Key data releases this week include: PPI (Tue), CPI (Wed), retail sales (Wed), FOMC decision (Wed), housing starts (Thu), industrial production (Fri), and leading economic indicators (Fri).
Haver
March 10, 2017
Nonfarm payrolls increased 235,000 (1.7% y/y) during February. The gain followed a 238,000 January rise and a 155,000 December increase. These figures together were revised up by 9,000. Expectations had been for a 196,000 increase in the Action Economics Forecast Survey.
Bloomberg
March 7, 2017
Imports exceeded exports by $48.5 billion in January, marking the biggest trade deficit since March 2012, the US Commerce Department said. Imports increased 2.3% compared with December, while exports rose 0.6%.
South China Morning Post
March 7, 2017
Chinese policies to bring the hot property market under control haven't slowed land sales. Buyers paid 50 major cities 452.8 billion yuan in land auctions in January and February, up 73% compared with the same months in 2016, according to Centaline Property.
Nikkei Asian Review
March 8, 2017
Japan has upgraded its estimate for fourth-quarter GDP growth to an annualized 1.2% from 1% because of increased capital spending. Private-sector investment climbed to a three-year high.
Barron’s
March 13, 2017
There are signs that the stock market’s advance might be led by a shrinking herd. Big tech stocks are pushing records, but industrials and materials are further from recent peaks and the Russell 2000 is off 3.4%. The number of stocks plumbing fresh 52-week lows at the NYSE minus new highs swelled from about 11 on Tuesday to 68 on Thursday.
Barron’s
March 13, 2017
In the week that ended February 24, there were 188% more companies with open-market insider sales than purchases, a ratio not reached since December 2013, according to Insiderinsights.com.
Barron’s
March 13, 2017
Since 2009, investors have plowed $1.5 trillion into bond funds, compared with just $256 billion into stock funds. So it was telling when, last week, inflows into stock funds year to date surpassed inflows into bond funds.
Barron’s
March 13, 2017
As measured by multiples of underlying intrinsic business and economic values, such as replacement cost or cyclically normalized profit, stocks have gotten this expensive only 2% to 3% of the time in the annals of market history.
TheStreet.com
March 8, 2017
MLex
Tuesday, March 7, 2017
Banks originating large volumes of commercial real estate loans are assuming the kinds of risks that led lenders to collapse during the financial crisis, the Federal Deposit Insurance Corp. said in a report. In many cases, bank boards have failed to establish limits on lending and are not receiving information on the concentration of exposure, the report said.

Pages

Securities offered through American Portfolios Financial Services, Inc. (APFS) Member FINRA/SIPC. Investment Advisory Services offered through Ventura Wealth Management is not affiliated with APFS and APAI.Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc. (APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.