The U.S. Department of Commerce today reported retail sales for June. At a growth rate of 0.2 percent, following a 0.5 percent increase in May, the sluggishness of the headline sales number surprised economists, who had expected to see 0.6 percent growth. That may account for the renewed aura of worry hitting the market today, particularly in small- and mid-cap stocks. Read more about No Reason to Rush for the Exits 07-15-14
The jobs report that hit the wires last Thursday, one day early due to the July 4th holiday, cheered the markets enormously. Alas, the step into new record territory also proved transitory.
While the unemployment rate sank to 6.1 percent, within the upper range that the Federal Reserve Board had targeted, the rate of labor participation for individuals across the age spectrum remains stubbornly low. That the participation rates are poor both for older employees and younger workers alike had a chilling effect on the market. It’s not a sign of economic strength. Read more about A Mixed Picture 07-08-14
The S&P 500 enters the second half of 2014 on a six-quarter winning streak, the longest string of quarterly gains since 1998. Currently hovering around 1975, the blue-chip stock index seems poised to make a run at 2000. Read more about 2000 Milestone Within Reach But What's Ahead? 07-01-14
Today, Standard & Poor’s reported its latest reading on home prices in 20 U.S. cities. The Case/Shiller home price index increased 0.19 percent compared to March, but badly missed the 0.8 percent increase economists had expected. Prices rose 10.82 percent on a year-to-year basis, but that too came in below expectation of an 11.5 percent bump. Moreover, in 19 of the 20 cities included in the index, prices in April rose at a slower rate than they had in March. Read more about Mooo... ving Along 06-24-14
This issue we are pleased to introduce exciting changes to The Cash Cow!
Our team believes it important to offer you more actionable advice. To that end, we streamlined the newsletter. In this issue we offer two sections, one with a long-term focus, and the second with a focus on the shorter term.
See the issue for details. Read more about New Month, New Improved Format
In lieu of our usual weekly Cash Cow update this week, we advise readers to expect, shortly, a major improvement in this service. In the next issue, due within a week, you will find an upgraded look with new and more actionable advice based on our proprietary market indicators focused on equities, bond and precious metals. We will retain the portfolio of what we think are the best of the best long-term ETF investments. We will have a sharper investment focus and recommendations for the buy-and-hold crowd as well as the more active investors. Read more about Look Forward to Better Issues 06-17-14