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It's hard to deny sentiment is building for a strong earnings season. Depending on who you ask, profits are projected to rise more than 20 percent. While the estimates vary, direction is positive because all the research shows consensus figures climbing in recent...
The US Department of Commerce released its most closely watched of all inflation gauges, the core Personal Consumption Expenditure Price Index (PCE). Income rose 0.3 percent in April but the wages & salaries component shows a 0.4 percent gain. Spending jumped 0.6...
The national employment report from Automated Data Processing Inc. is computed from ADP records that represent approximately 400,000 U.S. business clients and approximately 23 million U.S. employees. ADP hasn't been getting much attention lately, but earlier it issued...
In today’s Morning Market Briefing, presenter Fausto Pugliese of CyberTrading University cautioned about “forcing” trades today since he expected a slower market following the Memorial Day market holiday. “Do not be aggressive today” was his warning. The S&P Core...
New homes have been one of the strongest areas of the economy, however today's April New Homes Sales Report is expected to show a decrease from the March total. A related announcement from the Mortgage Bankers' Association already out is that purchase applications for...
Payrolls rose 164,000 after an upwardly revised 135,000 advance, according to the Labor Department data announced earlier today. The jobless rate fell to 3.9 percent, the lowest since December 2000, after six months at 4.1 percent. Average hourly earnings increased...
Don’s Notebook May 3, 2018 March looks to have been a very good month for the trade balance, the month when tariffs and trade wars first hit the news. The trade deficit fell in March to $49.0 billion with the Chinese deficit, narrowing to $25.9 billion from February's...
The Institute for Supply Management (ISM report) came in lower than Street consensus at 57.3 (vs. estimates of 57.5-60.) This survey asks purchasing managers about the general direction of production, new orders, order backlogs, their own inventories, customer...
It could have been worse. That's the good news for investors sifting through earnings this week. Just look at Facebook (FB). The social media giant got slammed by reports of data breeches last month, but it seemed to have little impact on first-quarter results last...