The Month in Brief
February 3, 2011 by Pete Mitchell
Filed under All Posts, Monthly Update
Turmoil in the Middle East didn’t stop U.S. stocks from posting a sizable January advance. The S&P 500 rose 2.26% on the month and the Dow and NASDAQ posted strong gains as well. We received encouraging news about home sales, retail sales, manufacturing and service sector growth and personal spending. There was a real sense that things were improving for American consumers and corporations.1
Annual Review for 2010
January 14, 2011 by Pete Mitchell
Filed under All Posts, Other Market Info
THE YEAR IN BRIEF 2010 was a very nice year on Wall Street. At the closing bell on December 31, the Dow Jones Industrial Average was sitting just eight points beneath a two-year high recorded two days earlier. The S&P 500 finished up 12.78% for the year and the Dow, NASDAQ and S&P all posted [...]
Weekly Economic Update for January 10, 2011
January 10, 2011 by Pete Mitchell
Filed under All Posts, Weekly Updates
“A career is born in public, talent in privacy.” – Marilyn Monroe HOW DO WE INTERPRET THIS JOBS REPORT? America’s unemployment rate fell four-tenths of a point in December to 9.4%. On the surface, that sounds great – after all, that is the biggest one-month drop in the jobless rate in 12 years. Beneath the [...]
Harry Reid’s Jobs Bill Presented by Pete Mitchell
March 3, 2010 by Pete Mitchell
Filed under All Posts, Government Programs
How about a tax break for companies that hire? A new jobs bill introduced by Sen. Majority Leader Harry Reid (D-NV) proposes major tax incentives for hiring businesses. If the bill becomes law, will these incentives make a dent in the unemployment rate? Or will they matter little? Not everyone is optimistic.
