Daily Data Flow: Mixed Day for Stocks; Investors Borrowing Big from Portfolios; Dollar up for Third Straight Session

Daily Data Flow

Mixed Day for Stocks (Bloomberg)
In the wake of better-than-expected April retail sales data, stocks had a mixed day, with about three stocks falling for every two that rose. The S&P 500 squeaked out a minimal gain for the day, while the Dow lowered slightly. “It’s obvious that this market has got legs, the question is whether the economy is going to grow some legs to support stocks going forward,” Frank Braddock, senior portfolio manager with the Braddock Group of JHS Capital Advisors, said.

Investors Borrowing Big from Portfolios (CNBC)
Thanks to positive perceptions of the current market, stock investors are taking out loans against their portfolios at the fastest pace since the recession happened. “Margin debt is now (near) record levels,” says Bruce Bittles, chief investment strategist at R.W. Baird. “When investors are willing to borrow lots of money to buy stocks, that is a sign of real optimism.”

Dollar up for Third Straight Session (Reuters)
The U.S. dollar rose against both the euro and the yen for the third session in a row, thanks today to the aforementioned good sales data. After hitting the 100-yen level last week, the dollar continued rising to its highest point against the Japanese currency since late 2008.

Exclusive  The Case for Going International in Stocks

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

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