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This 'Markets In Turmoil' Indicator Has Worked 100% Of The Time: Here's What Traders Need To Know
Friday, May 6, 2022 - 3:41pm | 393It's been a rough year for stock investors, with the S&P 500 ETF Trust (NYSE: SPY) now down 14% year-to-date. One unconventional indicator with a 100% track record of success suggests investors should be buying the recent market dip. Contrarian Indicator: Charlie Bilello, founder and CEO of...
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US Retail Sales At All-Time Highs, But Consumer Sentiment Hits 10-Year Low
Wednesday, November 17, 2021 - 1:31pm | 471Investors reacted positively to a strong U.S. retail sales report on Tuesday, but there has been a historic divergence between consumer sentiment and consumer behavior. The Numbers: On Tuesday, the Commerce Department reported U.S. retail sales grew 1.7% in October, ahead of analyst estimates of 1....
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Unemployment Falls For 17th Consecutive Month
Thursday, August 19, 2021 - 3:58pm | 411Unemployment claims continue to drop. That’s the storyline that has persisted for almost a year and a half since close to the start of the COVID-19 pandemic in the U.S. in March 2020. What Happened: Seasonally adjusted unemployment insurance claims fell by 29,000 to 348,000 over the...