This bull could use some help
The Russell 2000 index of small cap stocks is down another 0.41% and 4.5 points as of noon today in New York putting the index on the verge of a 10% retreat from its all-time closing high on March 4
The Russell 2000 index of small cap stocks is down another 0.41% and 4.5 points as of noon today in New York putting the index on the verge of a 10% retreat from its all-time closing high on March 4
The fact that consumer incomes continue to rise will drive growth in consumer spending despite a drop in confidence that is seems like a reaction to the current very scary global picture
Today’s drop has wiped out all of yesterday’s recovery that put an end to a streak of three down days. The speed of the reversal has unsettled the markets. And so has the absence of a clear catalyst for the drop
Disappointing numbers from the industrial sector in both China and the United States today. But there’s a big difference between the two data sets.
Retail sales in August climbed by 0.6% in August, the Commerce Department reported this morning. The department also revised July data to show a 0.3% increase, up from an initial 0%. The August rate is the fastest pace in four months.
Think of it as a reminder that the Federal Reserve isn’t going to rush to start raising interest rates in 2015. Today the Labor Department reported that the U.S. economy had added just 142,000 jobs in August
I think you’d be wise to hold onto your hats (or pants or knickers or whatever) come Tuesday and the end of the Labor Day holiday in the United States. Not only will everyone on Wall Street be back to work but also the news flow looks extremely heavy.
Second thoughts on the startling second quarter 4% growth in U.S. GDP got overshadowed at the end of last week on news from Argentina and Portugal. But economists and Wall Street analysts have started to cut that 4% growth rate down to trend.