Significant Developments

President Trump Says Withdrawal of Health Care Bill a Good Thing

March 24, 2017

In responding to the U.S. House of Representatives’ decision to withdraw their bill to repeal and replace the Patient Protection and Affordable Care Act, better known as “Obamacare”, President Trump said yesterday afternoon, “Perhaps the best thing that could happen is exactly what happened today, because we'll end up with a truly great health care bill in the future after this mess known as Obamacare explodes.” The President added, “... eventually it's not sustainable. The insurance companies ... continue reading >

U.S. Economic Developments

Durable Goods Orders Rise for Second Consecutive Month during February

March 24, 2017

The U.S. Department of Commerce reported today that new orders for durable goods manufactured in the United States (i.e. furniture, home appliances, office equipment) rose for the second consecutive month during February.

Specifically, the Commerce Department reported that durable goods orders rose by 1.7% ... continue reading >

  U.S. Durable Goods Orders
International Economic Developments

Manufacturing Activity Continues to Increase in the Eurozone and Japan

March 24, 2017

IHS Markit, a global provider of economic information, reported today that its latest survey of executives at Europe’s and Japan’s manufacturing companies indicates that manufacturing activity in the Eurozone rose for the 45th consecutive month and that manufacturing activity in Japan rose for the 37th consecutive month during March.

In the Eurozone, manufacturing activity rose to the highest level since April 2011 ... continue reading >

Earnings Announcements

The Finish Line Reports $9.5 Million Loss for the 13 Weeks Ended February 26, 2017

March 24, 2017

The Finish Line (FINL) reported today that it lost $9.5 million on a 0.4% decline in the company’s revenues and a 7.2% increase in its cost of goods sold for the thirteen weeks ended February 26, 2017, as compared to the same period a year ago.

There were no other earnings announcements today from companies that compose the S&P 500 Index.

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U.S. Political Developments

President Trump Requests Funding to Rebuild the Military, Fight ISIS and Build Border Wall

March 16, 2017

President Trump signed a Presidential Memorandum today asking the U.S. Congress to consider the provision of additional funding to rebuild the U.S. military, fight ISIS and build a physical wall along the country’s southern border with Mexico.

Specifically, the President requested $24.9 billion in funding to rebuild the U.S. Armed Forces ... continue reading >

International Political Developments

Secretary of State Tillerson Says “All Options are On the Table” Regarding North Korea

March 17, 2017

Responding to recent comments and actions by North Korea’s Dictator, Kim Jong Un, who said on January 1, ““We have reached the final stage in preparations to test-launch an intercontinental ballistic rocket,” U.S. Secretary of State, Rex Tillerson, said today “all options are on the table” if North Korea were to threaten South Korean and U.S. forces by continuing to test long-range ballistic missiles ... continue reading >

Company and Stock News
March 24, 2017

There was no major company/stock news today

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New Homes Sales Rise for Second Consecutive Month

03/23/17: The U.S. Department of Commerce reported today that sales of newly-constructed homes in the United States – new home sales – rose for the second consecutive month during February.


Existing Home Sales Decline during February

03/22/17: The National Association of Realtors (“NAR”) reported today that sales of previously-owned homes in the United States – existing home sales – declined during February after increasing during five of the six prior months.