By Tony Sagami On June 21, 202109:00 AM Eastern
When it comes to American shoppers, it’s almost like the coronavirus pandemic never happened. Total retail spending is 19% higher today than it was before the corona crash of last year.
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By Jon D. Markman On June 21, 202106:28 AM Eastern
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Schedule: We may take a day or two off this week if volatility is subdued.
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Trade began Friday sharply lower, and the trend never improved. By the close, the S&P 500 was off 1.3%...
By Sean Brodrick On June 21, 202106:00 AM Eastern
Many on Wall Street and in Washington D.C. breathed a sigh of relief this past week as crude oil prices pulled back from a recent peak.
Don’t be fooled! This is a short-term pullback in a bigger...
By Jessica Borg On June 20, 202106:00 AM Eastern
There’s no avoiding a certain word these days when it comes to stock market analysis: inflation.
“If you keep pumping money into the economy, eventually you’re going to see inflation ... Now we...
By Jon D. Markman On June 18, 202103:53 PM Eastern
A week ago, I was skeptical investors would completely abandon cyclical stocks. It’s now clear that the process is well underway, with a helping hand from the Federal Reserve.
The Fed met this...
By Sean Brodrick On June 18, 202112:00 PM Eastern
In last month’s issue, I laid out a strong case for inflation ramping up. Since then, that case has only gotten stronger. The Consumer Price Index (CPI) for May was up 5% on a year-over-year...
There’s a LOT going on in the market, and I’ll get to it in a minute. I’ll also tell you how those developments make now an ideal time to jump on our next Weekend Windfall recommendation!
But...
By Jon D. Markman On June 18, 202106:28 AM Eastern
The S&P 500 closed on Thursday with minimal losses, falling only 0.04% to 4,221. The marginal weakness does not begin to tell the true story.
Tech stocks found a bid early in the session and...
By Mike Larson On June 18, 202106:00 AM Eastern
I was a retail stockbroker at Merrill Lynch in the 1980s, and I’ll never forget one of the conversations I had with one of my wealthiest clients.
He said, “There’s nothing I like better than to...
By Jon D. Markman On June 17, 202103:00 PM Eastern
Stocks started the session modestly lower following yesterday’s rollercoaster ride.
Traders were reacting this morning to the latest data on jobless claims. The Department of Labor said new...