Looking for Lower Prices

U.S. stocks may frustrate investors looking to buy at lower prices. The S&P 500 Index’s performance on a total-return basis, including reinvested dividends, in post-World War II election years shows as much. Retreats of 10% or more, sing a commonly used threshold for corrections, occurred only half of the time during those years. They include … Continue reading Looking for Lower Prices

Memories

Biggest S&P 500 heavyweights bring back memories of 1999 Companies that carry the most weight in the S&P 500 Index are getting heavier. Alphabet Inc., Google’s owner, joined with Amazon.com Inc., Apple Inc., Facebook Inc. and Microsoft Corp. account for 16.6% of the S&P 500’s value, according to data compiled by Bloomberg. Their share surpassed … Continue reading Memories

Jobs Report

Job growth was a modest 128,000. The unemployment rate ticked up to 3.6%. Revisions added 95,000. ​Initial Reaction The core reading was a bit better than expected. The Econoday consensus was 90,000 in a range of 50,000 to 155,000.Manufacturing lost 36,000 jobs vs a consensus of 50,000.Job revisions were positive.Hourly earnings were weak.