For the longest time we have made the case that Wall Street is ready for a rate hike but Main Street is not. The following chart, courtesy of our friends at Reuters/Eikon, shows how the S&P 500 has surged since 2009 but GDP has yet to “take-off.”
9 Countries And Their Tumultuous Experiences With Deleveraging AUG. 27, 2013, 12:47 PM As China engages with its credit problem, Morgan Stanley’s Jonathan Garner asks in a new note, “Can China achieve a ‘beautiful’ deleveraging?””This phrase was first coined – by Ray Dalio of Bridgewater Associates – to describe a process whereby a country brings…
Katie Couric spent nearly ninety minutes interviewing Vicki Kennedy and son Ted Kennedy Jr. in what appeared to be a sold out auditorium. Vicki and Ted Jr. spoke about the late Senator and reflected on his personal as well as public life and legacy. Sen Kennedy represented Massachusetts in the United States Senate for forty-seven years, and has been called the greatest and most influential senator in history. In 2004 he began interviews at the Miller Center of the University of Virginia for an oral history project about his life. Drawing from fifty years of contemporaneous notes from his personal diaries, he wrote his best-selling memoir, True Compass, a New York Times bestseller.
Want To Buy Leading Stocks….EARLY? Single Stock Ideas… Starting at Only $19/month Advanced Report…. Starting at Only $97/Month By Adam Sarhan 6/5/15 The Fed’s Dual Mandate: We want to begin by saying anything is possible but, when making investment decisions, we look for what is probable. After all was said and done, the latest round…
By Adam Sarhan Major Disconnect Between Wall Street & Main Street We have argued for a long time that there is a major disconnect between Wall Street and Main Street. Since the March 2009 bottom, Wall Street has enjoyed very strong gains for one simple reason: #EasyMoney from the Fed and every other major central…
Good: Initial jobless claims plunged to 255k, easily beating estimates for 279k and hit the lowest level in decades Leading Indicators rose by +0.6% in June, beating estimates for +0.2% gain The Manufacturing PMI Flash index rose to 53.8, beating estimates for 53.7 The Chicago Fed National Activity Index rose to 0.08, beating estimates for…
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