If early this year the 10-year T-yield vouched for the strength of the US economy as it broke out of multi-year/decade resistance, what is it trying to tell us now that it seems to have hit the wall and is … Continued
XLY, the SPDR consumer discretionary ETF, acts well. It just broke out to a new high, as did its top three holdings – Amazon (AMZN), Home Depot (HD), and Comcast Corporation (CMCSA). These three make up 12.7 percent, 7.3 percent … Continued
Last Thursday, Jamie Dimon, JPMorgan Chase (JPM) CEO, grabbed the headlines when he said someone was going to get hurt in the auto-loan lending market. “Auto is clearly a little stretched, in my opinion.” JPM does not do much of … Continued
June U.S. auto sales 17.1mn units, preceded by cycle high of 17.7mn in May Auto loans nearing $1tn; sharp rise since 3Q10; non-revolving consumer credit $2.5tn Potential problems in autos: extension of average maturity and rise in average amount financed … Continued
U.S. consumer spending, accounting for >2/3rds of economy, key to growth Over last eight years, bank deposits have grown 80 percent But interest income suppressed due to ZIRP Do consumers always benefit from low interest rates? At first glance, that … Continued