John Hancock: Weekly Market Recap Week Ended June 26th
Spending spree U.S. consumer spending jumped more than 8% in May, but that record monthly gain followed a record decline of nearly 13% in April. Spending also dropped sharply in March, so there’s more ground to be made up before spending returns to pre-COVID-19 levels. Global slowdown The International Monetary Fund said it […]
LPL: Leading Indicators Turn Positive
Economic Blog Yesterday, The Conference Board released last month’s reading for its Leading Economic Index (LEI), a composite of leading data series, which showed a month-over-month increase of 2.8%. As seen in the LPL Chart of the Day, the return to positive territory follows three straight months of negative monthly growth. ”We noted that the […]
Kevin Miller on Bloomberg Radio
Dr. Ian Lustbader, Clinical Professor of Medicine at NYU, discusses the latest on Dexamethasone as a treatment for COVID-19 and New York City’s phase two of reopening. Bloomberg Businessweek Editor Joel Weber and Businessweek Editor Silvia Killingsworth walk through stories from the food section in this week’s magazine. We get Businessweek Economics with Bloomberg News […]
John Hancock: Weekly Market Recap Week Ended June 19th
Retail therapy U.S. retail sales posted a record gain in May, jumping nearly 18%, as thousands of stores reopened after coronavirus-related restrictions were eased across much of the nation. However, May’s retail surge followed two months of record declines, and last month’s sales were still down 8% from February. Fed’s shopping list The U.S. […]
LPL: Is This The Start Of A New Bear Market?
Market Blog “Stocks take an escalator up, but an elevator down.” — Old investment axiom The saying above sure happened yesterday. In the end, the S&P 500 Index fell 5.9% for the worst day since March 16 and the first three-day losing streak in more than three months. What does it mean? We’ve been on […]
John Hancock: Weekly Market Recap Week Ended June 12th
Swift reveral Before Thursday’s market rout—which saw the Dow plunge nearly 7%—the major stock indexes had passed some big milestones. On Monday, the S&P 500 briefly returned to positive territory year to date; on Wednesday, the NASDAQ closed above 10,000 for the first time. Recesson declaration The National Bureau of Economic Research (NBER) […]
Kevin Miller on TD Ameritrade Morning Trade Live
Watch the interview at: https://tdameritradenetwork.com/video/rB4AoXKIEsOBcpmKsgwKWA
LPL: Shock Gain In US Payrolls
Economic Blog It appears optimistic stock investors have for the moment won out versus more dour economic forecasters. The US Bureau of Labor Statistics released its monthly employment report this morning, revealing that the domestic economy gained 2.5 million jobs in May, surpassing economists’ predictions for a 7.5 million loss. This comes on the heels […]
Kevin Miller on Bloomberg Radio
Click here to listen to the interview: https://www.bloomberg.com/news/audio/2020-06-08/kevin-miller-on-the-markets-radio
John Hancock: Weekly Market Recap Week Ended June 5th
Climbing back Friday’s unexpectedly strong jobs report fueled a rally that left the S&P 500 up 43% from a recent low on March 23 and down just 0.3% year to date. The index was less than 6% below its record high, which was reached less than four months ago. Change in character Although […]