Call toll-free 800.328.1267
Key Notes: Strong payroll growth combined with unexpected pressure in wages (average hourly earnings) could raise expectations for higher interest rates to come. This morning’s announcement of an 157,000 rise in nonfarm payrolls for July is at the low end of what...
The big question today is, because of the strength of the economy and the question of the Fed's independence, will there be any a decision for an immediate rate hike? Today’s direction indicators favor neither bulls nor bears. The Trump administration is considering...
Unexpected pressure in Tuesday's key inflation readings -- the core Personal Consumption Expenditure price index and the Employment Cost index – may have pressured for hawkish FOMC results on Wednesday. However, easing inflation pressure along with healthy consumer...
Click here to register for the webinar. S&P 500 overview: Hits resistance at January downgap Failed breakout → Risk of bearish phase. SPX bearish harami on Thursday, July 26. Remember we've been up 4 straight weeks. 2700 may be key level on SPX: Trendline, pivot,...
An exceptionally busy week begins with more earnings, global interest rate meetings and political news with economic repercussions. The only economic report of the day comes at 10 a.m. ET, when the National Association of Realtors issues its June report on pending...
Report Notes: GDP may have been soft in Q1, but today’s report shows a big second quarter. Consumer spending drove GDP higher in the second quarter, to a 4.1 percent annualized. At 10 a.m. ET, the University of Michigan will issue its final July consumer sentiment...
Government Report Notables: Key pieces for tomorrow's GDP report will be released today: capital goods shipments in the durable goods report, cross-border goods trade as well as wholesale and retail inventories. Jobless claims remain very low in confirmation that...
Don’s Notebook July 25, 2018 Today’s direction indicators are largely impartial. Housing data have been mostly flat to weak. New home sales, however, have been the backbone for what is otherwise a mixed housing sector. HUD will release its June report on New Home...
Futures were higher this morning ahead of the busiest week of earnings season. The Dow has a three-day losing streak, but the S&P 500 is coming off its first gain in three days and the Nasdaq saw its first gain in four sessions Monday. Government Report Notes:...