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Initial claims for unemployment climb again

Initial claims for unemployment climb again

The number of Americans filing initial claims for unemployment in regular state unemployment programs climbed by 30,000 in the week ended November 21, the Labor Department reported today, November 25. For the week initial claims in state programs rose to a seasonally...
Dow closes above 30,000 for first time ever

Dow closes above 30,000 for first time ever

Is this as good as it gets? That’s an important question today as the Dow Jones Industrial Average closes up 1.54% to 30,045.84, the first close above 30,000 ever. Other indexes were just as strong. The Standard & Poor’s 500 gained 1.62% by the close....
The returns for 2018 and 2019 for my Dividend Portfolio show the challenge facing dividend income investors during this period of extremely low interest rates.

The returns for 2018 and 2019 for my Dividend Portfolio show the challenge facing dividend income investors during this period of extremely low interest rates.

In 2018 my Dividend Portfolio showed a yield on 3.60%. That produced $6,483 in dividend income that year. (In this portfolio I put an equal $10,000 into each position and rebalance each year.) The goal of this portfolio is to beat the yield on the 10-year Treasury. On...
Are money managers too bullish?

Are money managers too bullish?

This month’s survey of fund managers (with a total of $526 billion in assets under management) by Bank of America shows that cash holdings are at their lowest level since April 2015 and allocations to stocks rose in November to 36% overweight. That’s close...
What a difference a day makes for tech stocks

What a difference a day makes for tech stocks

Today, technology stocks that took it in the neck yesterday bounced back strongly. The Standard & Poor’s 500 was up 0.77% today, November 11, but the NASDAQ rose 2.01% and the NASDAQ 100 climbed 2.31%. The Technology Select Sector SPDR ETF (XLK), down 1.86%...
Initial claims for unemployment drop–but it’s not enough

Economy adds 638,000 jobs in October

The U.S. economy added 638,000 jobs in October, a slight drop from September, when the economy added 672,000 jobs. The job gains were enough to push the official unemployment rate down to 6.9% from 7.9% in September. The U-6 unemployment rate, which unlike the...

Tomorrow brings the October jobs report

The economy is projected to have added 600,000 jobs in October, according to economists surveyed by Bloomberg. That would be a drop from the 661,000 jobs added in September. Which was a drop from… Well, you get the picture. The economy is improving but the rate...
Merry Christmas! An unemployment cliff looms for 12 million workers on December 26

New claims for unemployment dip a miniscule 7,000

Today, the Bureau of Labor Statistics announced that the seasonally adjusted number of initial claims for unemployment in regular state programs for the week ended October 31 was 751,000, a decrease of 7,000 from the previous week’s revised level. The previous...