Raymond Merriman's Weekly Preview

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Posted by in Raymond Merriman's Weekly Preview on February 18, 2017 .

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NOTE:  Markets will be closed on Monday, February 20, in the USA in observance of the “President’s Day” holiday.

 

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It was another week of new all-time highs in the USA and Russian indices, as well as yearly or multi-year highs in the Netherlands, Switzerland, Australia, and Brazil  ̶  but not so in other indices of Europe and Asia, as we approach the most potent geocosmic period of...

Posted by in Raymond Merriman's Weekly Preview on February 11, 2017 .

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Philadelphia Federal Reserve Bank President Patrick Harker on Monday said an interest-rate hike should be on the table at the U.S. central bank's next meeting, in March. "I still am supportive of three rate hikes this year, of course with a major caveat depending on how the economy evolves and policy, fiscal policy evolves," Harker told reporters after a speech on regulatory policy for fintech...

Posted by in Raymond Merriman's Weekly Preview on February 04, 2017 .

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Nonfarm payrolls grew by 227,000 in January while the unemployment rate edged higher to 4.8 percent, the Bureau of Labor Statistics reported Friday. Economists surveyed by Reuters expected payrolls to grow by 175,000, compared with 57,000 in December… There was little wage pressure, however, with average hourly earnings up just 3 cents and 2.5 percent on an annualized basis. The average work...

Posted by in Raymond Merriman's Weekly Preview on January 28, 2017 .

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“New home sales posted a steep decline in December… Purchases of newly built, single family homes, decreased 10.4% from November… the steepest one-month drop since March 2015. The drop ‘was a shocker,’ said David Berson, chief economist at Nationwide Insurance.” Laura Kusisto and Ben Luebsdorf. “New Home Sales Fell Sharply in December,” Wall Street Journal, January 27, 2017.

Posted by in Raymond Merriman's Weekly Preview on January 21, 2017 .

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“Mr. Trump needs partners in Washington who can move his agenda, and he should recognize that Republicans in Congress are a source of expertise and counsel. If he uses them as allies and forms common cause, he can make his first two years the most significant since Reagan’s first term. If he goes to war with them for reasons of pique, or over marginal policy differences, Democrats will be...

Posted by in Raymond Merriman's Weekly Preview on January 14, 2017 .

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NOTE: U.S. markets are closed on  Monday in observance of Martin Luther King Day.

 

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“The Dow index is about 90 points away from hitting 20,000 points and investors have been betting every day for the index to break this elusive number. But uncertainty around Trump's policies and disappointment around Wednesday's press conference has had investors cautious.” CNBC news, Friday morning,...

Posted by in Raymond Merriman's Weekly Preview on January 07, 2017 .

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“… a report by outplacement firm Challenger, Gray & Christmas said U.S.-based employers announced they would cut 33,627 jobs in December, up 25 percent from November's yearly low.” – Jeff Cox, “US private sector created 153K jobs in December, vs 170K expected: ADP,” cnbc.com, January 5 2017.  

The U.S. economy added 156,000 jobs in December, according to data from the Bureau of...

Posted by in Raymond Merriman's Weekly Preview on December 24, 2016 .

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NOTE: There will be no column next week. We are taking a holiday break. Happy holidays to all of our loyal readers. May 2017 bring you much joy and happiness!

 

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This is our last column of the year, and what a year it has been for the world and for the nation. We would be happy to review it, but we did much of that that in this year’s Forecast 2017 Book. To Financial Astrologers, it will...