Q1 GDP Revised Up to 0.8% Annual Rate

From the BEA: Gross Domestic Product: First Quarter 2015 (Second Estimate)Real gross domestic product -- the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 0.8 percent in the first… Read More..

Meeting the Challenge of Secondary Frustration

One of the most common emotional challenges faced by traders is frustration.  Frustration can cause us to lose our focus.  It can lead us to make rash, impulsive decisions.  Little wonder that traders hope to trade in a zen mode, completely emotion free.As long as we care about trading outcomes, however, there can be no… Read More

Schedule for Week of May 29, 2016

The key report this week is the May employment report on Friday.Other key indicators include May vehicle sales, the May ISM manufacturing and non-manufacturing indexes, and the April trade deficit.----- Monday, May 30th -----All US markets will be closed in observance of Memorial Day. ----- Tuesday, May 31st -----8:30 AM ET: Personal Income and Outlays… Read More

May 2016: Unofficial Problem Bank list declines to 205 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for May 2016. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for May 2016. During the month, the list fell from 214 institutions to 205 after 12 removals and three additions. Assets… Read More

Just the Facts

The SP500 jumped 2.3% (up 2.7% y-t-d), and the Dow gained 2.1% (up 2.6%). The Utilities increased 1.0% (up 11.7%). The Banks jumped 3.2% (down 2.8%), and the Broker/Dealers surged 4.5% (down 5.8%). The Transports ... Recent Commentaries | Safehaven.com… Read More

Lawler: Sustained Regional Home Price Declines Were Not That Uncommon from the Mid-80’s to the Mid-90’s

From housing economist Tom Lawler: Sustained Regional Home Price Declines Were Not That Uncommon from the Mid-80’s to the Mid-90’sDuring any 5-year period that including any part the late 70’s there were virtually no areas that experienced a drop in home prices. That isn’t too surprising given the high inflation rate/nominal income growth rate of… Read More

Fannie Mae and Freddie Mac: Mortgage Serious Delinquency rates declined in April

Freddie Mac reported that the Single-Family serious delinquency rate decreased in April to 1.15% from 1.20% in March.  Freddie's rate is down from 1.66% in April 2015. This is the lowest rate since August 2008.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more… Read More

Consumer Sentiment at 94.7

Click on graph for larger image.The University of Michigan consumer sentiment index for May was at 94.7, down from the preliminary reading of 95.8, and up from 89.0 in April: "Consumers were a bit less optimistic in late May than earlier in the month, but sentiment was still substantially higher than last month. Indeed, there… Read More

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