Is there's room for the record-setting rally in U.S. stocks to get even broader?
S&P Record
Author: Rick Picon
All That Glitters
Gold’s rise to its highest price in more than five years showed central-bank policy changes. Gold for immediate delivery traded Thursday for as much as $1,394 an ounce, surpassing the high end of its trading range since October 2013, according to data compiled by Bloomberg. The precious metal rose after the Federal Reserve and the … Continue reading All That Glitters
Home Sales
Existing home sales came in at 5.34M, seasonally adjusted annualize, topping the consensus estimate of 5.28M. This was a good report. The term good is relative. Sales are still down year-over-year as well as year to date.
Online Retail Surpasses Brick & Mortar
An unprecedented shift in U.S. consumers’ buying habits was reaffirmed in May. Online merchants accounted for about 12% of last month’s retail sales, according to figures compiled by the Commerce Department. They exceeded the 11.8% share for department stores and other general-merchandise chains. Stores reached by mouse clicks generated more sales than the brick-and-mortar retailers … Continue reading Online Retail Surpasses Brick & Mortar
College Graduates Feeling Good
College graduates are feeling good about the U.S. economy, but you have more company than usual.
Commodities Down
Commodities are trading at the lowest prices relative to U.S. stocks in half a century or more as a bear market persists. The ratio between the S&P/GSCI Total Return Index and the S&P 500 Index dropped Monday to its lowest level since calculations of the commodity gauge begin in 1970, according to data compiled by … Continue reading Commodities Down
Volatility Where Are You?
Months of swings in the U.S. stocks have left the VIX Index less than… volatile.
U.S. Interest Rates
Anticipation that U.S. stocks will rise once the Federal Reserve begins reducing interest rates is at odds with recent history. Data compiled by CFRA Inc. show the S&P 500 Index fell 12.4% in the first six months after cuts started in 2007. The drop broke a post-World War II record of 9.5% set in 2001, … Continue reading U.S. Interest Rates
Drone Life
FedEx just announced deliveries 7 days a week. Amazon shoots for 30-minute drone deliveries. The Wall Street Journal reports FedEx to Deliver Packages 7 Days a Week. “Online shopping is seven days a week,” FedEx President and Chief Operating Officer Raj Subramaniam said in an interview. “So there is increasing demand from online shoppers and … Continue reading Drone Life
S&P Skeptics
The S&P 500's dropped below 2,800 last week, was it a bear trap?