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Monthly non-farm payrolls are usually a big deal for the market, but that may not be the case tomorrow. After all, the big story now is the possibility of rate cuts by the Federal Reserve. Officials from the U.S. central bank have grown increasingly dovish, including...
Stocks just had their second-biggest rally of the year, partially because of the Federal Reserve. It's worth recapping what happened. The story actually began on Monday, when James Bullard of the St. Louis Fed said a rate cut "may be warranted soon." Then yesterday,...
Gross domestic product (GDP) is due tomorrow. It's a good time to examine just how weird the economic situation has gotten. Things look increasingly negative from one perspective, but surprisingly positive from another vantage point. It's confounding experts, but may...
Construction, left for dead after the subprime crash, may be reclaiming its importance for the U.S. economy. Today's private-sector payrolls report from ADP showed the industry adding 49,000 jobs in April. That translated into a 0.66 percent increase overall -- triple...
The U.S. economy keeps silencing the naysayers. This podcast breaks down what’s happening and says what it could mean for financials, small caps and the U.S. dollar.
The greenback surged yesterday as America's growth prospects kept outshining the rest of the world. Futures on the U.S. dollar index (@DX) ended Wednesday's session at 97.86, their highest close in more than two years. Two broad forces seem to be at work. One's a push...
Economists have worried about the economy slowing, but railroads are telling a different story. The Dow Jones US Railroads Index ($DJUSRR) rose more than 2 percent today to a new all-time high. They've helped the broader transportation index ($DJT) and industrial...
It's hard being a stock bear now because worst-case scenarios are simply not panning out. Take the economy. It was supposed to slow down because of trade wars and the fading "sugar high" from President Trump's tax cuts. On Wednesday, that had Federal Reserve...
The market's embracing a "weak dollar" sentiment, looking for more easy money from Jerome Powell's Federal Reserve tomorrow. Copper (@HG), crude oil (@CL), silver (@SI) and gold (@GC) rallied earlier this morning before giving up some gains. Exchange-traded funds...