I saw a flicker of hope for home builders in the May Housing Market Review. Traders decided to snuff that flicker out very quickly afterward. When I wrote June’s housing market review and described a “struggling flicker,” the iShares US Home Construction ETF
September 3, 2018
[This post originally ran on Labor Day, 2011.] It’s clear that the first Labor Day celebration was held on Tuesday, September 5, 1882, and organized by the Central Labor Union, an early trade union organization operating in the greater New
September is traditionally a rocky time for the markets. “I’m skeptical that the S&P can continue this uninterrupted, and I do expect we’ll see at least a 4 to 5 percent correction, at least sometime in the month of September
In recent weeks, global financial markets have been increasingly spooked by an intensifying crisis in emerging market currencies including those of Turkey and Argentina. Add to this the ongoing currency crisis in Venezuela and the currency problems of Iran. While
Casey’s General Stores, Inc. (CASY – Free Report) is expected to report first-quarter fiscal 2019 results on Sep 4. In the trailing four quarters, this operator of convenience stores has underperformed the Zacks Consensus Estimate by an average of 12.7%. In the last
The SPX continues to defy bearish prognosticators and not only broke above the January high, but did so in record time. Since 1971 it has taken the index anywhere from 9 to 91 months to accomplish this task. This has
This week we follow up on the performance of the social media stocks relative to the Nasdaq. In short the names, I review in today’s video continue to lag and I believe that the wounds are self-inflicted.
Tesla did not come close to its stated goal of 6,000 Model 3s per week in August. Actual production 4,300. Despite missing the goal in August by 28%, Electrek, Tesla’s preferred analytical website says Tesla misses Model 3 production goal of
Something has been happening in the global economy this year – and I say *this year* for good reason. Both the developed and emerging market composite manufacturing PMIs peaked in December last year, and have both seen an almost consistent
As for the markets, there obviously isn’t a heck of a lot to say on a holiday, but there was some Globex trading to watch. I am fixated on bonds, as is always the case, and there’s an important prospective
