Thursday, June 23, 2016

S&P 500's Consumer Head Fake

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*Yellen when speaking to Congress said that the consumer is showing signs of strength.
*The housing turnover number, a key gauge, showed strength yesterday.
*Yellen said that inflation expectations are lagging the energy price rise.
*The consumer is one of the few stronger pieces of late to the economy. We think it can turn.


Typically when rates are going up we are considered to be in the latter part of an economy cycle. The Fed has been slow to raise rates, and market rates have also been slow to move up. In effect, the consumer is still showing strength and gives hope to the Fed. We think as credit is currently tightening and oil prices are moving up this scenario can be in flux.
Existing Home Sales Strong
Existing home sales showed strong results in their report yesterday.
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Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principle especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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