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After having dipped to $63,378 in February 2019, median household income in the United States rose to $63,425 in March 2019, an increase of 0.1%. The following chart shows the nominal (red) and inflation-adjusted (blue) trends for median household income in the United States from January...
The US Challenger jobs report this week offered some insight into our economic cycle as well as ongoing upheaval in the energy and automotive sector. US job cuts in the first quarter were 190,410, 10.3% higher than in the final quarter of 2018 and 35.6% higher than the same quarter last year. ...
Consumer Confidence for the month of April was released earlier this morning and handily topped expectations, coming in at a level of 129.2 vs. 126.8. Despite the rebound, the headline confidence reading remains well off its cycle high reading of 137.9 from six months ago back in October. On...
By Jeffrey Kleintop Economic growth rates have been revised lower in recent months by economists and central bankers for countries around the world. Yet, the expected earnings per share growth rate for companies around the world next year has been rising for most of the past eight months a...
By SchiffGold The Commerce Department released the first estimate of Q1 GDP growth on Friday. It came in higher than expected at 3.2%. Somewhat surprisingly, the price of gold rose on the news and the dollar showed some weakness. The primary reason was presumably lower inflation. This me...
Introduction On Friday, a former opinion editor of Investor's Business Daily touted the +3.2% first-quarter GDP report to specifically “rebut” my “mini-recession” scenario. Well, this morning personal income for February and March, and personal spending for Marc...
The S&P 500 (Index: SPX ) was buoyed up to reach new record heights during the fourth week of April 2019, closing the week at a new all-time record high value of 2,939.88 . Overall, we find the level of the S&P 500 is consistent with investors focusing on the distant future quarter...
Those that follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I'll pick a couple of themes to explore with the charts, but sometimes it's just a selection of charts that will add t...
First, for the first time in a while, the number of "positive revisions" to S&P 500 estimates outnumber "negative revisions." Here's the data and the graph: The above is a spreadsheet kept weekly on the number of positive and negative S&P 500 EPS estimate revisions. What the reader w...
This April 26th morning we received the first estimate for Q1 2019 GDP, and it looked at first glance to be considerably better than was expected, with the economy expanding at a 3.2% annual pace versus consensus expectations for 2.3% and growth of 2.2% in Q4 2018. Just don't break out the cha...