bankers Association says applications to refinance fell 7% but were…

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A record-breaking start to the year

Now that the first trading day of the new year is in the books, what does the first day really matter? Of course one day doesn’t make a full year, but it is quite interesting how much the first day of a new year can signal things to come. Over the past 20 years, the…

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Could this be the death rattles?

Happy New Year! Could this be the death rattles? According to The Wall Street Journal Sears has not run a paid national television commercial since late November. That compares to $8.4 million it spent a year earlier for the Sears brand and $6.5 million for Kmart. Nordstrom stock was upgraded to “neutral” from “underweight” at…

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Santa Claus Rally

The Dow, S&P 500, and Nasdaq closed higher on Thursday for the first time in three days. The Dow is up 25% this year, the S&P is up 20% and the Nasdaq is up 29%. (CNBC) Today kicks off the well-known Santa Claus Rally, which refers to a rise in stock prices during the last…

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Big surge in yields

Big surge in yields. News out of Europe, along with tax reform in the United States, has caused global yields to move higher. The 10-year Treasury yield jumped from 2.39% on Tuesday to 2.49% today, its highest level since late October. (LPL) According to the National Association of Realtors existing-home sales surged for the third…

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What does 20% really mean?

The Commerce Department says single-family homebuilding climbed 5.3% to highest level since September 2007. Single-family home permits rose 1.4%. What does 20% really mean? The S&P 500 is officially up 20% for the year. Although you might think a big gain one year might mean weakness the next, that isn’t usually the case. In fact,…

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