Macro Economic Weekly Views
On another site I own, SellTheta.com, I’ve made several posts about InvestmentHouse.com and their weekend newsletter. I wanted to bring it to this user base, since I talk about investments, retirement and the economy on this site, as well. The newsletter does a great job of giving you a debrief of the previous weeks action and economics, as well as a glimpse in the future. I also enjoy their occassional rants on economic policy from the governments and how they are counter-productive. Those have settled down since Trump became president, as most economists are agreeing with the course of the President’s policies.
Each weekend, usually sometime on Sunday morning, they send an e-mail, or you can go to the page: http://www.investmenthouse.com/frblog.php and read up. I usually read the summary closely, News/Economy, the bulls vs. bears (An Indicator of Money Flow & Buyers), and Monday’s sections pretty closely. Since I watch the market during the week, I really don’t need to know the action. If you are a long term investor, this would be the one newsletter I use to catch up. For more active investors, this is probably the only newsletter you need to get a handle on the long-term economics of our markets.
Below is a small sample of a weekend newsletter:
– The tax reform dance: market drops, rallies based upon a few senators
– Stocks surge back with even NASDAQ punching a new high ticket
– FAANG trying to rejoin leadership, small caps as well
– Economic data back and forth but trending higher ahead of a very busy data week.
– Rally toward yearend may have just caught on for all indices.
– Just when you thought the tax cut news was all baked into the market you get a couple of ‘no’ votes crossing over to ‘yes,’ even Korker’s, and you get a
market recovery, indeed, surge. Thursday RUTX and SP400 sold off on renewed worries the bill would fail when Marco Rubio and Mike Lee were said to be a
‘no’ and a ‘leaning no.’
On a week of back and forth economic news the market showed a lot of back
and forth itself, but the major indices did not give up their trends.
Bulls and Bears: Pretty large drop though still easily over 60 for the
bulls. That is still in the overly optimistic range and of course the surge
Friday will bring them around again to the upside. This is a warning
indication, but not a great timing device.
Bulls: 61.9 versus 64.2
Bears: 15.2 versus 15.1
Fed hiked rates as expected, has a gentle upward slope as expected, lots
more data to come in the week ahead: Housing starts, Existing Home Sales,
GDP third, Philly Fed, Leading indicators, Personal income and spending,
Durable Goods Orders, New Homes, Michigan Sentiment. A veritable data dump.
Overall the economic data is up and down but trending up.
For the last complete InvestmentHouse.com Newsletter, head over to their website and sign up for their free newsletter: Investmenthouse.com