The weekly summation is below, the biggest positive being the old headline that the bull market continues in earnest. The latest evidence of this was Friday's payroll report showing nearly 90,000 more new jobs in November than had been forecast. The biggest negative is also the old headline of the never-ending trade war, now well over a year old, and investors seeing a deal getting further and further away. The bonus this Sunday is the latest from U.S. News Invested discussing the top 10 investing themes for the coming decade. Speak of being succinct, this sums up the whole market environment in a few short paragraphs. Hope everyone had a great weekend.
Succinct Summations for the week ending December 6th, 2019
Positives:
1. Market continues to flirt with all time highs — nothing is more bullish,
2. Non-farm payrolls rose 266k m/o/m, above the expected increase of 180k.
3. Unemployment rate fell to 3.5%, below the previous 3.6%.
4. Home mortgages applications rose 1.0% w/o/w, above the previous decrease of 1.0%.
5. Jobless claims fell 10k from 213k to 203k, below the expected 218k.
6. Factory orders rose 0.3% m/o/m, above the previous decrease of -0.8%.
Negatives:
1. We are further away from a Trade deal then ever as December 15th Tariff deadline looms;
2. ADP Employment Report shows private payrolls at 67k, below the expected 156k.
3. ISM Non-Mfg Index came in at 53.9 for November, below the expected 54.5.
4. ISM Mfg Index came in at 48.1 for November, below the expected 49.4.
5. Home refinance applications fell 16.0% w/o/w, below the previous increase of 4.0%.
6. Construction spending fell -0.8% m/o/m, below the expected increase of 0.4%.
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Invested
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Advice, rankings and stock market news for investors.
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Dec. 6, 2019
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TODAY'S BIG IDEA
10 Top Investing Themes for the Next Decade
The 2010s have been a spectacular decade for investors. U.S. economic expansion, technological innovation, historically low interest rates, quantitative easing and corporate tax cuts created a perfect storm for stocks.
Bank of America analyst Haim Israel says there will be plenty of opportunities in the 2020s. These 10 themes will define the next decade on Wall Street.
1. Peak globalization. Israel says some companies may start facing the reality of peak globalization for the first time. Israel says companies that have high domestic market exposure and those that own real assets should benefit from peak globalization, while companies that rely on global markets may suffer.
2. Recession. Despite fears over Brexit, trade wars, a global oil market crash and even an inverted yield curve, the U.S. economy has avoided a recession since 2009. Unfortunately, Israel says investors must face the reality that the U.S. will most certainly not go another decade without hitting its next recession. Most economists see the current economic cycle in its late stages. – Wayne Duggan
Click here to continue.
Recommended reading on this topic:
25 of the Decade's Biggest Events on Wall Street
How to Recession-Proof Your Investments
7 Ways to Prepare Your Portfolio for a Recession
8 Great Investments During an Economic Slowdown |
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