From the Census Bureau reported that overall construction spending increased: Construction spending during December 2023 was estimated at a seasonally…
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ISM® Manufacturing index Increased to 49.1% in January
(Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 49.1% in January, up from 47.1% in…
Continue ReadingWeekly Initial Unemployment Claims Increase to 224,000
The DOL reported: In the week ending January 27, the advance figure for seasonally adjusted initial claims was 224,000, an…
Continue ReadingThursday: Unemployment Claims, ISM Mfg, Construction Spending
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial…
Continue ReadingS&P 500 Falls, Nears First Support Level — How Much Lower Can It Go?
Will the Fed cut interest rates at their March meeting? Investors were looking for an answer from Fed Chairman Jerome…
Continue ReadingBetting Against the Fed is RISKY!
In this edition of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity shares insights on today’s Fed meeting and what…
Continue ReadingPost Tech Earnings & FOMC — Give Retail Investors Credit
Although Microsoft and Alphabet, Inc. reported better-than-expected earnings after hours, and then with follow-up during the trading session, sellers came…
Continue ReadingFreddie Mac House Price Index Increased in December; Up 6.6% Year-over-year
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in December; Up 6.6% Year-over-year A…
Continue ReadingFOMC Statement: No Change to Policy
Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. FOMC Statement: Recent indicators…
Continue ReadingTwo Magnificent 7 Stocks Beat Earnings Estimates But Didn’t Move Markets
Two of the so-called “Magnificent 7” stocks – Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) — posted earnings that beat estimates…
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