Merriman Market Analyst
Free Weekly Forecast
MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JUNE 10, 2024 ©
June 7, 2024
Review U.S. job growth burst past expectations last month while the unemployment rate edged up to 4%, presenting a mixed view of a labor market that has generally been cooling without overly troubling most workers. Total nonfarm U.S. jobs increased a seasonally adjusted 272,000 jobs in May, more than in April...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JUNE 3, 2024 ©
May 31, 2024
Review A late-afternoon rally lifted the Dow industrials and S&P 500 to daily gains after the Friday morning release of the Fed’s preferred inflation gauge. The personal-consumption expenditures price index rose 2.7% in April from a year ago, in line with economist expectations. — Patricia Kowsmann and Ryan Dezember, “S&P...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING MAY 27, 2024 ©
May 24, 2024
NOTE: Monday, May 27, is Memorial Day in the U.S., a holiday when the nation honors its warriors, those who died while serving in the United States Armed Forces. Markets will be closed in the U.S. Review “Attempt to be fearful when others are greedy and to be greedy only...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING MAY 20, 2024 ©
May 17, 2024
Review Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index increased 0.3% from March, the Labor Department’s Bureau of Labor Statistics reported Wednesday. That was slightly...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING MAY 13, 2024 ©
May 10, 2024
Review The Dow Jones Industrial Average rose on Friday, wrapping an eighth consecutive winning session and registering its best week of 2024…. Investor enthusiasm was kept in check after consumer sentiment data released Friday morning showed a big uptick in inflation expectations. The preliminary May reading for the University of...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING MAY 6, 2024 ©
May 3, 2024
-Review Stocks jumped sharply Friday after a softer-than-expected April jobs report boosted hopes that the Federal Reserve could start cutting interest rates soon. Friday’s nonfarm payrolls report showed 175,000 jobs gained in April, below the 240,000 jobs expected by economists surveyed by Dow Jones. The unemployment rate edged up to...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING APRIL 29, 2024 ©
April 28, 2024
Review: Inflation-adjusted gross domestic product grew at an annualized rate of 1.6% in the first quarter, according to an initial estimate the Bureau of Economic Analysis released Thursday. That was below the 2.2% growth that economists surveyed by FactSet had expected…. Thursday’s slower-than-expected growth could signal that the U.S. economy...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING APRIL 29, 2024 ©
April 28, 2024
Review: Inflation-adjusted gross domestic product grew at an annualized rate of 1.6% in the first quarter, according to an initial estimate the Bureau of Economic Analysis released Thursday. That was below the 2.2% growth that economists surveyed by FactSet had expected…. Thursday’s slower-than-expected growth could signal that the U.S. economy...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING APRIL 29, 2024 ©
April 26, 2024
Review: Inflation-adjusted gross domestic product grew at an annualized rate of 1.6% in the first quarter, according to an initial estimate the Bureau of Economic Analysis released Thursday. That was below the 2.2% growth that economists surveyed by FactSet had expected…. Thursday’s slower-than-expected growth could signal that the U.S. economy...
Read MoreMMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING APRIL 22, 2024 ©
April 19, 2024
Due to the all-day workshop this Saturday, April 20, in Ft. Lauderdale and via Zoom, there will be no column per se this week. Instead, we will reprint below our “BRIEF NOTE TO INVESTORS AND TRADERS IN 2024” given in the Forecast 2024 book. This was written in October–November 2023....
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