Housing starts bounced 6.6% from last month’s dismal plunge of 8.86%. Last month Bloomberg Econoday cited “fundamental strength“. This month, Bloomberg curiously describes starts as “soft“...
Home Depot (HD) is the one of world’s largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-you...
What does a portfolio need: bullion or stocks? Gold is making a comeback. Quite a comeback. But think back a year. Bullion’s up about four percent over the past 12 months. Gold stocks, proxied by th...
by Doug Short and Steven Hansen According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 1.1 % – an increase from last month’s 0.9 %. The year-over-yearÂ...
Greetings, 1. Once again, let’s start with the United States where the New York area (Empire) manufacturing activity fell back into contraction mode The survey showed CAPEX expectations falling ...
Last Friday the market closed below its 50-day moving average. Theoretically, such a close should have sent traders scrambling for cover Monday morning. As I noted in this past weekend’s missive: â...
US housing starts and industrial activity posted solid increases in April, rising by stronger-than-expected rates last month. But the upbeat news is clouded by negative trends for the year-over-ye...
The Australian dollar erased some of its previous losses as RBA minutes showed that members were hesitant to cut rates. Meanwhile, inflation data from the UK disappointed while in the US inflation inc...
Gold: Having lost its upside momentum to close on a rejection candle on Monday, further weakness is envisaged. On the downside, support comes in at the 1,265.00 level where a break will turn attention...