Month: September 2012

September
24

Provided by: Jon McGraw

Economic Notes – 9-24-12

It was the week of the month dominated by housing numbers. The NAHB homebuilder sentiment index rose from 37 in August to 40 in September, which beat consensus estimates of a 38 figure, and was led by all three index components: current sales, expected future sales and prospective buyer traffic. The other good news is…

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September
24

Provided by: Jon McGraw

Here Comes $34 Billion!

Corporations are putting more cash in investors’ pockets. In the past week, more than half a dozen Blue Chip companies announced increases in their dividend payouts. In fact, Standard and Poor’s Corporation said S&P 500 companies paid a record $34 billion in cash payments to investors in August. That’s a pretty nice stimulus! And, the…

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September
17

Provided by: Jon McGraw

I am the Federal Reserve, hear me roar!

I am the Federal Reserve, hear me roar. Printing dollars in numbers too big to ignore. With an apology to Helen Reddy for paraphrasing her early 1970’s anthem, the Federal Reserve dropped a bombshell on the markets last week, and the reverberation may endure for years to come. In an eagerly awaited announcement, the Fed…

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September
17

Provided by: Jon McGraw

Economic Notes – 9-17-12

Last week saw many important economic developments that – for most investors – made for a very good week. Positives Probably last week’s biggest news came out of Europe. Germany’s Constitutional Court ratified the country’s participation in the 700-billion-euro European Stability Mechanism (ESM), the euro zone bailout fund. Germany is liable to contribute 27% of…

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September
14

Provided by: Jon McGraw

Fed & QE3…

Today, the Fed Open Market Committee concluded their two-day meeting with some big news—QE 3. Specifically, the FOMC will buy $40 billion of mortgages per month in an effort to spur the recovery in real estate and keep rates for government agency debt low (until the labor market improves ‘substantially’). Additionally, they lengthened and toughened…

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September
11

Provided by: Jon McGraw

To Ease Or Not To Ease… All eyes on the Fed!

It’s about time. Believe it or not, the U.S. stock market as measured by the S&P 500 index hit an all-time record high last week when you include reinvested dividends, according to Bloomberg. Now, you may not have seen that headline in the news last week because the index itself is still 9.3 percent below…

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September
04

Provided by: Jon McGraw

The Four Major Risks Facing the Global Economy…

Now that the traditional end to summer has arrived, things might heat up on Wall Street as traders return to their stations and face a host of pressing risks. The omnipresent Mohamed El-Erian of PIMCO took to the airwaves on Bloomberg last week and laid out his list of the four major risks facing the…

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September
04

Provided by: Jon McGraw

Economic Notes 9-4-12

Consumer confidence fell in August unexpectedly down to 60.6, versus the consensus estimate of 65.9. A deterioration in the ‘expectations’ component was the biggest reason for the drop, while the ‘present’ conditions and ‘employment’ measures were relatively flat. As we know, sentiment measures can be quite fickle. Conversely, University of Michigan consumer sentiment rose to…

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