Month: August 2012

August
27

Provided by: Jon McGraw

US Stock Market at a Four Year High & What to do when things really fall apart!

Close, but not quite. Last week, the U.S stock market hit an intra-day four-year high, but it couldn’t hold the gain and closed slightly lower for the week, according to MarketWatch. As usual, news flow from Europe and the Federal Reserve helped move prices. While we often look at the broad market indexes to gauge…

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August
27

Provided by: Jon McGraw

Economic Notes 8-27-12

Economic Notes: Existing home sales were up +2.3% in July to an annualized 4.47 million units, which was a little lower than the expected +3.2% increase. Increases were seen in both single-family homes and condos. The trend continues to move higher (nearly +10% this year), which is the best in about six years. Additionally, the…

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August
22

Provided by: Jon McGraw

Stocks Climbing the Wall of Worry… For the next 20 years?

Like the tortoise beating the hare, the U.S. stock market has been slowly and steadily inching its way up over the past few weeks. Since touching an intraday low on June 4, the Dow Jones Industrial Average, the NASDAQ, and the S&P 500 index have all rallied more than 10 percent, according to CNBC. In…

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August
20

Provided by: Jon McGraw

Economic Notes

Economic Notes This week, a few indicators again surfaced that investors took as counter to the trend that the U.S. economy is in an extended soft patch. Retail sales turned out being much better than expected in July, up +0.8% versus a forecast of +0.3%. Non-core and core sales were roughly similar; pointing to across…

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August
13

Provided by: Jon McGraw

Would anyone like some stock? Hello? Anyone?

Is the “cult of equity” dying? Since 1912, stocks have returned on average 6.6 percent per year after inflation, according to Bill Gross, the legendary bond manager from PIMCO. Recently, Gross ruffled some feathers when he wrote that the historic 6.6 percent return “is an historical freak, a mutation likely never to be seen again…

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August
07

Provided by: Jon McGraw

Make it a four week rally!

Despite disappointment that central banks in the U.S. and Europe offered no new stimulus programs last week, the U.S. stock market rose for the fourth straight week – thanks to one piece of government news, according to Bloomberg. This particular piece of news is released on the first Friday of each month and investors eagerly…

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August
02

Provided by: Jon McGraw

August Fed Meeting Comments…

The FOMC completed their meeting August 1st with little change. Easing monetary policy further, as a result of weakening U.S. economic data in the past few months, was not voted for, although they keep the option open and the possibility of such action at the September meeting remains relatively good. The language of their press…

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