US Households in Better Shape than Business
John Robertson
PortfolioDirect
Last week’s relatively strong U.S. capital spending data accompanied by a small increase in jobless numbers contributed to a slightly more positive equity market tone. For several years, both measures have been valuable indicators of the momentum behind U.S. equity prices. Now, they are diverging in their implications for the market. The capital spending data are consistent with a loss of market momentum while the labour market data are more consistent with readings of moderate growth coming from the broader economy. This recent wire (VIEW LINK) highlighted the existence of a US business sales recession which is not evident in the broader economic outcome. The recent numbers also draw out the disparity in performance between household and business sector economic outcomes. (VIEW LINK)
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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