- Stimulus Check SpecialHow are consumers planning to use their gift checks from the government? Given that piggy banks have been drained in prior months in order to pay increasingly for food and gas, it appears that more than one in three (31.0%) plan to save their stimulus checks...one-quarter (24.2%) plans to pay down credit cards, while 16.4% will use their checks to pay down debt (installment loans). However, plans among those who are expecting a rebate check and those who still aren't sure if they'll receive one differ slightly...those who aren't sure are more likely to use the money for savings or gas purchases, while those who know it's in the mail (or already in their bank account) are more apt to pay down debt and purchase necessities like groceries.
- The Impact Of Rising Gas PricesRecord high fuel prices have drivers feeling deflated as they pump gas in their autos in May...this month, 84.0% contend they have been affected by rising gas prices, up from 82.2% in April, 74.2% in '07, and a new high. To cope, consumers are resorting to taking fewer shopping trips (47.9%), shopping closer to home (43.7%), hunting for sales more often (39.8%), clipping more coupons (34.6%), and buying more store brands and generics (31.0%):
Cartoon of the Day: 'Biggest Tax Cut Ever'
President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.read more
Neurofinance: The Psychology Behind When To Sell A Bull Market
"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.read more
McCullough [Uncensored]: When People Say ‘Everyone is Bullish, That’s Bulls@#t’
“You wonder why the performance of the hedge fund indices is so horrendous,” says Hedgeye CEO Keith McCullough, “they’re all doing the same thing, after the market moves. You shouldn’t be paid for that.”read more
SECTOR SPOTLIGHT Replay | Healthcare Analyst Tom Tobin Today at 2:30PM ET
Tune in to this edition of Sector Spotlight with Healthcare analyst Tom Tobin and Healthcare Policy analyst Emily Evans.read more
McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’
If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.read more