Economy Today’s Economic Calender 8:30 Gallup US ECI 8:55 Redbook Chain Store Sales 10:00 Factory Orders Oil futures have regained some strength, as investors returned to the market to seek cheap valuations after prices plunged in the previous session. Weighed … Continue reading
Economy Today’s economic calendar: Auto sales 8:30 Personal Income and Outlays 8:30 Gallup US Consumer Spending Measure 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending Trading In Friday’s DTS Report we stated: “S&P 500 capped this Cycle’s … Continue reading
Economy Today’s economic calendar: 8:30 Employment Cost Index 9:45 Chicago PMI 10:00 Reuters/U-of-M Consumer Sentiment Trading S&P 500 capped this Cycle’s Rally in fitting style by achieving the Average Cycle Rally Target (2106.75) outlined in prior Daily Trade Strategy Report … Continue reading
Economy U.S. economic growth likely rebounded in the second quarter as healthy consumer spending and residential investment offset the drag from trade and the energy sector. Experts estimate that after a contraction in the first three months of the year, … Continue reading
Economy All eyes on Wall Street will be on the Federal Reserve’s policy statement today, as investors comb through clues to determine when a rate liftoff will begin and how aggressive the tightening cycle will be. Although the announcement is … Continue reading
Economy The Federal Reserve begins a two-day policy meeting later in the day, as officials from the central bank continue their long, slow march toward raising interest rates. Investors are not expecting any major decisions this week, but they will … Continue reading
Economy Chinese stocks fell sharply today, leading the Shanghai Composite to record its largest one-day drop since June 2007, while bringing down European shares and U.S. futures. Weak manufacturing data revealed that profit at the country’s industrial firms dropped 0.3% … Continue reading
Global Markets Gold continued its slide on Friday, on course for its biggest weekly loss in nine months, as a breach of key support levels pushed more sellers to cut their exposure. Spot gold fell as much as 1.2% to … Continue reading
Economy Greek Prime Minister Alexis Tsipras seems to have contained a rebellion in his left-wing Syriza party after winning parliamentary approval for a second package of reforms required to start bailout talks with international creditors. The bill covered rules for … Continue reading
Economy Disappointment over U.S. corporate earnings pushed stocks lower on Wednesday, after a whole host of companies’ results fell short of Wall Street’s expectations. Dim outlooks and guidance were seen at Apple (NASDAQ:AAPL), IBM (NYSE:IBM), Microsoft (NASDAQ:MSFT), Yahoo (NASDAQ:YHOO) and … Continue reading