Investing and Global Finance News

Tag Archives: U.S. Economy

Investing and Buying Stocks Today: Bruce Bittle and Jim Paulson

Wall Street recently posted six weeks of gains, encouraging a break amongst investors. The S&P has slid as a result.

Chief investment strategist Bruce Bittles recently discussed the situation in an interview. He explained:

“Following six straight weeks of gains for the S&P 500 and Dow industrials, stocks enter the new week in an overbought condition. Investor sentiment has turned more optimistic in recent weeks. This could be problematic, given that sentiment is approaching extreme optimism at a time when the seasonal headwinds begin to surface.”

Jim Paulsen of Wells Capital Management has a different outlook, predicting that the S&P will print 1,500 before 2013.

“We’re getting a lot of good reports- not just housing- but unemployment claims are falling, retail chain store sales are improving and we just got better confidence data.”

Referring to the U.S., he asks:

“Do you want to be out of the market at 13 times earnings with a sub 2% Treasury yield and when the economy is re-accelerating? That’s the big thing.”

Retail Spending Picks Up Over the Summer

For the first time in five months, retail spending in the U.S. has seen major improvement. Throughout July, retail spending increased in all sectors, including electronics, building supplies, garden equipment, furniture, sporting goods, apparel and more. According to the commerce department, retail sales increased 0.8% in total last month; the most significant rise since February.… Continue Reading

U.S. Economy Slowing Once Again

Despite hopeful outlooks and talks of growth, the U.S. economy is floundering. Winter activity was strong, but as the weather warmed, consumers cut back on their spending while export demand fell as well. Gas prices rose, while businesses minimized their employment plans and investments. The situation remains at a relative standstill as individuals and companies… Continue Reading

163,000 Jobs Added, But U.S. Economy Still Shaky

163,000 jobs were added in the United States this past month, a hopeful figure despite the creeping unemployment rates across the country. The largest climb since February, the development fuels the political debate about the nation’s economy. Mark Zandi of Moody’s Analytics said “I was relieved. After three months of very weak job growth, I… Continue Reading

2012 To See Little Growth, Poll Shows

A recent poll of hundreds of economists has revealed that the global economy will continue to struggle throughout 2012, but will begin to see significant growth by 2013. Though many expected 2012 to be a rough year, even experts believed the United States’ resilience would keep the economy above water. Numerous successful emerging markets contributed… Continue Reading

Should the U.S. Be Preparing for a Slump?

The U.S. economy’s recovery has been disappointing thus far, and recent data has foreshadowed a potential slump as the global situation worsens. Payroll averages have fallen since last year, while the Labor Department’s recent report reveals additional instability. Macroeconomics Advisers’ Joel Prakken explained: “The sharpness of the deceleration seems consistent with other incoming data suggesting… Continue Reading

U.S. Stocks Fall as China’s Economy Slows

 An unanticipated slowing of China’s economy resulted in one of the worst weeks for U.S. stocks this year. The top indexes all recorded losses, and Jim Sloan of Jim Sloan & Associates mentioned the link between the market and China’s news. Alan Skrainka of Cornerstone Wealth Management agreed, stating: “Everybody’s worried, and everybody’s unsure if… Continue Reading

U.S. Economy on the Rise

Feelings may be mixed but many believe the U.S. economy is finally scaling the cliff after its plunge several years ago. Meanwhile, recession still looms in Europe and China’s economy is beginning to slow. According to the Bloomberg Comfort index, U.S. consumer confidence has reached a four-year high as the job market improves, stock prices… Continue Reading

Chris Matthews on the Economy and Upcoming Elections

Chris Matthews of MSNBC's Hardball recently discussed the upcoming elections, Mitt Romney's organizational skills and the challenge he creates for the Obama Administration, and the economic issues still plaguing  the United States. Matthews described the election as "a very close, hot, race for the American presidency." Meanwhile, the economy is not 'steaming ahead,' unfortunately. The… Continue Reading

Rising Economy Boosts Obama Ratings in North Carolina

A recent Elon Poll has revealed that President Barack Obama is gaining support in North Carolina as economic optimism increases. Questions involving Obama and his policies gained higher approval rates since last year. For example, 28.5% of the participants showed support for Obama’s handling of the economy, up from 22.9% in November. Elon Poll’s John… Continue Reading