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Beige Book

  • Featured Story

    July Fed Beige Book Round Up

    By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - July 17, 2013

    To continue reading, please click here...

Article Index

  • July Fed Beige Book Round Up
  • In an Uncertain Market, Defensive Investing is Smart - And Profitable
  • Why the Dollar's Rebound Will Be Short-Lived
  • Investment News Briefs
  • U.S. Stocks: Winning Streak is Over, But Bull Market Continues

July Fed Beige Book Round Up

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - July 17, 2013

the beige book

Periodically, each Federal Reserve Bank gathers anecdotal information on current economic conditions in its geographic district.

Banks take into consideration the outlook of regional Fed bank directors, interviews with key business contacts, economists, market experts, and other sources.

This information comes out 8 times per year in a compilation report dubbed the "Beige Book" - it's essentially a summary of economic activity in the 12 Fed bank districts as prepared by a designated Federal Reserve Bank on a rotating basis.

Today (Wednesday), the Federal Reserve released its latest.

Therein, manufacturing reportedly expanded in most districts.

Consumer spending, auto sales, transportation, commercial real estate, and banking has improved.

Hiring activity modestly improved, but three districts noted businesses' reluctance to hire permanent workers. We're likely seeing the effects of Obamacare.

Notably, housing demand and construction activity increased at a moderate to strong pace in all districts.

Meanwhile, tourism and agricultural conditions seemed bogged down by bad weather.

In sum, overall economic activity has reportedly continued to increase at a modest pace since the last Beige Book, released on June 5.

Sounds good, but how about some specifics?

Here are some interesting economic tidbits I came across while perusing July's Beige Book, broken down by district:

To continue reading, please click here...

In an Uncertain Market, Defensive Investing is Smart - And Profitable

By Jon D. Markman, Contributing Writer, Money Morning - January 19, 2010

For U.S. investors looking to profit in the near term, the best offense may be a good defense.

"Defensive investing" becomes a mantra for investors who are seeking to navigate periods dominated by high risk, slow growth or excessive uncertainty. Given that the current market outlook probably contains an element of each of those scenarios, a strategy that includes elements of care and caution will make for a wise course of action.

This is actually a healthy thing, and will likely include a pause in the broader market. But all indicators point to the prospective pause being just that - not a new bear market, just a time out as overfed risk appetites take a breather before being reinvigorated.

Despite the emphatic negative trading session we saw on Friday, most of last week was rather buoyant, with a net gain in the broad market averages. Yet measures of internal market health continued their slow deterioration, with much more volume appearing on down days than up days.

My belief: U.S. stocks are in the process of remedying the overbought condition created by the big upward move in the first week of the year, as well as the overbought condition that's visible on some monthly charts.

For the Top Defensive Plays to Make Now, Read on...

Why the Dollar's Rebound Will Be Short-Lived

By , Money Morning - October 23, 2009

The dollar yesterday (Thursday) rallied from 14-month low against the euro, but that rally will be short-lived as U.S. monetary policy is likely to remain loose, even as other central banks raise interest rates. A recovery of investor risk appetite has slammed the dollar in recent months, driving the currency to a rate of $1.5017 […]

Read More…

Investment News Briefs

By , Money Morning - October 22, 2009

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Wells Fargo Cut Sends Markets Down; Fed Beige Book Shows Tepid Progress; Obama Administration To Cut Executive Pay at Top TARP Companies by 50%; Boeing Shares Fall After Loss; E-Reader […]

Read More…

U.S. Stocks: Winning Streak is Over, But Bull Market Continues

By Jon D. Markman, Contributing Writer, Money Morning - September 14, 2009

The winning streak is over. But the outlook for stocks remains upbeat. U.S. stocks on Friday suffered their first setback after six straight days of gains, but the damage wasn't severe. No news appeared to precipitate the decline, so chalk it up to light profit-taking. In the Friday session, the Dow Jones Industrial Average lost […]

Read More…

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