Gold Will Need These Catalysts for Long-Term Growth
A weaker dollar is not the ingredient for a gold rally.
A weaker dollar is not the ingredient for a gold rally.
U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, the clearest signs that the economy was so far weathering the Trump administration’s escalating trade war with China.
A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.
Emerging-market stocks briefly fell into bear-market territory on Thursday amid tighter U.S. monetary policy, worries about global trade and economic meltdowns in Argentina and Turkey.
The Federal Reserve should continue to raise rates at a gradual pace should the U.S. economy continue to do well, Boston Fed President Eric Rosengren said Friday.
Long-awaited wage growth posted its biggest increase of the economic recovery in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday.
In an interview, Jim Cramer, Houzz co-founder and CEO Adi Tatarko said that the trends her company’s market research department have been tracking in the space were “actually unbelievable.”
U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but growing concerns over rising raw material costs as a result of import tariffs could restrain further growth.
Things are fairly quiet to start the post-Labor Day session, with the e-minis trading slightly lower (and off their highs by ~14 handles) and European stocks trending lower throughout the session. The focus remains on China tariff implementation and the new Nafta pact, though no major developments occurred on either front over the holiday weekend aside from some posturing on social media.
Tilly’s Inc. (TLYS) traded on unusually high volume on Sep. 04, as the stock gained 6.89% to close at $25.14. On the day, Tilly’s Inc. saw 1.32 million shares trade hands on 8,913 trades. Considering that the stock averages only a daily volume of 318,846 shares a day over the last month, this represents a pretty significant bump in volume over the norm.