Retail sales soft in Jan – first back-to-back m/m drop since mid-12 Consumers not quite ready to do away with savings from low gas price XLY, RTH break out, betting consumers will end up spending gas windfall U.S. retail sales … Continued
U.S. consumer confidence has surged since July 2014 Decent inverse correlation between gas price and consumer sentiment No correlation between personal consumption expenditures and consumer sentiment Consumer confidence is soaring in the U.S. Since July 2014, the Thomson Reuters/University of … Continued
Draghi finally delivers, igniting a global rally in stocks Here in U.S., sustainability in doubt unless stocks attract some of that money U.S. households not likely to be source of funds as money market funds lower than pre-crisis As expected, … Continued
Solid improvement in U.S. home prices comes with cost Peak bubble home ownership at 69-percent-plus anomaly not average Price weakness in recent months plus mortgage-rate tailwind unable to seriously ignite sales Leading up to the epic housing bubble in the … Continued
In many ways, this cycle has been like none other. Equities continue to grind higher. Multiples (valuation) continue to expand. The Fed continues to provide support – both monetary and verbal. Equity bulls continue to throw the caution flag out … Continued