Markets News Stocks 

Homebuilders are losing confidence — and it could be an ‘ominous’ sign for the US economy

“The National Association of Home Builders/Wells Fargo Housing Market Index fell in December after a decline in November” writes Rebecca Ungarino for businessinsider.com. The decline in confidence, according to the NAHB, was due largely to housing affordability.Market strategists are convinced some recent economic indicators, including this confidence measure, are going to play a role in the Federal Reserve’s commentary this week.Optimism among US homebuilders fell for a second straight month, and some say that’s a troubling sign for the economy and the stock market — particularly ahead of the Federal…

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Crypto News 

One year on from Bitcoin’s record high, its price has fallen so far it’s too costly to mine it

“Here’s a chart from JP Morgan showing the steep decline in bitcoin mining profitability this year” writes Business Insider Australia for businessinsider.com. Therefore in the absence of any stabilization in prices, the least efficient miners were forced to exit mining activity abruptly.The latest decline in prices towards $3,000 per bitcoin has also seen a sharp decline in the hash rate. And when prices tumble this far this fast, it means many previously profitable miners are now having to power down their operations. Source: businessinsider.com Share This:

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Futures News Oil 

Oil bounces back from weekly decline

“Oil futures moved higher Monday, as the market attempted to stabilize following another weekly loss and traders focused on output cuts by major producers set to take effect early next year” writes Deputy Markets Editor for marketwatch.com. Natural gas built on a sharp decline seen last week on forecasts for warmer-than-normal to normal temperatures to the end of the month.Oil at times took its cues from weakness in equities, analysts said. Source: marketwatch.com Share This:

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Crypto Markets News Platforms 

Ethereum-Based Chat Platform Lays Off 25% of Staff Due to Crypto Market Decline

“Ethereum (ETH)-based chat platform Status is laying off 25 percent of its staff due to the recent cryptocurrency market decline, according to a post published Dec. 11” writes Ana Alexandre for cointelegraph.com. The crypto market experienced a harsh fall on Nov. 14, with Bitcoin (BTC) slumping from its average trading price of around $6,400 to as low as $5,506. The coin’s market capitalization is nearly $47 million, and its total supply is over 6.8 billion coins, according to CoinMarketCap. Source: cointelegraph.com Share This:

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Markets News 

Small-cap S&P 600 index confirms bear market

“In contrast to large caps, small caps are generally more volatile and prone to more frequent bear market drops” reports businessinsider.com. On Friday, the small-cap S&P 600 Index fell 1.6 percent to mark a 20.05 percent decline from its Aug. 31 closing high.A drop of 20 percent or more from a record or long-standing high closing level is the typical definition of a bear market.Small caps last fell into a bear market between June 2015 and February 2016, when they fell 20.7 percent. Source: businessinsider.com Share This:

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News 

Industrial production up 0.6% in November as mining and utilities gains offset manufacturing decline

“The numbers: Industrial production rose 0.6% in November, the strongest gain in three months, the Federal Reserve reported Friday, on the back of strong mining and utility output” writes Senior Economics Reporter for marketwatch.com. Auto manufacturing rose a slight 0.3% in November after a 3.1% decline in the prior month.In addition, mining output rose 1.7%. Source: marketwatch.com Share This:

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News Oil 

Oil moves up as traders pore over data on OPEC crude output, U.S. supplies

“Oil prices moved higher Thursday as traders pored over data showing a rise in monthly OPEC output, as well as a recent report of a weekly decline in U.S. crude supplies and production” writes Markets Commodities Reporter for marketwatch.com. Record pumping from Saudi Arabia lifted overall oil production from the Organization of the Petroleum Exporting Countries in November, the International Energy Agency said Thursday.The report also showed a decline of 100,000 barrels to 11.6 million barrels in total domestic crude production.In its closely watched monthly oil market report, the IEA…

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News 

Inflation flat in November on decline in gas prices, CPI shows

“Still, the slowdown in overall consumer prices is giving American workers a break” writes Jeffry Bartash for marketwatch.com. Some doubts on economy justified, doom and gloom is not Big picture: Some economists think inflation will increase again next year.The numbers: Falling gasoline prices helped cushion the blow of higher rent and prescription drug prices in November and kept inflation in the U.S. at bay, fresh government figures show.Yet others suggest somewhat slower U.S. economic growth, abetted by higher interest rates, will keep inflation bottled up. Source: marketwatch.com Share This:

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News Stocks 

Johnson Outdoor’s stock tumbles after swinging to a loss, surprise sales decline

“Sales declined to $91.13 million from $91.76 million, while the two analysts surveyed by FactSet were expecting a rise to $94.8 million to $94.9 million” writes Reporter Editor for marketwatch.com. The range of per-share estimates of the two analysts surveyed by FactSet was a loss of 5 cents to earnings of 6 cents.JOUT, -11.35% tumbled 13% in afternoon trade Friday, after the seller of outdoor recreation equipment swung fiscal fourth-quarter loss, on a surprise decline in sales.The stock has now tumbled 41% over the past three months while the S&P…

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News 

5 things a financial adviser should do when they see cognitive decline in a client

“A recent State Street analysis found that only 29% of children continue working with their family financial adviser after their parents die” writes Joanna Gordon Martin for marketwatch.com. While cognitive decline is a fragile subject, Mary would have appreciated more guidance from the family’s financial adviser.Financial advisers, through their sustained and intimate relationship with their clients, are on the front lines of their clients’ cognitive decline, often noticing telltale symptoms 10 years before a physician diagnosis.In her quarterly meeting with the family’s financial adviser, Steven, Mary mentions some of her…

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