Today’s Editorial mentions that the current bull market has become the longest in history. However, there are storm clouds gathering.
CNBC reported that St. Louis Fed economist William Emmons stated in a recent central bank report that declining home sales are “consistent with the possibility of a late 2019 or early 2020 recession.” The analysis looks at the trends in 4 US markets and overlays the previous three recessions and home sales over prior periods.
You can access the CNBC Editorial at the following link: … CNBC_070219JM
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).
The Portfolio is struggling to gain traction. Its current value is about where it was at the beginning of October. Only five of the nine stocks are profitable although only one of the four losers is decidedly so. The present bevy of stocks is up only 1.2%, and it has been trading profits that have served the Portfolio so well to date. [more]
eResearch is pleased to provide its weekly analysis of various yield curve spreads in order to watch for the occurrence of an “inversion”, which traditionally leads to an economic recession. This past week, our key metric for assessing the possibility of an Economic Recession occurring in Canada gave a Positive signal. At this point, this does not look like a false signal. [more]