The 16 positions that were in place prior to the start of this year recorded an average total return (share price appreciation plus dividends paid) of 54.6 percent through the end of June compared to a 10.1 percent gain by the index. Read More
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Consumer credit, a technical bounce by the S&P 500 Index, and the beginning of Q2 earnings season will set the early tone for the third quarter. Read More
I believe whether consumers will be able to keep spending at their usual pace will become one of the key drivers of the stock market during the second half of this year. Read More
Anyone hoping to see a reason for the Fed to change its hawkish outlook for interest rates later this year based on the employment data for June will be disappointed. Read More
This month’s Personal Finance options recommendation includes two strategies, selling a covered call and selling a naked put on KB Home (NYSE: KBH) Read More
The ADP National Employment Report, BLS Employment Situation, and a technical bounce by large cap stocks is what I'll be watching for this week. Read More
Yesterday’s Personal Consumption Expenditures (PCE) report for the month of May suggests that inflation is rising for reasons other than fuel costs. Read More
The big increase in disposable personal income in May is a pleasant surprise, but spending will need to come down for consumers to replenish their depleted savings. Read More
The higher PCE numbers for May support the Fed's decision last week to leave its policy rate unchanged while shifting towards a hawkish bias heading into the second half of this year. Read More
Today's bad news/good news residential sales report for May illustrates the impact that the k-shaped economy is having on big ticket items such as real estate. Read More