by Ashley Harris | Nov 8, 2018 | Blog
Today, 49% of firms in the S&P 500 are rated as “buy”, 45% are rated as “hold” and just 6% are rated as “sell”. This is a travesty! This past year, despite being a good one for equities, 30% of S&P 500 companies yielded...
by Ashley Harris | Nov 8, 2018 | Blog
In 2015, the percentage of those 18 to 34 living with their parents was 39.5%, the highest level since 1940 when it was 40.9%. Of course, 1940 was one year removed from the end of the Depression. The rate then fell to an all-time low of 24.1% in 1960 and has slowly...
by Ashley Harris | Nov 8, 2018 | Blog
With unemployment very low at 4.7%, substantial fiscal stimulus will simply drive up wages and inflation, forcing the Fed to increase rates prematurely. Thus, Trump and Congress should focus on expanding the economy’s productive capacity, not increasing...
by Ashley Harris | Nov 8, 2018 | Blog
Last week the number of oil rigs operating in the US hit 566, up 15 from the prior week and an additional 29 from the week before that. The increase of 29 rigs was the largest increase in nearly four years. The oil-rig count is now at its highest level since 11/15. At...
by Ashley Harris | Nov 8, 2018 | Blog
Yesterday the 10 yr note finally made a nice move lower taking MBS prices up 33 bps and the yield on the 10 down 5 bps to 2.45% after another attempt to push the yield over 2.50% on Wednesday failed. On Wednesday, economic reports, particularly the Jan CPI increased...
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