Few financial topics elicit as strong an emotional reaction as inflation. That's probably due to a number of factors including its "hidden tax" nature as well as the seemingly ambiguous process of calculating this illusive figure.
While Bill Gross is capturing headlines today, what carries far greater significance to the market is the action in the junk bond markets. Someone in the space yelled fire at the start of the year and investors have been heading for the exits.
Corporate profit data was released today for the second quarter, showing a broad-based rebound from the weather-induced weakness seen at the beginning of the year. Here's a look at the trend from 2009 in addition to prior market peaks.
The Final University of Michigan Consumer Sentiment for September came in at 84.6, unchanged from the September Preliminary reading but up from the 82.5 August final. This is the highest level since July of last year, 14 months ago. Today's number was a tick below the Investing.com forecast of 84.7.
Here's the question of the day: Does GDP stand for Gross Domestic Product or Grossly Distorted Procedures? One of the reasons I ask is the latest push by countries to include prostitution and drugs sales in GDP calculations.
In today’s podcast, Jeffrey Saut, the Chief Investment Strategist at Raymond James, tells Financial Sense Newshour that investors would do well to heed the message of the market, particularly by following Dow Theory buy and sell signals, which, he says, have been “pretty darn accurate” at identifying the major trend.
The recent run of economic data has been highlighting the growth divergence in the U.S., Europe and China. Readings out of the U.S. have consistently been showing steadily improving growth momentum.
The US dollar is extending its recent gains. There does not appear to be a new driver. Rather, the momentum, without meeting official resistance, is encouraging piling on.
While we have likely seen a short-term low today and could see the markets recover in the days ahead, I would treat any bounce with a healthy dose of caution given the numerous bearish divergences and non-confirmations currently present.
The real reason global oil prices are falling doesn’t have much to do with a bump in the amount of refined products that are being exported from the U.S. In actuality, it’s the same reason that coal prices have been cut in half over the last two years.