This bull is no record

Since March 9, 2009, the S&P 500 has gone more than 1,790 trading day without, a bear market, a decline of 20% percent or more, making it the second-longest bull market in history. It trails on the 3,100 trading day streak from Dec. 4, 1987, to March 24, 2000 (CNBC) New single-family home sales fell…

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Oil and gas prices up

U.S. stocks have been to the upside in three of the past four weeks. But are near the flat line this morning as we have another big week of earnings. More than 170 S&P 500 companies release quarterly results this week. (CNBC) Costco is raising prices. At least to be a member. An analyst predicts…

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Another health insurance provider bites the dust

As we look into the future the Leading Economic Index rose 0.2% in March to 123.4. That is the first increase in three months. The index is a barometer of economic health 6-12 months in the future. (CNBC) U.S. regulators will require the nation’s large banks to hold back executives’ bonus pay for four years….

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Shortage of homes for sale

I will have to learn some new people on our currency, but till 2020. The Treasury Department announced it will keep Alexander Hamilton on the $10 bill and replace President Andrew Jackson with Harriet Tubman on the $20. There will also be some changes to the $5 bill that will now depict civil rights era…

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Strong dollar impacts profits

The rally continues as the Dow and S&P 500 closed yesterday at highs for the year. U.S. housing starts hit a one-year low in March. New starts decreased 8.8% to an annual pace of 1.09 million units. Single-family starts fell in all four US geographic regions last month. Starts for multi-family units declined 7.9%. New…

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Homebuilder confidence still strong

The Dow posted its first close above 18,000 since July 20th last year and the best level of 2016 yesterday. U.S. home builders’ confidence held steady in April at 58. It has not changed in three months. Readings above 50 indicate more builders view sales conditions as good, rather than poor. The index had been…

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