Written by Jill Mislinski Here is the opening statement from the Department of Labor: In the week ending March 19, the advance figure for seasonally adjusted initial claims was 265,000, an increase of 6,000 from the previous week’s revised level. The previous week’s level was revised down by 6,000 from 265,000 to 259,000. The 4-week moving…
When you’ve had the rally that the market has had the past five weeks, you start to become guarded when it comes to risking too much of your capital on gains that will be difficult and hard fought going forward. But then day-after day, the bulls keep rallying the market off of the lows of…
This morning’s Durables Goods report underscored just how moribund economic growth in the US remains. Additionally we learn that US business investment remains lackluster at best. While Central Banks are spiking the punch bowl, it appears the party goers are not imbibing. Look at the yield curve as reflected by the spread between the Ten…
UBS initiated coverage of Wells Fargo (WFC) with a Sell rating today, warning that the bank is facing significant risks that aren’t reflected in its valuation. WHAT’S NEW: Weak risk appetite among retail investors, along with lackluster macro trends, creates risks for Wells Fargo’s Wealth and Investment Management unit, according to UBS analyst Brennan Hawken….
My grandfather was never rich. He did have some money in the 1920s, but he lost most of it at the tail end of the decade. Some of it disappeared in the stock market crash in October of 1929. The rest of his deposits fell victim to the collapse of New York’s Bank of the…
“Housing in Vancouver is insane — it was insane when I left and it’s more insane now.” That’s from 33-year-old Kevin Oke, co-founder of LlamaZoo Interactive who left Vancouver for Victoria two years ago because he couldn’t afford to buy a home in his native city even while earning a generous salary as a lead designer at…
On March 21, Atlanta Fed president Dennis Lockhart had “Kaleidoscopic” visions of rate hikes as soon as April. In his speech to the Rotary Club of Savannah, Lockhart cited “sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled for…
Video Length: 00:06:00 We discuss the situation of Restoration Hardware (RH – Snapshot Report). It launched two new brands in the fourth quarter of 2015, RH Modern and RH Teen. Both had their own source catalogs and web sites. It was a huge undertaking which apparently didn’t go according to plan as orders overwhelmed inventories, especially in…
In response to a recent article I wrote on the Gold Trust ETF (GLD) some readers have asked my thoughts on gold miners. While my last article was more of a bullish thesis on gold from a fundamental perspective and offered a simple strategy of playing gold by buying GLD, this article on the Market…
Over the past week my core market health indicators bounced around, but were mostly down. None of them moved enough to change any portfolio allocations. Enjoy the holiday weekend everyone!
