Equity futures in the U.S. are lower across the board by greater than 1% in the early morning hours and in the wake of President Trump’s top economic advisor, Gary Cohn, resigning yesterday evening. The news concerning Cohn’s resignation wasn’t a surprise more so than the timing, which points toward disagreements between President Trump and…
After the Dow Jones Industrial average shed some 3.3% last week, it kicked off the new trading week with a bang yesterday, gaining 336 points. It seemed as if some of the trade tariff fears subsided throughout the trading session and even as bond yields began to rise once again. House Speaker Ryan warned about the…
This week is likely to prove an important week as equity markets have gyrated back and forth throughout February and through the first couple of trading days in March. Stability in equity markets is needed to recapture investor confidence and without said stability a retesting of the February lows is a probable consequence. Some of the…
Last Friday, December 2017 monthly retail sales were reported. The Commerce Department said on Friday that retail sales rose 0.4% last month. Data for November was revised to show sales gaining 0.9% instead of the previously reported 0.8% increase. Retail sales in December rose 5.4% from a year ago. Excluding automobiles, gasoline, building materials and…
