Opinions Uncensored

Weekly Initial Unemployment Claims decrease to 268,000

The DOL reported:In the week ending May 21, the advance figure for seasonally adjusted initial claims was 268,000, a decrease of 10,000 from the previous week's unrevised level of 278,000. The 4-week moving average was 278,500, an increase of 2,750 from the previous week's unrevised average of...

Thursday: Unemployment Claims, Durable Goods, Pending Home Sales

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 275 thousand initial claims, down from 278 thousand the previous week.• Also at 8:30 AM, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.3% increase in...

Vehicle Sales Forecasts: Sales to be Over 17 Million SAAR in May

The automakers will report May vehicle sales on Wednesday, June 1st.Note:  There were 24 selling days in May, down from 26 in May 2015.From WardsAuto: May Forecast Calls for Improved Sales, Days’ Supply WardsAuto forecast calls for U.S. automakers to deliver 1.52 million light vehicles in May...

Why Is the S&P 500 Approaching All-Time Highs?

Greece is back in the news. There’s a devastating recession in oil. Emerging market turmoil is widespread. The Fed is worried about global growth so much that they won’t raise rates. Earnings are declining. According to our Presidential candidates the economy stinks and America...

Friday: GDP, Yellen

A few excerpts from a research piece by Ethan Harris at Merrill Lynch: Fed Watch: June, July or September? It is now clear that June is very much on the table. What is less clear is whether the Fed is just protesting the super-low probability priced into the markets or is setting us up for a...