The latest US jobs data has brought the bears out in full force. And Gary Shilling, president of A. Gary & Co, is certainly no exception. Gary thinks the US recovery has primarily been driven by consumer spending as there has been a mini spending spree over the last few months. Though incomes rose slower than expenses, it looked earlier …
US, Japan Stocks Look Good From Valuation And Growth Perspective
Much have debated over the US job data for March and whether the growth momentum can be sustained. Analysts have predicted a pull back of up to 10 percent before markets rebound. John Vail, chief global strategist and head of asset allocation of Nikko Asset Management in Tokyo thinks US job growth is robust and one weak month doesn’t indicate …
Equity ETF Indexes Advance; GAZ On Fire, VXX Sinks
US stocks continued their advancement Monday, as modest homebuilder’s data indicated the sector’s gradual recovery ahead of other housing-related data this week. The gains were supported by Apple’s hefty dividend announcement and $10 billion share buy-back program over the next three years. Tech stocks advanced the most though some of the heavyweights retreated. US 10-year notes tanked for the ninth …
The Economy Is Gathering Pace; Do We Need Another Round Of QE?
The US Federal Reserve didn’t mention about another round of quantitative easing in its latest round of FOMC meeting, leaving many disappointed. Do we really need another round of money supply in the economy? Or will that be the recipe for spiraling inflation, considering that energy prices have stubbornly remained high? If Joseph Balestrino, fixed-income chief at Federated Investors is …
The Economic Indicators Continue To Impress, Time For Celebrations?
Data released by the government this week indicates the economy has started performing and the ghost of the subprime crisis has been (allegedly) buried at last. The confidence in the economy has been reinforced to some degree by Fed Chairman Ben Bernanke’s refusal to initiate another round of quantitative easing (QE3). Is the economy on a true recovery path? Can …
Major Market ETFs Open Month Higher
[Chart courtesy of MarketWatch.com] Stocks closed higher Thursday as investors weighed improved reading on the jobs front against slightly disappointing construction spending and manufacturing data. According to the Labor Department, the number of Americans filing first-time claims for unemployment benefits dropped 2,000 to 351,000 last week, the lowest since March 2008. Four-week average now stands lower by 5,500 at 354,000, …