Folks, you know I’m no cheerleader for the market. I don’t have any vested interested to hold a certain opinion either.
The way I see the Advanced Retail Sales number that was just released this morning is that it’s not bad, provided it’s true and not revised down.
I explained why Retail sales are such an important barometer to watch on the health of the economy here: The Harbinger: The Sector That Holds the Future of the U.S. Economy
The Advance Retail Sales Report released this morning shows that sales in August were 0.2% month-over-month. That’s not bad. While it may be a decline from July’s 0.4% (July was revised up from 0.2% to 0.4%), the longer term trend is still a thing of beauty.
I have nothing bad to say about that chart. Looks good and it tells us that despite the bad earnings season, lack of meaningful job growth, and the drop in U.S. GDP, consumer spending and retail sales continue to march upward for now.
Obamacare, National Debt, Unemployment, GDP... Honey Badger don't care. Honey Badger doesn't give a $T about your economic statistics.
Honey Badger walks up to roaring Bear and bitch slaps it because Honey Badger doesn't give a F#@K! Honey Badger says to the Bear I'll jump on your back and bi.... More »
My stock market prediction for trading next week is that the Bulls have the advantage over the Bears going into trading next week BUT with one huge condition, the government shutdown / debt ceiling issue gets resolved.
Your stock market prediction algorithm has to have a human override componen.... More »
Today's release of the August Industrial Production data was good! The Industrial Production chart has been in a narrow range for the past six months. Then in August, it surged 0.7% and has broken out of the narrow range. It is the largest increase in 8 months.
Federal Reserve economists summar.... More »
The Dow has a sidelines rating but the Nasdaq, S&P 500, and Russell 2000 all have strong uptrend ratings. Folks my stock market prediction for next week is that the Bulls have a strong advantage over the Bears going into trading next week.
Stock Market Forecast
The best 6 months of the y.... More »
Rental rates continue to rise as vacancy rates continue to drop. The popping of the housing bubble pushed a lot of people into renting that lost their home in foreclosure. This is a big problem because it means rental rates are rising much faster than wages. This widening gap between rent and .... More »