"It's The Inverse Of Keynes" - Earnings Season Was Very, Very Bad
Authored by Jeffrey Snider via Alhambra Investment Partners,
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The Sad State Of America's Infrastructure In One Infographic
Every year, Americans spend a combined 600,000 years stuck in traffic, and Visual Capitalist's Jeff Desjardins notes, if you’re thinking that time could be spent a little more productively, you’re not the only one.
Wall Street Explains What Today's Failure To Repeal Obamacare Means For Markets
Following today's Republican fiasco, where the GOP was unable to gather enough votes to even repeal Obamacare in the House (let alone the Senate) forcing the Republican party to withdraw their healthcare bill, stocks suddenly spiked - if only briefly - on expectations today's bad news is actually good news for Trump's tax reform. As we explained moments ago, that will unlikely be the case far various reasons. But what do others think?
Below, courtesy of Reuters, is a breakdown of select sellside analyst reactions to today's events:
Over Half Of American Cities Are Now Dominated By Renters
During his 1928 election campaign, President Herbert Hoover defined the 'American Dream' as "a chicken in every pot and a car in every garage." And while the chickens and cars (courtesy of a massive subprime auto loan bubble) don't seem to be much of a problem these days, for Americans in over half of the largest cities in the country, owning a home is.
Weekend Reading: Lack Of Perspective
Authored by Lance Roberts via RealInvestmentAdvice.com,
In this past weekend’s missive I wrote:
“Speaking of low volatility, the market has now gone 108-trading days without a drop of 1% for both the Dow and the S&P 500. This is the longest stretch since September of 1993 for the Dow and December of 1995 for the S&P 500.