Contrary to the warnings of some political analysts, even after the recent debacle in Canada, the G7 can and will play a role – albeit a less important one – on the global stage. But that does not mean that the summit's failure was cost-free.
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for May new residential housing starts. The latest reading of 1.350M was above the Investing.com forecast of 1.310M and an increase from the previous month's revised 1.286M. March figures were also revised.
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for May new residential building permits. The latest reading of 1.301M was a decrease from 1.346M in April and below the Investing.com forecast of 1.350M.
Greg Silberman explains his take on the life cycle of private investments.
This memo covers three ways in which securities markets seem to be moving toward reducing the role of people: (a) index investing and other forms of passive investing, (b) quantitative and algorithmic investing, and © artificial intelligence and machine learning.
It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular was up a penny and Premium was down less than a cent, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.72 and San Francisco, CA is the most expensive city, averaging $3.79. Mississippi has the cheapest at $2.54. The WTIC end of day spot price closed at 68.06, a 7.8% decrease from this time last week.
Three of eight indexes on our world watch list have posted gains through Monday, July 16, 2018. The top performer this year is India's BSE SENSEX with a gain of 7.43%. In second is our own S&P 500 with a gain of 4.67%. In third is France's CAC 40 with a gain of 1.82%. Coming in last is Shanghai's SSE with a loss of 14.91%.
Energy equities have underperformed the S&P 500 materially over the last five years. While spot oil prices have risen significantly over the last twelve months, longer dated oil prices have not, and energy equities have remained under pressure.
We've always been skeptical that bond yields carry deep meaning about the future. Low Treasury bond yields in recent years were said to be a signal of slower growth, or possibly a recession, ahead. And the bond world said stocks were over-valued.
Small caps have materially outperformed large caps in 2018, with the S&P SmallCap 600 Index outpacing the S&P 500 Index 7.80% to 2.58% between Dec. 29, 2017, and May 25, 2018. Below, I highlight the drivers of small-cap returns this year, and why I believe the trend could continue.