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American consumers will have more buying power this holiday season. According to Morgan Stanley’s Ellen Zentner and Paula Campbell, US households have about $129 billion more discretionary income — money left over after tax payments, interest payments, and spending on necessities like food and transport — this year than last … Read entire story.
Source: Business Insider
The Absolute Return Letter, October 2014 “Imagination is a poor substitute for experience.” Havelock Ellis The accident It was late in the evening of the 12th March. I was going to bed early as I had a big day ahead of me. Cycling is my sport and I had lined …
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A late day rally helped kick the month of February off with solid gains across the board. Led by energy the S&P 500 closed higher by 1.3{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}. The Dow Jones Industrial average followed up with a gain of 1.14{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}. Lagging the session was the NASDAQ and Russell 2000. Economic data was …