Investors Are Piling Into Safe Havens on Coronavirus Fears
Gold mining stocks have broken out, with several hitting new 52-week highs this week. Gold royalty and streaming companies, including Franco-Nevada and Wheaton Precious Metals, also hit fresh 52-week highs.
Why Americans Want Socialism
I don’t believe they really want socialism. Few even understand what it is. What they want is change. They see little hope for improvement in their situations, no matter how hard they work and sacrifice. They don’t see anyone in authority trying to help them. So, when someone offers what sound like easy answers, they jump aboard.
Changes to the Market Forecast
The Lazard Multi-Asset team details their views over the next six to 12 months. While the United States-China Phase 1 trade agreement and the United Kingdom’s exit from the European Union have reduced near-term uncertainty and improved sentiment, the coronavirus outbreak in China could have a noticeable negative effect on global economic activity.
Secular Trends in Residential Building Permits and Housing Starts
Over the long haul the two series offer a compelling study of trends in residential real estate. Here is an overlay of the two series since the 1959 inception of the Starts data and the Permits data, which began being tracked a year later.
Five Reasons to Consider Investing in Small-Cap Value Stocks
Many investors overlook lesser-known smaller companies in favor of well-known behemoths, but there are some mighty values in small-capitalization (cap) stocks, according to Franklin Small Cap Value Fund Portfolio Manager Steve Ranieri. He outlines five things for investors to consider.
Existing-Home Sales Declined in January
This morning's release of the January Existing-Home Sales fell to a seasonally adjusted annual rate of 5.46 million units from the previous month's revised 5.53 million. The Investing.com consensus was for 5.43 million. The latest number represents a 1.3% decrease from the previous month and a 9.6% increase year-over-year.
Philly Fed Manufacturing Index: Improvement in February
The latest Manufacturing Index came in at 36.7, up 19.7 from last month's 17.0. The 3-month moving average came in at 18.7, up from 9.4 last month. Since this is a diffusion index, negative readings indicate contraction, positive ones indicate expansion. The Six-Month Outlook came in at 45.4, up from the previous month's 38.4.
January Producer Price Index: Core Final Demand Up 0.5% MoM
Today's release of the January Producer Price Index (PPI) for Final Demand was up 0.5% month-over-month seasonally adjusted, up from a 0.2% increase last month. It is at 2.1% year-over-year, up from 1.3% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.5% MoM, up from 0.1% the previous month and is up 1.7% YoY NSA. Investing.com MoM consensus forecasts were for 0.1% headline and 0.1% core.
The Coronavirus and Emerging Markets: Ready for a Rebound?
As a recovery in global manufacturing began to take hold in the fourth quarter of last year, commodity prices rose dramatically. Yet, emerging market (EM) stocks failed to see the similarly strong outperformance of U.S. stocks that typically accompanies rising commodity prices.