Markets News Stocks 

Retail investors see this as the ‘best time ever’ to jump into stocks. Time to worry?

“He added that the number of fund managers who were expecting below-trend growth, alongside below-trend inflation, fell 11 percentage points to 34%” writes Markets Reporter for marketwatch.com. Investors “are encouraged by the continuing economic and earnings growth as well as the market’s upward momentum,” the survey read.Meanwhile, the number of bearish investors fell by 5.9 percentage points to 26.9%, its lowest level in about a month and below the 30.5% historical average.This is only the sixth time this year that the ratio of bullish investors came in above the historical…

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Brokers News Platforms 

The death of social trading: Conflict of interest results in exit rally; due diligence finds 80% of lead traders to be fake

“Since then, pretty much every single social trading platform has shuffled off the cyber coil” reports financefeeds.com. To no surprise whatsoever, social trading is largely a thing of the past.This is because said companies made their investment into developing solutions that would engage and retail retail traders which are largely based in their own domestic markets.Indeed, many stand-alone, third party social trading platforms are now history, but some companies that offer their own have been deleting the product from their range of services.Examples of the haplessness that began the fate…

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News 

Grand Ole Opry Announces $12 Million Expansion Project

“New retail and food options, a redesigned box office and a VIP lounge area are all part of a $12 million expansion coming to the Grand Ole Opry House in Nashville over the next year and a half, Ryman Hospitality Properties announced on Monday” writes Billboard Staff for billboard.com. The planned expansion looks to add a 5,000-square-foot retail footprint to the iconic property, with construction expected to begin in January and finish up by October 2018. Source: billboard.com Share This:

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News 

US core inflation stuck at 1.7% again – USD falls across the board

“Disappointing US inflation figures: CPI and core CPI both miss expectations and monthly and yearly figures” writes Yohay’s Google Profile for forexcrunch.com. The US was expected to report a rise in core inflation from 1.7% to 1.8% in September, boosting the case for a rate hike by the Fed.We wrote that weak inflation could hit the dollar and indeed: the US dollar is falling across the board. Source: forexcrunch.com Share This:

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News 

Dow, S&P 500 hit intraday records after opening higher

“U.S. stock-market indexes traded in record territory after modest opening gains on Friday as investors assessed a round of economic data and earnings releases” reports marketwatch.com. Bank of America BAC, +0.45% shares fell after third-quarter earnings results, while Wells Fargo & Co WFC, -3.98% shares declined as earnings missed estimates. Source: marketwatch.com Share This:

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News Stocks 

S&P 500, Nasdaq hit intraday records as amid lackluster inflation, retail sales data

“The Dow industrials was headed for a 0.4% rise, while the S&P 500 teetered around a 0.1% increase” writes Markets Reporter for marketwatch.com. All three indexes closed lower on Thursday The Dow industrials ended down 0.1%, while the S&P 500 and the Nasdaq both lost 0.2%.The S&P 500 index SPX, +0.22% gained 3 points, or 0.1%, at 2,553, after setting an intraday record at 2,55.80, while the Nasdaq Composite Index COMP, +0.31%  climbed 15 points, or 0.2%, at 6,605, after notching an early intraday all-time high at 6,614.65. Source: marketwatch.com Share…

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News 

US retail sales surge, driven by autos and gasoline purchases

“Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.4 percent last month after being unchanged in August” reports foxbusiness.com. Retail sales increased 4.4 percent on an annual basis.The rebound in core retail sales suggests the drag on the economy from the hurricanes will probably be modest.These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.Economists polled by Reuters had forecast retail sales jumping 1.7 percent in September. Source: foxbusiness.com Share This:

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Amazon plans 120,000 seasonal hires — flat from a year ago, but masking retailer’s growth

“The retail giant plans to hire roughly the same number of temporary warehouse employees for the holiday rush as last year” writes Seattle Times Business for seattletimes.com. Last year the company said it hired about 3,000 seasonal workers in Washington.Amazon employs 125,000 full-time workers in its U.S. warehouse network, 38 percent more than the company reported a year ago. Source: seattletimes.com Share This:

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News 

Hurricanes could boost inflation and retail sales

“Hurricanes Harvey and Irma left trails of destruction, but they could have given a boost to September retail sales and consumer price inflation” writes Patti Domm for cnbc.com. Anderson said retail sales were lifted also by stockpiling of goods by consumers in storm-hit areas.”There was weakness in retail sales in the last two months, so we think there’s going to be a bounce back,” he said.We’ll see a similar effect on consumer prices,” said Scott Anderson, chief economist at Bank of the West. Source: cnbc.com Share This:

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News Regulators 

Cramer explains how Sports Authority’s bankruptcy cast a shadow on athletic retail

“In short, the Sports Authority bankruptcy brought lasting damage to the brick-and-mortar vein of sporting goods retail, the “Mad Money” host said” writes Elizabeth Gurdus for cnbc.com. Since Sports Authority went bankrupt in 2016, CNBC’s Jim Cramer has watched the sports retail and athletic wear cohort endure widespread weakness.Cramer argued that Sports Authority’s demise, which began with a leveraged buyout and ended with a botched restructuring program and crushing debt, cast a visible shadow on the sports retail industry.”In retrospect, the bankruptcy of Sports Authority was a watershed moment for…

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