Gaining/Losing Leverage

Gaining/Losing Leverage

  For this week’s indicator, we look at margin debt and how we use it to measure market sentiment. Margin debt is a measure of the amount of stock market borrowing that investors are doing with their brokerage accounts. When there is an increase in margin debt,...
Market Mourning

Market Mourning

OVERVIEW   A relief rally hit Wall Street last week as all three major U.S. stock indices ended in the green. The S&P 500 rose 4.7%, up two of the past three weeks. Same with the Nasdaq Composite, which rose 5.2% for the week. And the Dow Jones Industrial...
Housing Halt

Housing Halt

  This week’s chart looks at mortgage rates and how their sharp rise this year has led mortgage applications to drop to their lowest level since 1997. Specifically, the top half of the chart shows the average rate for a 30-year fixed mortgage, going back to the...
Income Competition

Income Competition

  When it comes to generating income in retirement, an investor has two primary choices: stocks and bonds. A bond is straightforward; the income comes from the bond’s yield. On the other hand, stocks throw off dividends, which have the potential to be lucrative...
Macro Take the Wheel

Macro Take the Wheel

OVERVIEW   The U.S. stock market was mixed last week. The S&P 500 lost 1.55%, and the Nasdaq Composite dropped 3.11%. However, the Dow Jones Industrial Average registered gains of 1.15%. Foreign stocks declined, with developed country markets dropping 1.35%...