Investor Confidence Sends Stock Indexes to New Highs – Ep. 53

Investor Confidence Sends Stock Indexes to New Highs – Ep. 53



* Friday 13th was not unlucky for Wall Street
* S&P 500 traded to an all-time record high
* The Dow closed above 18,000
* NASDAQ at almost a 15-year high
* Despite overall trend of weak corporate earnings
* Weak economic data does not dampen Wall Street's spirits
* Central Banks are behind the surge with excess liquidity
* Wednesday - Mortgage Applications plunged 9%
* Purchases declined 7% following a 2% decline prior week
* 10% decline in Mortgage Refinances
* Jobless claims up 25,000 from prior week
* Biggest back-to-back decline in Retail Sales since October of 2009
* Consumer Confidence is down 2 weeks in a row
* Business Inventories rose by just .1% contrary to expectations
* Inventory to sales ratio highest since July 2009
* Huge drop in Consumer Sentiment
* Jobs number is a lagging indicator
* Part-time economy is a double-edged sword
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