(Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 46.7% in November, unchanged from 46.7% in…
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Construction Spending Increased 0.6% in October
From the Census Bureau reported that overall construction spending increased: Construction spending during October 2023 was estimated at a seasonally…
Continue ReadingThe Compound and Friends: It Turns Out the Fed Doesn’t Matter
Today’s Compound and Friends is brought to you by Public: Visit public.com/compound for more information on how to earn 5.4%…
Continue ReadingFriday: ISM Mfg, Construction Spending, Fed Chair Powell, Vehicle Sales
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, ISM Manufacturing…
Continue ReadingSNAP’s Stock Price Snaps Out Above Bollinger Band — Could This Be a Profitable Opportunity?
Snap Inc.’s stock (SNAP) price exceeded its upper Bollinger Band. But what does this mean for the stock’s price move?…
Continue ReadingWeird Wednesdays for Put/Call Ratio
There is a weird phenomenon that has cropped up in the options markets over the past couple of years. Even weirder…
Continue ReadingSkepticism Over the OPEC + Oil Cuts
Despite the total cuts by all countries added at the November 30th OPEC+ meeting, oil sold off, testing key support.…
Continue ReadingLas Vegas October 2023: Visitor Traffic Down Slightly YoY; Convention Traffic Up 2%
From the Las Vegas Visitor Authority: October 2023 Las Vegas Visitor Statistics Demand for sports, entertainment and conventions combined to…
Continue ReadingRealtor.com Reports Active Inventory UP 1.8% YoY; New Listings up 8.9% YoY
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View —…
Continue ReadingUnlock the Secrets of Five Candlestick Patterns
On this week’s edition of Stock Talk with Joe Rabil, Joe presents 5 specific candlestick patterns and how to use…
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