Market Commentary

The Fall Of Bonds

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The Bond market has been referred to as a leading indicator for stocks and this week bond prices have fallen hard with yields rising sharply. The cause was twofold, Japan said they would cut their form of QE, trimming their bond buying program, and there was a rumor that China is considering cutting back on […]

Market Commentary

Monthly Jobs Report

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This morning’s December Jobs Report stated we produced 148,000 new positions but that was much less than the month before and much less than expectations. The end of the year jobs numbers often are revised strongly up or down simply because of the seasonal hiring for the holidays. The previous two months numbers were revised […]

Market Commentary

Commodities

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For the second year in a row the broad commodities index has risen. Not nearly as much as the overall market, but after being left for dead it seems those companies that use, mine or sell commodities might finally get their chance at leading the stock market in 2018. The lack of inflation has been […]

Market Commentary

Home Property Values

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Every quarter the S&P/Case-Shiller National Home Price Index comes out. For the period ending in October it was up .7% from the previous quarter and year over year up 6.2%. Prices rose in more than half of the country led but San Francisco and Las Vegas. Builders are upbeat, supply is tight and prices are […]

Market Commentary

The Federal Income Tax

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A sweeping tax law change passed this week and it will have a major impact. For those states that have high property values thus high mortgages or states that have high state income taxes the law will affect them the most. There is a cap on the mortgage interest rate deduction of debt up to […]

Market Commentary

Existing Home Sales

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In November existing homes sales rose to 5.82 million according to the National Association of Realtors. That was the third straight monthly increase and the largest number since 2006. There is increasing demand with diminishing supply and despite the continued push up in prices, where the median price is now $248,000; there is an annual […]

Market Commentary

Happy Consumers

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The monthly Retail Sales Report was out on Thursday for November and it rose by twice the estimated amount at .8% from .5% the month before; if you remove the volatile auto sales it rose 1%. This was a very good number as retailers got a big boost from Black Friday sales. There was a […]

Market Commentary

U.S. November Budget

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Income and outgo at the Federal level at times can be very enlightening. In November the short fall was $139 billion dollars, and that was up 1% from a year ago. Spending rose 3% and revenue rose 4%. Also, income tax withholdings rose 6%. So the government is getting more money from peoples’ payroll.  Spending […]

Market Commentary

Jobs for November

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The monthly jobs report came out and the economy produced 228,000 new jobs; more than expected. The unemployment rate remained the same at 4.1%. This was the second month in a row of over 200,000 jobs, and it certainly cemented the idea that the Federal Reserve will be raising interest rates this month. It was […]