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Market Movement

Job Openings are Up

The cost of gasoline is down $0.20 from a month ago.  On seemingly unrelated news, Job Openings rose 1.5% during the same period.  This brings up two points: 1) Domino's should…
jeremy
March 11, 2014
Market Movement

Weakness in China

Weak export numbers out of China are all we have to go off of today, pushing stocks a little lower and bonds a little higher.  On the flipside, US exports…
jeremy
March 10, 2014
Market Movement

The Jobs Report

The Bureau of Labor released their Jobs Report showing that 175,000 new jobs were created last month.  This is considerably higher than most analysts expected.  The data also showed that average…
jeremy
March 7, 2014
Market Movement

Fame of the Fed

CoreLogic reports this morning that due to rising home prices, another 4 million American homes are no longer under water compared to this time last year. Weekly Jobless claims fall…
jeremy
March 6, 2014
Market Movement

The Beige Book

After a bit of a sell off yesterday afternoon, Bonds are bouncing back this morning on weak economic data.  The ISM Service Index moves down to a four year low…
jeremy
March 5, 2014
Market Movement

Peace.

Continuing the spirit of a gracious Olympic host country, today Russia said that there is no need to invade Ukraine yet. I guess that someone figured that Russia's 33 medals…
jeremy
March 4, 2014
Market Movement

Pick Your Battles

Russian President Vladimir (who wrestles wild animals topless) is set to invade Ukraine "to protect its interests and citizens".  Stocks don't like turmoil and are currently down just over 1%…
jeremy
March 3, 2014
Market Movement

Q4 GDP

The Gross Domestic Product for the fourth quarter of 2013 was released this morning at 2.4%, way down from the 3rd quarter's fiery 4.1%.  The decline is due in part to…
jeremy
February 28, 2014
Market Movement

Mom & Pop are Back

Federal Reserve Chair Janet Yellen is on Capitol Hill today setting before our congress the FOMC's current monetary policy.  She says that there has been quite a bit of "soft" data reported lately, meriting…
jeremy
February 27, 2014
Market Movement

New Home Sales Up

New Home Sales up 9.6% to 468,000 units, which is a 17% increase over the speculated sales number and a 5 1/2 year high.  Supply is at 4.7 months and…
jeremy
February 26, 2014
Market Movement

Home Prices Slow

The Case Shiller Home Price Index shows slowing appreciation across the country. On a year-over-year basis, prices are up 13.4% through the end of 2013. (SA on the chart stands…
jeremy
February 25, 2014
Market Movement

A Brand New PPI

Perhaps that reason that homebuilders are feeling dour about the new construction industry is indicative in the 16% decline in Housing Starts, now down to an annualized 888K units.  Building permits also fell…
jeremy
February 19, 2014
Market Movement

The Upper One Percent

I look at tax returns all day long, so it is interesting when the IRS publishes their data.  Albeit antiquated (the last composite disseminated is from 2011), this chart shows…
jeremy
February 18, 2014
Market Movement

Happy President’s Day!

So yesterday I mentioned that those who run our country will have unlimited spending for the next 13 months and that our national debt has soared to $17.2 trillion.  I…
jeremy
February 14, 2014