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June consumption was strong, while production was weak Tuesday morning's retail sales and industrial production releases for June are consistent with my take that the consumer sector of the economy is doing OK, while the production sector remains in trouble. Let's start with retail sales...
The stock market in the US is at record levels once again. The latest rally that came in the wake of the June meeting of the US Federal Reserve when the central bank lit a bullish fuse under the prices of equities. The FOMC told markets that they plan to cut the short-term Fed Funds rate befor...
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By Jonathan Liss Before founding ExponentialETFs , Phil Bak spent the better part of a decade with the NYSE's ETF division, helping other firms get their own funds listed smoothly. And while he enjoyed what he was doing, he had always really envisioned himself managing his own ET...
While listening to Fed Chairman Powell's Humphrey Hawkins testimony to Congress on Wednesday and Thursday of last week, I noticed his response to a question asking if we had gone past the point of no return regarding our national debt of $22,489,174,200,900. He was quick to point out this ye...
At 3,013.77 , the S&P 500 (Index: SPX ) closed at the highest level in its history on Friday, July 12, 2019, having spent the entire day trading above 3,000 for the first time ever. Then again, the index has achieved new record-high closing values 11 times in the past four weeks. What ...
By Bluford Putnam On June 30, 2019, the current economic expansion tied the old record from the Clinton decade of 40 quarters, and as each month passes without a recession, it will be setting new records for duration (although not strength, but that is another story, for another report). ...
After a brief summer vacation and now catching up on some market research, recent fund flow data caught my eye. In this week's ICI fund and ETF flow/issuance report , equity outflows totaled a sizable $28.8 billion. Of this amount, $25.2 billion represents outflows from U.S. domestic funds an...
This week may have marked the end of the vaunted "everything rally", and that wouldn't necessarily be a negative development. In the US, equities of course pressed to new highs, helped along by Jerome Powell's testimony on Capitol Hill, where the Fed chair essentially confirmed that a July r...
By Robert Hughes AIER's Leading Indicators index remains neutral in June; policy remains biggest risk AIER's Leading Indicators index was unchanged in June, holding at the neutral reading of 50. The Lagging Indicators index was also unchanged in the latest month, repeating the May result...