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Posts related to ‘Economy’

Consumer Sentiment Rises as Gasoline Prices Fall

Posted: May 11, 2012 at 10:41 am

The Reuters/University of Michigan consumer sentiment index for May rose to 77.8, up from 76.4 in April and the best index reading since January 2008. A MarketWatch poll of economists ...
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PPI Shows No Evidence of Inflation

Posted: May 11, 2012 at 8:38 am

The Labor Department is out with the wholesale inflation data or the Producer Price Index for April.  Inflation was at bay with a reading of -0.2% on the headline data ...
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IEA Oil Market Data: Demand, Supply Rise

Posted: May 11, 2012 at 7:37 am

The International Energy Agency this morning released its April report on the global oil market. The short version of the story is that global consumption of oil is expected to ...
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One Fed President is Worried About Inflation

Posted: May 10, 2012 at 2:14 pm

In a speech today to the Economic Club of Minnesota, Minneapolis Federal Reserve Bank President Naryana Kocherlakota reviewed the Fed’s new transparency policies (he supports them) and then reviewed the ...
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Taking An Early Look at 2012 ASCO Biotech/Cancer Stocks (DNDN, LLY, ARIA, ARRY, BVTI, ABPI, CLDX, CYTR, GALE, EXEL, GNBT, GHDX, IMGN, NKTR, NLNK, PCYC, SGEN)

Posted: May 10, 2012 at 12:02 pm

It is now getting close to the middle of May, and that means one thing for biotech investors.  The king of biotech and pharma events is about to take place.  ...
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Fixed-rate Mortgages Post Another All-time Low

Posted: May 10, 2012 at 11:20 am

The interest rate on a 30-year fixed-rate mortgage fell to an all-time low of 3.83% last week according to Freddie Mac. The previous record low was 3.84% set in last ...
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Merkel, Greece Showdown on Tap

Posted: May 10, 2012 at 8:44 am

German chancellor Angela Merkel has made it abundantly clear that Germany has no interest in renegotiating the austerity plan that the Eurozone agreed to with Greece. And while it may ...
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Weekly Jobless Claims Bring No Real Unemployment Help

Posted: May 10, 2012 at 8:39 am

The U.S. Labor Department has turned in its weekly jobless claims data and the report is pretty much in-line with expectations but is still not indicative of any great jobs ...
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OPEC Market Forecast Sees Global Crude Demand of 89 Million Barrels/day

Posted: May 10, 2012 at 7:43 am

In the May version of OPEC’s monthly Oil Market Report, the cartel keeps its previously forecast global demand total for 2012 at just under 89 million barrels/day. Demand is growing ...
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Post Office Unveils Plan to Cut Costs, Retain Rural Stations

Posted: May 9, 2012 at 12:16 pm

Faced with considerable consumer and political pressure to review its plan to close hundreds of the country’s smallest post offices, the US Postal Service announced today that it would propose ...
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Bonds Sound Recession Warning, Of Sorts (TLT, JNK, AMJ, XLF, FAS)

Posted: May 9, 2012 at 12:13 pm

So, just two weeks ago it looked as though "Sell in May and go away!" was not going to be as strong of a theme in 2012 compared to 2011 ...
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US CEOs Register Higher Confidence in Global Economy

Posted: May 9, 2012 at 9:44 am

In its latest quarterly survey of how confident CEOs are in the global economy, the Young President’s Organization (YPO) reports that US CEOs’ level of confidence rose to 65.1, the ...
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Credit Suisse Trims S&P Target: Another Sell in May and Go Away! (CS, SPY, PPH)

Posted: May 9, 2012 at 8:45 am

Credit Suisse Group (NYSE: CS) is sort of taking the "Sell in May and go away!" approach.  At least that is how it sounds, even if the overall call is ...
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Spanish Bond Yields Rise Again

Posted: May 9, 2012 at 7:29 am

The yield on 10-year Spanish bonds rose above 6% this morning in reaction to the turmoil in Greece and fears that it would spread to Spain. The differential between Spanish ...
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US Average Gasoline Price Forecast Lowered

Posted: May 8, 2012 at 3:01 pm

The US Energy Information Administration (EIA) released its updated Short-Term Energy Outlook today, and the good news for drivers is that the forecast for gasoline prices for the Spring and ...
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