fbpx

Recent New all-time highs for Indices is Suspect

Two of the three major US indices including the S&P 500 and the NASDAQ closed at all-time new highs yesterday.  However, the new all-time highs being an indicator that the 2009 secular bull is still alive and that the indices will continue on to newer all-time...

Housing and Consumer Confidence both Weakening

According to today’s housing report from the US Commerce department new single-family home sales in July declined by 1.7% to the lowest level since October 2017.  Sales in the South declined by 3.3%.  Sales in the West were up 10.9% and in Midwest were up by 9.9%. ...