U.S. mortgage demand to buy homes hits six-month low: MBA
http://www.reuters.com/article/us-usa-economy-mortgages-idUSKCN10S18F
Required Reading
Zimbabwean police fire tear gas, water cannon to disperse protest Dollar edges lower after Fed minutes disappoint bets on hawkish tone St. Louis Fed’s Bullard says timing of next hike not that important Trump shakes up White House campaign team, hires ‘street fighter’ UK labor market shows little sign of immediate Brexit hit Target cuts…
The Closing Look
On Tuesday, the market ended lower after the Yen rallied sharply overnight. The Yen is considered a risk-off asset class and tends to do well when stocks (risk-on) fall. Economic data was light. The Consumer Price Index (CPI) was unchanged which matched estimates and continues to show inflation remains a non-event right now. Elsewhere, housing…
Listen to Tuesday’s Investor’s Edge Radio Show
Listen to Tuesday’s Investor’s Edge Radio show: 8.16.2016 Click Here To Listen: https://archives.warpradio.com/btr/investorsedge/081618.mp3
The Morning Look
Market Update: Stock futures are mixed to slightly lower ahead of Wednesday’s open as the market continues pulling back from record highs. Gary’s Thoughts: You mean retail actually goes down on bad numbers…TGT,LOW hit…but PLCE,URBN up nicely. Economic Data: Bank Reserve Settlement MBA Mortgage Applications 7:00 AM ET Atlanta Fed Business Inflation Expectations 10:00 AM ET EIA Petroleum Status…
Fmr. SEC Chair Pitt Rips Fed Over Economy @FoxBusiness
http://www.foxbusiness.com/markets/2016/08/16/fmr-sec-chair-pitt-rips-fed-says-low-rates-are-bad-for-economy.html
Google Takes Aim at Apple’s FaceTime
http://www.bloomberg.com/news/articles/2016-08-16/google-debuts-new-chat-app-to-rival-skype-facetime
Ford Aims to Offer Fully Autonomous Ride-Sharing Car by 2021
http://www.bloomberg.com/news/articles/2016-08-16/ford-aims-to-offer-fully-autonomous-ride-sharing-vehicle-by-2021
Dick’s Deciding How to Use the Sports Authority Name @FoxBusiness
http://www.foxbusiness.com/markets/2016/08/16/dicks-deciding-how-to-use-sports-authority-name.html