Doug Short | TalkMarkets | Page 2
Vice President of Research at Advisor Perspectives
Contributor's Links: Advisor Perspectives
My original dshort.com website was launched in February 2005 using a domain name based on my real name, Doug Short. I'm a formerly retired first wave boomer with a Ph.D. in English from Duke and a lifelong interest in economics and finance. In 2011 my website was acquired by more

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ECRI Recession Watch: Weekly Update
The Weekly Leading Index of the Economic Cycle Research Institute is at 132.1, down from the previous week's 132.5. The WLI annualized growth indicator (WLIg) is at -2.8, down from -2.1 the previous week.
S&P 500 Snapshot: What? No Record Close?
After a string of five record closes, the S&P 500 ended the day with a fractional loss, down 0.07%.
Five Decades Of Middle Class Wages: Update
Relatively smooth upward trend in the average hourly earnings.
Real Earnings Of Private Employees: Excruciatingly Slow Improvement
The government has been tracking the data for Production and Nonsupervisory Employees for decades. But coverage of Total Private Employees only dates from March 2006.
S&P 500 Snapshot: Fifth Consecutive Record Close
The S&P 500 commemorated Veterans Day with its 5th consecutive record close. The index traded in a narrow intraday range of -0.15% to 0.15%, ending with a fractional 0.07% gain.
Small Business Optimism: Moderate Improvement, But No Clear Direction
The latest issue of the NFIB Small Business Economic Trends is out today. The November update for October came in at 96.1, up 0.8 points from the previous month.
Continuing Proof Of Structural Changes In The U.S. Workforce
The closely watched headline unemployment rate is a calculation of the percentage of the Civilian Labor Force, age 16 and older, currently unemployed.
The Big Four Economic Indicators: Nonfarm Payrolls
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.
ECRI Recession Watch: Weekly Update
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 132.8, down from the previous week's 131.7. The WLI annualized growth indicator (WLIg) is at -1.8, down from -1.2 the previous week.
S&P 500 Snapshot: Another Day, Another Record Close (in The Final Minute)
The S&P 500 scratched its head, and in the post-election daze, moved with uncertainty through the day in a relatively narrow 0.45% range from its -0.30% intraday low to its 0.15% high.
S&P 500 Snapshot: Another Record Close
The US post-election rally continued today with the Dow, S&P 500 and NASDAQ all up about 0.4%.
S&P 500 Snapshot: A Post-Election Record Close
European markets apparently celebrated the US election results, with the EURO STOXX 50 index rising 1.89%.
ISM Non-Manufacturing: Slower Growth In October
Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 57.1 percent, down from last month's 58.6 percent. Today's number came in below the Investing.com forecast of 58.0.
Weekly Gasoline Price Update: Down Another Six Cents
Rounded to the penny Regular and Premium both dropped another six cents. Regular is now at its lowest price since December 2010.
Is The Stock Market Cheap?
The average P/E ratio since the 1870's has been about 15. But the disconnect between price and TTM earnings during much of 2009 was so extreme that the P/E ratio was in triple digits — as high as the 120s — in the Spring of 2009.
S&P 500 Snapshot: Spooky October Ends With A Record Close
The S&P 500 closed out the historically volatile month of October at an all-time high, up 1.17% for the day, 2.72% for the week and 2.32% for the month.
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