News 

Accountants Confident in U.S. Economic Outlook

“Vaidyanathan said, is the boost that has come from low interest rates at central banks seeking to foster economic growth” writes Ezequiel Minaya for wsj.com. Globally, economic confidence is at its strongest since the inception of the survey in 2009.According to the Organization for Economic Cooperation and Development, which tracks 35 member countries from the Americas to Europe and Asia, the short-term outlook is for stable growth overall.US President Donald Trump arrives to speak about tax cuts during an event with American workers in the Rose Garden of the White…

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Trump says he has confidence in Scott Pruitt

“WASHINGTON, April 5 (Reuters) – President Donald Trump said on Thursday he has confidence in Scott Pruitt, the head of the Environmental Protection Agency, even as the White House investigates whether a condo rental by Pruitt was ethical” writes Timothy Gardner for aol.com. Pruitt is facing a White House probe for renting a room in a high-end Washington neighborhood for $50 a night in a town house co-owned by the wife of energy industry lobbyist Steven Hart.Trump, when asked on his way to a trip to West Virginia if he…

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Aubameyang passed up hat-trick penalty to help Lacazette’s confidence

“Pierre Emerick-Aubameyang passed up the chance to complete his first Arsenal hat-trick against Stoke City by handing over a penalty to Alexandre Lacazette in what he revealed was an attempt to aid the Frenchman’s confidence” writes Sporting News for sportingnews.com. The Gabon striker converted a penalty after Mesut Ozil had been tripped by Bruno Martins Indi, before then doubling his tally with a fine volley late on. Source: sportingnews.com Share This:

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America’s rich people are freaked out about Trump’s newest policy push

“The negative reaction to Trump’s policies may also stem from the fact that wealthier Americans own more stock than other income brackets” writes Bob Bryan for businessinsider.com. The survey, released Thursday, showed confidence among wealthier Americans taking a nosedive in March in large part due to Trump’s trade rhetoric.President Donald Trump’s decision to impose tariffs on some metal imports and Chinese goods set off alarm bells among America’s wealthy, according to the University of Michigan’s Consumer Confidence survey.”Households with incomes in the top third cited significantly greater concerns with government…

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Markets News Stocks 

Consumer confidence retreats in March but still near 18-year high

“The consumer confidence index dipped to 127.7 this month from a revised 130 in February, the Conference Board said Tuesday” writes Jeffry Bartash for marketwatch.com. The numbers: Consumer confidence fell slightly in March but remained near an 18-year high.What happened: Americans were a bit less optimistic about current business conditions and the stock market after a recent Wall Street selloff.Yet rising interest rates and recent ups and downs in the stock market have taken some of the shine off the economy.The so-called present situation index — how Americans feel about…

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Women could be losing out due to lack of confidence to invest and save

“Women could be finding themselves out of pocket because they lack the confidence to invest and save their money, the latest Disposable Income Index has revealed” writes Jack Peat for independent.co.uk. Currently, a far higher proportion of men invest into stocks and shares ISAs than women, but there is very little difference between genders when it comes to cash ISAs.The most common reason given by women was that they were afraid of losing money, followed by a lack of full understanding.Men are more likely to be saving into a pension…

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HSBC Highlights Corporate Optimism’s Resilience Over Global Trade Uncertainty

“Despite ongoing change and uncertainty, however, new analysis from HSBC finds corporates across North America remain confident in their future global trading operations” reports pymnts.com. In an interview with Global Trade Review, HSBC global head of trade finance propositions Vinay Mendonca said this ongoing confidence in global trade is fueling trade and supply chain finance and management technologies. “The way you finance trade might change in the future,” he told the publication. “You now have situations where the supply chain is being completely transformed on the back of technology.For the…

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Markets News Stocks 

Market Hulbert: This bullish economic news is a warning for the stock market

“The bottom line: Be careful not to interpret the latest consumer sentiment levels as being bullish for the stock market” writes Mark Hulbert for marketwatch.com. You read that right: The stock market tends to perform worse when consumer confidence is high.Like other sentiment indicators, consumer confidence tends to rise and fall along with the stock market itself.Specifically, I compared each month’s index reading with how the stock market performed over the subsequent month-, quarter-, year-, and two-year period.I found that consumer confidence is a meaningful contrarian indicator in the stock…

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Markets News Stocks 

This bullish economic news is a warning for the stock market

“The bottom line: Be careful not to interpret the latest consumer sentiment levels as being bullish for the stock market” writes Mark Hulbert for marketwatch.com. You read that right: The stock market tends to perform worse when consumer confidence is high.Like other sentiment indicators, consumer confidence tends to rise and fall along with the stock market itself.I found that consumer confidence is a meaningful contrarian indicator in the stock market.Consumer confidence is at its highest level in 14 years, so it’s time to lighten up on stocks and build up…

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