Written by Gary
US markets closed higher for the second day, but traded all morning and afternoon in a narrow band that was mostly sideways. The DOW closed up 145 points and the Spooze closed up at 2091, just short of the 2100 resistance. Crude settled in the trading pit in the mid to high 49, just unable to pierce the $50 resistance barrier. Short-term indicators remain moderately bullish, but the SP500 has to pierce the 2100 level to have this bull rally continue.
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from the Federal Reserve
American families overall reported continued mild improvement in their financial well-being in 2015 although many families were struggling financially and felt excluded from economic advancement, according to the Federal Reserve Board's latest Report on the Economic Well-Being of U.S. Households.
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What innovations and improvements are coming from US Census?
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from The Conversation
-- this post authored by Catherine Gegout, University of Nottingham
David Cameron warned in a major foreign policy speech on May 9 that peace and stability cannot be assured in Europe if the UK leaves the European Union. The prime minister is right: the EU is a guarantee for peace in Europe.
Written by Gary
US markets up almost one percentage point from the opening bell and have been trading in a narrow band since 10 am for the second straight session after logging their best daily gains in nearly three months. Crude is volatile and remains just below the $50 resistance, the US dollar is trending, albeit slowly, down and gold futures are at risk of booking a sixth straight losing session as near-term sentiment for precious metals remains gloomy.
The year-over-year rate of growth of the US Coincident Index was unchanged from last month's level. A comparison of this US Coincident Index with the Aruoba-Diebold-Scotti business conditions index, Conference Board Coincident Index, ECRI's Coincident Index, and the Chicago Fed National Activity Index follows.