October 17, 2011 – 2:54 pm
Are you prepared for when the “disconnect” between the market and economy reconnects? October 14, 2011 By Elliott Wave International Suppose you see a lovely house — one with great curb appeal. It has new paint and manicured shrubbery out front. But also suppose that you look more closely. You press your thumb on the [...]
The economic calendar is light for today but includes the Fed’s Beige Book survey, which will come out at 2 p.m. ET. This is an anecdotal report on the state of the economy by region, which traders will be parsing carefully. At 7 a.m. ET the weekly MBA Purchase Applications will be reported. I look [...]
The economic calendar includes the usual Tuesday releases for retail, housing data, regional manufacturing, and consumer confidence. These are the most daily reports we will see for the week until Friday. At 7:45 a.m. ET, the ICSC/Goldman Store Sales report will be released. There are two parts to the report, the week-over-week and year-over-year changes. [...]
Housing and energy are the two focal points for today’s brief calendar of economic releases, plus an address by Federal Reserve Chairman Ben Bernanke. The first report was the MBA Purchase Applications at 7am ET, which showed a modest seasonally adjusted gain of 2.7 percent. While the MBA index includes several sub-components, economists tend to [...]
December 30, 2010 – 9:49 am
Today is the last day we will see economic releases for the year. A correction from yesterday is that the MBA Purchase Applications report, which had been scheduled for Wednesday morning, will not be released until Jan. 5. At 8:30 a.m. ET Jobless Claims will be released. Consensus calls for initial claims to drop to [...]
According to The Wall Street Journal, so far Monday, European stocks have climbed 1.3% and London’s benchmark FTSE-100 has advanced 1.6%, entering positive territory for the year, while U.S. stock-market futures are pointing up. All sorts of riskier investments are making gains after investors in U.S. markets late on Friday started to give more credence [...]
August 4, 2010 – 10:41 am
After Monday’s big run up to start the week, the US stock markets have been trading flat. We believe that will continue to be the case until Friday. The big event of the week remains the Employment Situation Report, which will be released before the open on Friday. We may not get clarity on direction [...]
The Senate version of financial regulation is bad for business on Wall Street and, according to the Wall Street Journal, could cut the profits of major financial institutions by roughly 20%. Find out why Robert Prechter thinks it’s also bad for the economy in the third excerpt from Robert Prechter’s May 20 interview with Yahoo! [...]
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