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Bull and bear markets are two very different animals – in more than one way. The ability to discern whether you are in a Bull market (going up) or a Bear market (going down) is fundamental for traders and investors alike. And if you can identify when the market is changing from one bias to
US housing starts for March from the Census Bureau Prior month report Housing starts prior month 1162K revised to 1142K Housing starts -0.3% vs 5.4% exp 6- month average 1189K Building permits 1269K vs 1300K exp Building permits prior 1291K unrevised at 1291K Permits -1.7% vs 0.7% exp Midwest starts fell -17.6% West rose 31.4% Single
The Politburo of China’s Communist Party reviewed the economy and made arrangements on economic work earlier today China is facing economic downward pressure Sees improvement in market confidence Says China is to stick to structural leverage cut Laments that downward economic pressure is structural in nature The meeting was chaired by China president Xi Jinping
Via Bloomberg This is an interesting post that came up on Bloomberg recently based on the relationship between the S&P 500 and US jobless claims. The post was written in response to the people who say that the US economic recovery is a myth and that what you actually have is a Fed-inflated bubble (that
James Smith, developed markets economist at ING, points out that at 6.2% year on year, UK’s retail sales excluding fuel are now growing at the fastest annual pace, since the end of 2016. Key Quotes “Despite all the Brexit noise, the latest surge in UK retail sales indicates consumer spending performed a little bit better