One Man’s Opinion: Does The Latest Data Suggest There’s Some Momentum In The Economy?

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The latest revised-data on unemployment benefit claims and housing are two very interesting and relevant pieces of information about the US economy, said David Levy, chairman of Jerome Levy Forecasting Center. They are not contradictory, but they essentially talk about different things. There was a lot of noise in the initial claims data; still there has been enough of a …

Cheerful Data Pushes S&P Through The 1,700 Level

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[Chart courtesy of MarketWatch.com] U.S. equity markets shrugged off yesterday’s lackluster performance to close Thursday trading session nicely higher, with the Dow and S&P 500 indices soaring into record high territory in the wake of a stronger-than-forecasted U.S. manufacturing report and better-than-expected sector reports out of China and the Eurozone. The Standard & Poor’s 500 Index advanced above 1,700 for …