US Consumer confidence has gone from 40.8 in April to 54.9 in May and this is a very big spike.

Some 90% of our exports to China go to the Chinese domestic market and not into exports. That means most of our exports shouldn’t be heavily affected by a global collapse in demand.

While the debt ratings agency — S&P — thinks the USA might lose its AAA rating, Moody’s, the other debt ratings agency, says it is comfortable with the AAA status of the USA.

The good news was the index of US leading indicators rose 1% in April. This was the first rise since last June!

Prominent US CEOs such as GE’s Jeff Immelt and Bank of America’s Ken Lewis made positive comments about the economic signs of improvement that their companies were seeing. And this comes as the US Treasury Secretary Tim Geithner said the US financial system was on the mend and the program to remove toxic assets off […]

Wall Street was closed for a public holiday but European shares ended higher, up 0.3%, which at least indicates that national debt concerns are not spooking equity markets at the moment. Some important market tests lie ahead this week with preliminary GDP for the US’s March quarter coming out at the end of the week. […]

As the Yanks eyed off their Memorial Day long-weekend, Wall Street ended lower after being up early. And once again there seems to be no enthusiasm for a big sell off. The Dow lost 15 points to end at 8,277.   The Nasdaq lost 3 points to close at 1,692. The S&P 500 gave up […]

The testing of the post-March-low rally continues and experts say this is a good thing as a rally that has no checks is doomed to turn around and head south again. Wall Street has had three straight down days and this could go on for a few weeks before buyers once again see value in […]

Comments from the US Treasury Secretary Tim Geithner that increased the belief in a US recovery sooner rather than later were then offset by comments from the Federal Reserve. However the losses were not anything dramatic. The Dow lost 52 points to 8,422. The Nasdaq dropped 6 points to 1,727. The S&P 500 slipped 5 […]