Learned that the Worlds Largest economy, ours, remains resilient. So far from firing on all cylinders. Manufacturing is improving. In the face of a strong dollar and falling oil prices. The consumer is spending, the job market is strengthening and the stock market rebounded. After china devalued the currency earlier this week and all week long. Today, we got Additional Information on the state of the economy bringing investor attention back to good Old Fashioned fundamentals. Its a familiar story, but it paints a muddled picture. On the bright side, the u. S. Economy is growing. Two key numbers out today confirm it. The Producer Price index or ppi up 0. 2 of 1 and Industrial Production also higher. 0. 6 of 1 . Both up more than expected. But whether the u. S. Economy is moving fast enough to justify an Interest Rate hike by the Federal Reserve, well, that is another question. If theyre going to move its once or twice and only the move off of zero and to stay silent in the election peri
The market pretty much yawned after the inauguration. Okay, dow edged up 95 points. S p advanced just 0. 34 . Nasdaq gained only 0. 28 . You know why . Because weve heard it all before. Yep, weve been living with trumps presidency in waiting for nearly three months, and i cant think of a previous elected official who has given you more of a progrowth game plan than donald j. Trump. Hes been giving a dry run for ages now, which is why ive been so flummoxed by the endless pundits who keep saying, look out. Here comes a real swoon. Now, look, swoons can happen. I think swoons, though, come out from left field. Huge selloffs come from viciously overbought markets that are jarred by the unknown. Like if trump had ordered all the democrats off the stands, or he said he needs to challenge the checks and balances in the constitution in order to make America Great again. We didnt get that. His inaugural entrance was pretty much the same thing we heard when he was stumping around the country. Wh
Subject of job creation, and youve got the makings of a real rally. Dow gaining 187 points today. S p vaulting 0. 73 . Nasdaq only up 0. 54 . Again another record high. Look, love them or hate them, if you believe that Business People know how to create jobs i dont think thats such a huge leap then having them sit down with the president and give him ideas will help the bull market calls. The meeting also helps create ate a level astability to offset the recent volatility that had many investors fretting about their portfolios. Look, the contrast in president obama is so stark on so many issues, not the least today, where the new president powwows with rich Business People and talking about deregulation meant to rein in the banks which were the enemy in the Previous Administration for many years. His universe seems surrounded by wealthy people who offer their insights, and im sure it rankles half the country. But that said, ive interviewed almost every single one of these execs around
Here are the top stories were watching ahead of the opening bell. Informatics is now the biggest leveraged buyout of the year. From europe and the canadian pension plan Plan Investment board are buying the company for 5. 3 billion dollars. This has been a target of activist management elliott managed activist target for elliott management. Drillers idled oil rigs for the 17th straightway 17th street we. Rand paul running for president 2016. He officially kicked off the campaign in louisville. Another story we have been watching this afternoon, the lights are coming back in defeat. They briefly lost power earlier today. Going to managing news editor in d. C. What happened yet so who is still without power. All of the main government holding, the Justice Department and white house who all locked power intermittently them to be back. The little hope our Company Local Power Company telling us there was a big hit lotion and that since programs riffling through the whole. Got a little bit ne
What do we bid on when the market comes in from the auction or because theres too much profit not to take something off the table. What can you still sink your teeth into . As the averages barely budget, dow up 11, s p slipping to. 06 , thats 9 , and even after years and years of managing money in some form or other, these questions swirl through my head as i look over todays action after a big up day yesterday. It is always like this, the big rally, the consolidation, trying to pick what can still move and making sure that you wont buy something that wont be able to will rally because its just plain bad. Now we had a momentum market going here, meaning investors are chasing whats hot and if you dont mind buying high, theres plenty to choose from. It is just ramping and hey, you can buy netflix, amazon. The two sainted stocks that dont need to show earnings as theyre all about the love of their customers. You can use the big secondary offering from facebook, and 41 million shares from