Daily Data Flow: Dow on Longest Rally Since 1996; Consumption Going Strong; Dollar Hits Seven-Month High

Daily Data Flow

Dow on Longest Rally Since 1996 (Bloomberg)
The still-rising Dow is now on its longest rally since 1996. Today, stocks were boosted by a strong increase in February’s retail sales. “All the economic data is incrementally positive,” Dan Veru, chief investment officer at Palisade Capital Management LLC, said. “Even if we do have a pause in the market or a correction, how deep can that correction be? Because I think there’s a lot of people, a lot of investors, waiting to get into the market.”

U.S. Consumers at Strong Levels (CNBC)
Said February sales growth shows that U.S. consumers are powering ahead and perhaps at the strongest they’ve been since the financial crisis. “It really is important to understand the interactive role that jobs and wealth create together. The jobs picture has improved, and while it is not perfect, it’s important,” Mesirow Financial economist Diane Swonk said. “That is one of the pivotal points, and it’s been a real game changer. The biggest pain we face is self-inflicted, and that is a major shift from where we’ve been in the recovery,” she said.

Dollar Also Rises in Good Day for United States (Reuters)
The good sales growth and the strong stock performance in the United States contributed to the rise of the dollar. The American currency sits at a seven-month high today. The euro, still reeling from Italy’s recent election, fell to its lowest point since Dec. 10.

Exclusive  Recommending a Momentum Play from London

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

The party on Wall Street keeps going, and going and going, kind of like that cute little pink bunny from the Energizer battery commercials. As of midday Wednesday, the Dow Jones Industrial Average was on pace to close at its ninth-consecutive all-time high. That’s quite impressive, and it shows that the bulls still are drinking the champagne and tossing money at stocks. Now, for the past few weeks, I’ve been telling subscribers to my

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE