“The initial claims level increased to 329,000 for the week ending April 19…continuing claims level fell to 2.680 mln for the week ending April 12…In all likelihood, the low claims levels at the beginning of the month were a result of seasonal biases and not a change in layoff trends.” Story, charts and commentary at…
DURABLE GOODS BEATS EXPECATATIONS (Advisor Perspectives)
“New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion, the U.S. Census Bureau announced today. This increase, up two consecutive months, followed a 2.1 percent February increase. Excluding transportation, new orders increased 2.0 percent…[Doug’s comment:]…’In theory the durable goods orders series should be one of the more important indicators of the economy's health. But its volatility and susceptibility to major revisions of the previous monthly data suggest caution in taking the data for any particular month too seriously.’” Commentary at dshort.com at…
In the past, the return of the retail investor has been at the top.
VIX was UP about 0.5% to 13.34.
The yield on the 10-year Treasury Note remained 2.69% at the close.
I increased my stock allocation to 50% invested in stocks on 26 March because of the NTSM indicators turned positive Monday (24 Mar) at the close. I am watching closely to see if it is time to reduce my long-term stock holdings.