Economy and Trends

Resilient Tech Sector Continues to Set Records

When the trade war started at the beginning of 2018, most investors expected it to take a toll on certain sectors more so than others. Many expected it to hurt the industrial sector and the tech sector more than others. Despite the concerns, the tech sector has continued to climb and has doubled the returns of the overall market. Using ...

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Recession Fears Fade – Gold and Bonds Stabilize

When the Fed first started hinting at a rate cut back in the spring, gold was trading below the $1,300 level. As things heated up in the trade dispute between the U.S. and China, three things happened—stocks fell, bonds rallied, and gold rallied. From the end of April through the end of May, the S&P 500 fell 6.5% as investors ...

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Warren’s National Healthcare Proposal Unmasked as Fantasy

Whenever I undertake a piece regarding Elizabeth Warren I try to preface it with deep breathing exercises, meditation, soft music and low lights to calm my nerves in order to put together cogent thoughts on her polemic financial rhetoric. Okay, I’m starting already. Perhaps it would be best if editorials would not post a picture of Warren. Her mean faced, ...

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Market: Good News Keeps Rolling In!

This week is one of the busiest weeks for economic news for the entire year. The first look at third quarter GDP came out on Wednesday and there was an FOMC rate meeting and decision on that same day. The ISM Manufacturing Index and the October Employment report are both due out tomorrow. So far the news has been positive ...

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Consumers Are Fat, Happy and Spending, but are there Cracks in the Economy?

The American consumer has been carrying the U.S. economy as the current economic expansion continues. Personal spending has increased in each of the last six months and consumer confidence hit a reading of 135.8 in July—one of the three highest readings since 1999. Even the banks that have reported earnings this week have seen more consistency from the consumer banking ...

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Globalization: Economics No Longer Adds Up

Just when you think you have something figured out the dynamic of change kicks in. Not to worry students, as they probably won’t be re-writing your textbooks just yet. This is mainly because they are not sure what to write. The U.S. economy and those of other wealthy nations have run with a combination of basic supply and demand (firms ...

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3rd Quarter Earnings Expected to Decline from 2018

The third quarter earnings season is getting ready to kick off with most of the big banks reporting third quarter results within the next 10 days. Citigroup will get things started on October 11 and JPMorgan Chase will follow on October 15. The banks will get things started, with some big tech firms sitting in the on-deck circle. Heading into ...

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Manufacturing Index Drops – Economy Slowing?

The Institute for Supply Management (ISM) has issued two reports this week and both of them have pointed to slowing economic activity here in the United States. The ISM Manufacturing Index came out on Tuesday and the ISM Non-Manufacturing Index came out on Thursday. The manufacturing index dropped to 47.8 in September and that is the lowest reading since June ...

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