The New Year is quickly approaching and market analysts are wondering what will happen in 2011. Major sectors of the economy have begun to strengthen but overall employment is still low. The major indexes have had significant gains in the past few weeks and some market participants have stepped aside for the holidays. Will equities…
How Many People Gave Cash This Year? The holidays are here and gift giving is going around. This year has been a turnaround year of sorts for the economy and retailers are enjoying better sales numbers this holiday. Black Friday sales this year were up as well as Cyber Monday sales. Calculations from ShopperTrak and…
Bond funds losing inflows: New data shows gentlemen do not prefer bonds- at the moment. U.S. investors are leaving bond funds in large numbers looking for more risky assets. Shortly after the November elections, bonds became unattractive. The Fed’s QE2 program also has coaxed investors into buying U.S. equities for more attractive gains. The shift…
As the year comes to a close, analysts and market observers have begun making predictions about 2011. Speculation about the housing market, the return of the consumer and strength in the jobs market for the next year is on the rise. Many analysts, economists and investors have upgraded their forecasts for 2011. Forecasts for much…
The economy may be trending in the right direction and faster than previously expected. A report today showed the country’s gross domestic product rose over the summer. The Commerce Department reported today the U.S. gross domestic product rose 2.6 percent annually during July and September. This level of growth may not be enough to bring…
The S&P 500 touched upon the highest level in years and the NASDAQ approached 3 a year high today. The S&P 500 gained above “pre-Lehman” levels to 1,253.90 at 1:36 p.m. NYC. This was the highest trading level for the S&P since the Lehman Bankruptcy of September 12, 2008. Economic data has been trending positive…
ComScore Holiday 2010 Data: Online Retail Sales Up Online sales according to comScore have been above 2009 rates and internet retailers are taking advantage of the willingness of consumers to avoid long lines at stores. Data on the first 40 days shows that shopping increased by 28% on Thanksgiving Day which was a clear signal…
President Obama Signs Extension of Bush Tax Cuts for 2 Years President Barack Obama was joined by Republican and Democratic lawmakers this Friday to sign a bipartisan tax bill that will extend tax cuts at all income levels. The new tax extension keeps in place the tax cuts implemented by President George W. Bush for…
This Week: President Obama Meets with Business Leaders Earlier this week President Obama met with top CEO’s and business executives to discuss ways to improve employment and economic growth. After the meeting both the President and many who were at the meeting stated the talks were positive. This meeting may have helped relax views that…
