Call toll-free 800.328.1267
Strength in consumer spending is highlighted in today’s Personal Income & Outlays report, demonstrated by the PCE index, the Federal Reserve’s preferred inflation gauge, rose 0.2%, as did the core rate that strips out food and energy.
The final reading of the University of Michigan’s consumer-sentiment index in June was 98.2, slightly above May’s level of 98. The initial reading was 99.3. Economists expected a reading of 99.
The Chicago Purchasing Managers’ Business Barometer Index rose 1.4 points to what may be an overheated 64.1 that bested observer forecasts.
Have great weekend and a safe July 4th Holiday and look for the return of Don’s Notebook on July 9th.
S&P 500 Overview: Quiet melt-up continues Volatility low as money shifts between sectors.Defeated at 2800, what can bears do now?At current pace, "golden cross" in seven sessions.Lyft, Uber, Pinterest IPOs will likely draw Main Street attention to stock...
S&P 500 Overview: Upward momentum appears intact Index bounces at 200-day MA after pulling back from 2800.Fear indexes like VIX, gold and yen refusing to rally.Watch for breakout from tight range, possibly on Brexit clarity. Economy Refuses to Quit January retail...
S&P 500 Overview: Will 2800 Prove Resistance? Key level from last October, November, December.Index is furthest from 50-day MA greatest since 1/26/18.Good news of China calm priced in -- for now.Need signal before looking to get short.Likely better to focus on...