LEIBOVIT VR NEWSLETTERS – MONDAY – AUGUST 19, 2024 – RECOVERY RALLY MAY BE LOSING STEAM
https://www.howestreet.com/2024/08/gold-oil-interest-rates-recession-war-mark-leibovit-john-rubino-ross-clark-this-week-in-money/
FULL MOON ABOVE – LIKELY TRADING OR OTHER TOP IN THE MAKING
~ Ayn Rand
After the unoriginal Vice President Kamala Harris stole former President Trump’s proposed ‘no tax on tips’ policy, she’s at it again with yet another recycled idea. This time, she’s echoing President Biden’s actions and rhetoric to crack down on sky-high food prices by proposing the first-ever federal ban on “corporate price-gouging in the food and grocery industries”—a move that reeks of socialism.
The strength that has emerged on Wall Street may have reflected recent upward momentum, with the major averages extending the upward trend seen over the past several sessions.
The Nasdaq and the S&P 500 closed higher for the seventh consecutive session and more than offset the steep drop seen early […]
LEIBOVIT VR NEWSLETTERS – FRIDAY – AUGUST 16, 2024
https://www.howestreet.com/2024/08/us-industrial-production-drop-a-concern-mark-leibovit/
NEXT PODCAST THIS WEEKEND
Upbeat Retail Sales Data Contributes To Rally On Wall Street
After trending higher over the past several sessions, stocks showed another significant move to the upside during trading on Thursday. The major averages
all posted strong gains, with the Nasdaq and the S&P 500 extending their winning streaks to six days.
The major averages pulled back off their best levels going into the close but remained sharply higher. The Nasdaq soared 401.89 points or 2.3 percent to
17,594.50, the S&P 500 surged 88.01 points or 1.6 percent to 5,543.22 and the Dow jumped 554.67 points or 1.4 percent to 40,563.06.
The rally on Wall Street came as the Commerce Department released a report showing much stronger than expected retail sales growth in July, easing concerns
about the economic outlook.
The Commerce Department said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June.
Economists had expected retail sales to rise by 0.3 percent compared to the unchanged reading originally reported for the previous month.
Excluding a surge in sales by motor vehicle and parts dealers, retail sales still rose by 0.4 percent in July […]
