MarketView Chart of the Week, posted December 12, 2003
The holiday shopping season is in full-swing. Retail sales climbed and consumer confidence also took a large 10 point jump in November. If this is any indication of what is to come, retailers may be very pleased with their sales numbers this year.
MarketView Chart of the Week, posted December 5, 2003
Over a 20 year period, the largest and smallest 100 stocks in the S&P 500 have very similar performance, even though the smallest have strongly outperformed the largest in 2003.
MarketView Chart of the Week, posted November 28, 2003
Inflation for medical care and services has been higher than overall inflation in nine out of ten years. The new prescription drug benefit, slated to take effect in 2006, will cover about 75% of drug costs up to $2,250 a year.
MarketView Chart of the Week, posted November 21, 2003
The latest sentiment poll indicates that more investment advisers are bullish (believing the market will rise) than bearish (believing the market will fall). Investors Intelligence believes risk is very high at this time and that this bull market is short-term in the midst of a long-term bear market.
MarketView Chart of the Week, posted November 14, 2003
Imports of goods and services exceeded exports in September, resulting in a U.S. trade deficit of $41.3 billion. This $1.8 billion increase from August brought the rolling total for the quarter to over $120 billion. However, the third quarter trade deficit is the first 3-month period decrease in the deficit since the fourth quarter of 2001.
MarketView Chart of the Week, posted November 7, 2003
The U.S. economy received another jolt of good news this week with an unexpected report of lower initial jobless claims. The U.S. Labor Department, who releases this index, is not completely optimistic about future employment indicators but this low report was also not anticipated.
MarketView Chart of the Week, posted October 31, 2003
The U.S. economy reportedly grew in the third quarter at its fastest pace since the first quarter of 1984. However, the labor market continues to struggle to provide a real ’spark’ to the recent economic recovery.
MarketView Chart of the Week, posted October 24, 2003
Agricultural prices have risen sharply since September of 2002 as a result of increased export demand for corn, grain and beef. Historically, an increase in food prices lags the agricultural price change by several months.
MarketView Chart of the Week, posted October 17, 2003
So far in 2003 the slowly improving economy has helped fuel a stock market recovery that has been better than expected. Also benefiting is the employment picture.
MarketView Chart of the Week, posted October 10, 2003
For much of the past two years large growth and large value stocks have traded in a tight range with neither substantially outperforming the other. This convergence of returns shows that both styles of stocks are benefiting from the present recovery.
MarketView Chart of the Week, posted October 3, 2003
Historically the months of September and October have been the most unkind months for investors in the stock market. So far this year is setting up to be better than average.
MarketView Chart of the Week, posted September 19, 2003
The Conference Board’s Index of Leading Economic Indicators posted a fifth consecutive gain in August. Only four of the ten indicators improved from August levels; however, increases in two of the three most heavily weighted components helped propel the index higher.
MarketView Chart of the Week, posted September 12, 2003
The Institute for Supply Management manufacturing index report for August exceeded expectations. Unfortunately, in the recent past gains proved unsustainable and the index retreated to lower levels.
MarketView Chart of the Week, posted September 5, 2003
The recent price of gold has reached a seven year high. The limited supply and universal acceptance of gold makes it an attractive investment worldwide when economic uncertainty exists.
MarketView Chart of the Week, posted August 29, 2003
An unexpected combination of recent events has led gasoline prices markedly higher over the past few weeks. Many are left wondering why gasoline prices are so out of sync with oil prices.
MarketView Chart of the Week, posted August 22, 2003
The present rally in U.S. equity markets has coincided with a general weakness in the dollar versus other foreign currencies. Now, with the dollar again strengthening, fears are rising that the improved sales, revenue, and profit figures will be unsustainable.
MarketView Chart of the Week, posted August 8, 2003
The 10-year Treasury Note has seen a recent dramatic increase in its yield. The Note’s yield has seen spikes similar to this one in the past and has historically corrected itself.
MarketView Chart of the Week, posted August 1, 2003
GDP measures the total production and consumption of goods and services in the U.S. The preliminary figure for the quarter suggests that actual growth came in at 2.4%, instead of the estimated 1.4%.
MarketView Chart of the Week, posted July 24, 2003
Through June 2003 (nineteen months after the end of the recession) we have not seen the job creation normally expected in an economic recovery. The unemployment rate has actually increased.
MarketView Chart of the Week, posted July 18, 2003
The National Bureau of Economic Research (NBER) publicly announced on Thursday July 17 that the recession beginning in March 2001 officially ended only eight months later in November 2001.
MarketView Chart of the Week, posted July 11, 2003
The Institute for Supply Management manufacturing index report for June was below expectations. However, the June report does give cause for optimism as it continues the recent upward trend and appears to be on the verge of signaling expansion.