Tactical Update
This week, one particular article sparked an intense internal dialogue about some of the global economic realities that have us concerned. The article is from Peking University’s Professor Michael Pettis. Prof. Pettis opines that Chinese citizens would rather save than spend and that Japan, who has recently run a current account deficit, would prefer to .. read more
Trend Watcher – 2012 Expectations
Joseph A. Gomez, Sr. Investment Advisor Will 2012 be a repeat of “Sell in May and Go Away”? Collectively, strategists are expecting the S&P 500 to finish 2012 at 1,350, which would be a gain of over 7%. HSBC has a year-end 2012 price target of 1,190 (down 5+%). Goldman Sachs is expecting the S&P 500 .. read more
Weekly Economic & Market Review
And so another year has passed into the history books – the older I get, the faster they seem to go – and investors must again try to position their portfolios for a profitable year. It hasn’t been easy to do the last few years and this year promises to be just as challenging. The .. read more
Weekly Chart Review: What’s hot, what’s not
What’s hot: Retail, Philadelphia Fed Survey, Construction, Free Trade What’s not: Technology, Casinos, Copper After a rough first day of the month, the S&P 500 is now on pace for its third best October performance on record. In terms of the economy, unlike recent weeks where the vast majority of economic reports came in better than expected, this .. read more
Housing Starts Up, Permits Down
Highlights September housing data appears in part to be coming off hurricane effects in August as starts jumped and permits eased back. But strength also appears to be more broad based than this effect. Housing starts in September rebounded a sharp 15.0 percent after declining 7.0 percent the month before. The September annualized pace of .. read more
