Wed, 5 September 2018
With the economy zooming along at 4% plus growth, the natural inclination is to wonder how much longer this can continue. Andrew believes for quite a while. First, the corporate/individual tax cuts are giving a definite boost to the economy. And it's not just stock buybacks. Companies are beginning to reinvest in their core operations, which is good for everyone. Andrew believes that one of the major drivers for next year will be the modified trade deals that the President is working on now. That will lead to more jobs and more tax revenue. There's enough momentum to take the economy ahead for the foreseeable future, nay sayers and haters aside. |
Wed, 5 September 2018
Millennials ages 25-34 have $42,000 in debt, and most of it isn’t from student loans |
Wed, 5 September 2018
Major US stock markets continued their upward trajectory with DJIA up 2.2%, S&P 3.1, NASDAQ 5.7% and Russell 2000 up 4.2% to record levels. Emerging markets were down again 3.0%. TSX down 1% and TSX-V defied gravity going up 2.7%. Bitcoin the always volatile digital currency after going up 21.5% last month was down 5.7%. Gold was down another 2.0% and Silver was off another 6.5% for the month. Pt down 6.2% and Pd was up 5.1%. Copper was down another 3.4%. Energy was up for the month, with WTI up 1.7% and Brent up 4.3%. Natgas canceled last month's loss, up 5.0%. Uranium was up again showing a 2.6% gain after continued producer cutbacks. Currencies saw the Greenback rise .6% and the Euro down .8% for the month. Rate on the 10 year T Bond fell back to 2.86%. Till next month! |