Jobless claims came in higher than expected for the second straight week by staying unchanged from last week’s reading at 245K. Economists had been expecting a drop to 240K. Even if the print was higher than expected, claims notched their 147th straight week below 300K, which is impressive to say the least. If claims stay…
The broader auto industry is drastically changing, from companies like Tesla (TSLA – Free Report) redefining what it means to own a luxury vehicle to Silicon Valley tech giants like Uber helping create new sectors like ride-hailing. In particular, the auto parts manufacturing space has experienced a surge in demand, with sales rising and vehicle production ramping…
With the economy expanding in North America, many owners are wondering dering if this is the year to consider selling the business. In most of the major regions there are five specific reasons why it would make sense to sell in sooner than later. There are many factors that determine best timing for selling a…
In my life, some of the most know-absolutely-nothing-about-finance people have been chattering on about blockchain and bitcoin, and although the hucksters want you to believe that you’re in super-early on something that’s going to be world-changing, I still contend we might have already passed the Euphoria phase. (I discussed this at length in my Which Is It? post). Looking…
In the week ending December 23, initial jobless claims were just 245,000, keeping the average below 240,000 yet again. With claims still below year ago levels, there are no signs in the data that a US slowdown is coming. As a result, we may see two more quarters of growth over 3%, keeping the Fed…
Briefly: Intraday trade: Our Wednesday’s intraday trading outlook was neutral. It proved accurate, because the S&P 500 gained 0.1% following neutral opening of the trading session. The broad stock market extended its short-term fluctuations. We still can see medium-term technical overbought conditions. However, there have been no confirmed negative signals so far. Therefore, we prefer…
A small disappointment in the weekly jobless claims figures: the number of unemployment claims remained unchanged at 245K. Continued claims are slightly higher: 1.943 million. The goods trade balance also fell short of expectations, with a slightly wider-than-expected deficit of 69.7 billion. Wholesale inventories are up by 0.7%, marginally above predictions. The US dollar ticked…
COPX Copper miners ETF, has finally made it back up to the top rail of an expanding flat top triangle which is consolidating the June rally. The 20 day EMA has just crossed back above the 50 day EMA which is giving us a buy signal. The weekly chart shows the expanding flat top triangle…
Here is the opening statement from the Department of Labor: In the week ending December 23, the advance figure for seasonally adjusted initial claims was 245,000, unchanged from the previous week’s unrevised level of 245,000. The 4-week moving average was 237,750, an increase of 1,750 from the previous week’s unrevised average of 236,000. Claims taking…
