U.S. existing home sales hit 1-1/2 year low in March

by admin

WASHINGTON (Reuters) – U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end. The National Association of Realtors said on Tuesday home sales slipped 0.2 percent to an annual rate […]

U.S. jobless claims, factory data give economy some shine

by admin

WASHINGTON (Reuters) – New applications for unemployment benefits held near their pre-recession levels last week and factory activity in the Mid-Atlantic region accelerated in April, painting a bright picture of the economy. The economy is regaining its footing after a brutally cold winter and is back on track for faster growth later this year. “The […]

Bullish March retail sales brighten growth outlook

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WASHINGTON (Reuters) – U.S. retail sales recorded their largest gain in 1-1/2 years in March, in the latest sign the economy was emerging from its weather-induced slumber and on track to accelerate in the second quarter. The Commerce Department said on Monday retail sales increased 1.1 percent last month, the biggest gain since September 2012, […]

Consumer sentiment hits nine-month high in April

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NEW YORK (Reuters) – U.S. consumer sentiment rose in April to its highest in nine months as both current conditions and expectations brightened, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s preliminary April reading on the overall index of consumer sentiment came in at 82.6, the highest since July, compared with the […]

More Wall Street economists see rate hike in first half of 2015: Reuters poll

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(Reuters) – More Wall Street economists now believe the Federal Reserve will raise interest rates in the first half of 2015, as evidence builds that the U.S. economy has regained some momentum lost during an unusually rough winter, a survey showed on Friday. Eight of 18 U.S. primary dealers said they expected the U.S. central […]

Manufacturing growth accelerates in March: ISM

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NEW YORK (Reuters) – U.S. manufacturing growth accelerated for a second straight month in March, an industry report showed on Tuesday, as production recovered though employment growth slowed. The Institute for Supply Management (ISM -0.37%, news) said its index of national factory activity rose to 53.7 in March, which was up slightly from February’s read […]

U.S. consumer sentiment falls in March

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NEW YORK (Reuters) – U.S. consumer sentiment fell in March as consumers were less hopeful about the prospects for the overall economy, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s final March reading on the overall index on consumer sentiment came in at 80.0, up a tick from the preliminary 79.9 March […]

Why another recession may be inevitable

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Albert Edwards, Societe Generale’s uber-bearish strategist, has once again taken aim at economists bullish on the U.S. economy, highlighting a contraction in corporate profits that could leave the country exposed to external shocks and an “inevitable” recession. Edwards said economists used “dodgy” metrics to gauge profit and pointed to the MSCI Operating Profits Indicator — […]

New signs the market rally may be over

by Joshua Friedman

There is always someone trying to call the top in the market. Obviously, you won’t know the answer until time has passed and the market significantly moves in the opposite direction. Remember the March 2009 bottom? It was not officially recognized as the bottom until several months (or years) later. So in an attempt to […]

Better economic news boosts stocks

by Joshua Friedman

NEW YORK (AP) – The stock market rose Thursday as encouraging news on the economy outweighed concern that interest rates could start climbing sooner than expected. Stocks erased all of their losses from the day before, when Fed Chair Janet Yellen suggested that rates could rise next year. KEEPING SCORE: The Standard & Poor’s 500 […]