top of page

Market Update

“You work hard for your money. We’ll work hard to protect it.”

Market Direction Is Important –

Updated Chart of the S&P 500 and Secondary Signals

Of our Four secondary indicators under our MTI:

  1. Relative Strength Index (RSI)-Negative

  2. Chaikin Money Flow (CMF)-Negative

  3. MACD- Positive

  4. Money Flow Index-MFI-Positive

More on the Market and the Economy:

Stocks posted a weekly loss on Friday as negotiations between Greece and its creditors failed to produce a resolution. The S&P 500 ended the week down .4%, while bond prices fell, pushing the ten-year yield to the highest since last September, as much of the economic data that came out over the week was positive.

Source: dshort.com

This week data will be released on pending home sales, manufacturing, construction spending, job cuts, consumer confidence and the jobs report.

State governments lightened up on borrowing for the first time in 28 years, according to Moody’s. The overall level of state borrowing fell 1.2% last year to $509.6 billion, and borrowing may continue to slow: “States continue to be reluctant to take on new debt with tight operating budgets, a slow economic recovery, and uncertainty over federal fiscal policy. We expect debt levels to remain stable or even decline again in 2015”.

Over the past year, overseas buyers snapped up over $100 billion in US real estate, according to the National Association of Realtors. From April 2014 through March 2015, foreign buyers purchased $104 billion in US residential real estate, accounting for 8% of existing home sales dollar volume.

Source: National Association of Realtors

Five countries accounted for 51% of foreign purchases: China, Canada, Mexico, India and the United Kingdom. Among foreign buyers, 46% plan to use the property as their primary residence, while 20% plan to rent and 15% plan to use their property as a vacation home.

Source: National Association of Realtors

According to Pew Research, 84% of adult Americans use the internet. Back in 2000, 70% of young adults used the internet – that is figure has risen to near saturation at 96%. In 2000, 14% of seniors used the internet – today its 58%.

Radio is still a mass media platform, and it outdid TV in terms of weekly reach in the first quarter. According to Nielsen’s Total Audience Report, in the first quarter an average 223 million Americans aged 18 and over tuned into the radio at least once a week, accounting for close to 93% of the adult population. TV scored a weekly reach of 87%. While TV ran second on weekly reach, it came in first on usage, as American adults spent an average 36 hours per week watching.

Comments


bottom of page