"Travel on all roads and streets changed by -0.1% (-0.2 billion vehicle miles) for February 2018 as compared with February 2017. Travel for the month is estimated to be 226.7 billion vehicle miles." The 12-month moving average was unchanged month-over-month and 1.1% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) is down 0.06% month-over-month and unchanged year-over-year.
Market volatility does exist! After a year of all-time low volatility and booming stock and bond markets, investors received a wake-up call in February when equity indexes around the globe sold off by as much as 10% in a matter of days.
Rieder and Brownback discuss how cyclical turning points result in market friction, even with solid growth, presenting the Fed with two potential paths.
This is the fourth of a five-part series presenting 50 dividend growth stocks that I have screened for current fair value. With this article, I will be covering 10 additional dividend growth research candidates with moderate to higher yields...
In a storm, you want to be able to reach higher ground. Recent market volatility – sparked by concerns over interest rates, inflation, global trade, the tech sector and more – has many investors shifting toward more defensive portfolio positions.
There’s been a lot of discussion in the fixed income world about the end of the London Interbank Offered Rate (LIBOR) and what might replace it. But what hasn’t been as widely discussed is an important consequence for investors in this space: changes to LIBOR language in new-issue and amended credit agreements—particularly how these changes are implemented.
Nearly nine years into the current economic expansion Federal Reserve policy actions appear to be benign, as even after six increases, the federal funds rate remains less than 2%. Changes in the reserve, monetary and credit aggregates, which have always been the most important Fed levers both theoretically and empirically, indicate however that central bank policy has turned highly restrictive.
The latest Conference Board Leading Economic Index (LEI) for March increased to 109.0 from 108.7 in February. The Coincident Economic Index (CEI) came in at 103.4, up from the previous month.
This morning's seasonally adjusted 232K new claims, down 1K from the previous week's figure, was slightly above the Investing.com forecast of 230K. From the release: "The claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal."
The latest Manufacturing Index came in at 23.2, up from last month's 22.3 and has been positive for twenty-three consecutive months. The 3-month moving average came in at 23.8, up from 23.4 last month. Since this is a diffusion index, negative readings indicate contraction, positive ones indicate expansion. The Six-Month Outlook came in at 47.9, an increase from the previous month's 41.2. Today's 23.2 headline number came in above the 20.8 forecast at Investing.com.