by Arnold Joe
Loading ...Economics:
Stock markets in North America have been taking a beating recently especially the oil and gas sector. Oil has dropped about $10 in 2 days and oil stocks have sold off to much lower levels than when oil was last back at this level. It’s not just oil and gas stocks that are selling […]
Economics:
The US ISM (a manufacturing index) in May showed some slight improvement, but still showed the sector was contracting with a reading of 49.6 up from 48.6…any reading less than 50 indicates contraction. Not surprising, the employment sector had another weak reading of 45.5 and the prices paid component hit an 87% which is […]
I bought some more Nexen Inc (T-NXY, N-NXY) an oil and gas company at $39.40 after the International Energy Agency (IEA) said it plans on reducing the forecast of oil supplies after studying depletion rates on the world’s 400 biggest oil wells. Apparently the revisions (which represents an important change in methodology) to the […]
Economics:
Canada’s April inflation numbers increased to 0.8% for the month and 1.7% year over year. Canada reported food increased 0.8% in the month and energy prices increased 6.0% (this contrast to the US which strangely enough showed no change in energy prices). Although the year over year numbers are low relative to the other […]
Housing:
US Home builders must be feeling more confident about the housing markets as the number of housing starts in April increased 8.2% more than 100,000 than expected but still 30% below last April. All the gains were in the multiple unit dwellings. The housing permits also increased by 4.9%, the first increase in 5 […]
Economics:
There were lots of weak US economic numbers released today. Industrial production in April fell 0.7%, capacity utilization dropped to 79.7%, the Philly Fed index contracted again with another negative reading of 15.6, the New York Empire manufacturing index fell to negative 3 while the prices paid component posted a large increase to another record […]
Should North American investors be investing based on an economic environment that is recessionary or inflationary?
As mentioned previously, the US economy seems to be in a bull market as bad news (such as housing or employment stats) results in rising stock markets. If the market responds to bad news by pushing up the stock […]
