Weekly Issue December 17 2018

Weekly Issue December 17 2018

As we get ready for the quiet holiday weeks for the stock market, we recap Costco’s latest earnings report as well as dig into several economic ones. While the November Retail Sales report is positive for several Thematic Leaders and Select List positions, the overall report adds to the growing list of data that points to slower growth ahead. We also share what to watch this week in the markets.

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With May @MarkitEconomics manufacturing PMI for #Japan @ 40 month low @AbeShinzo plans more stimulus

With May @MarkitEconomics manufacturing PMI for #Japan @ 40 month low @AbeShinzo plans more stimulus

Despite all the central bank intervention to date, Japan’s manufacturing economy continues to contract.  May MarkitEconomics manufacturing PMI for Japan came in at a 40 month low with falling output and orders, which of course means Abe Shinzo sees it as a call to further stimulate the Japanese economy… sounds like more of the same (more debt, low to […]

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US Economy Still Wobbly

US Economy Still Wobbly

The US economy is still pretty weak, reminding me of how I feel towards the end of my weekly “long run,” with occasionally short bursts of energy that quickly peter out into awkward limping along – getting older is not for whiners. Housing  Earlier this month new single family home sales missed expectations, coming in […]

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China isn't the only country slowing

China isn't the only country slowing

China isn’t the only country slowing, as we are sure you’ve all been hearing, the global economy is slowing to a level that ought to make everyone pay attention. Earlier this month the International Monetary Fund (IMF) cut forecasts for 2015 yet again, projecting 3.1% versus its prediction in July for 3.3% and its April […]

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Just what data is the Fed seeing?

Just what data is the Fed seeing?

On Monday March 3rd, the NASDAQ closed above 5,000 for the first time since 2000, while the S&P 500 and the Dow Jones Industrial Average also reached new record highs, which would lead one to think that things are going pretty darn well. According to Chris Verrone of Strategas Research Partners, 70% of US stocks […]

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