It’s Jobs Day
The Labor Department released the July employment report this morning. The headline numbers that economists follow are the monthly increase in nonfarm payrolls and...
S&P 500 Technical Analysis Update
The S&P 500 has now clearly carved out the head-and-shoulders top formation I wrote about in Young Research’s last two technical analysis updates. The...
More Alarming than the Debt Ceiling Debate
While the financial press and many market participants are focused on the debt ceiling issue in the U.S., an equally if even more alarming...
Housing Prices Still in the Tank
The S&P Case-Shiller home price indices were released this morning. On a non–seasonally adjusted basis, home prices rose for a second consecutive month in...
The Gloves are Coming Off
Below are two excerpts from Wynn Resorts latest conference call. The speaker is Stephen Wynn the company’s Chairman and CEO. Rarely do you hear...
Rail Stock Divergence
The Association of American Railroads (AAR) put out its weekly rail traffic report today. For the week ending July 16, total carloads fell 0.3%...
It’s the Spending, Stupid
Just in case you needed more evidence of the seriousness of the federal deficit, these two charts provide some historical perspective. The first chart...
Consumer Sentiment Sinks
The Reuters/University of Michigan Survey of Consumer Sentiment plummeted to a post-recovery low of 63.8 in July. According to Bloomberg, economists were projecting a level of 72. The...
Are You Financially Prepared for Retirement?
I just finished wading through the Employee Benefit Research Institute (EBRI) 2011 Retirement Confidence Survey (RCS). My findings are problematic. The EBRI is a...
Gold Surges to Record High
Gold is up more than 6.5% since the first of the month. The precious metal is rallying on fears that the euro-area financial crisis...