Investor Confidence Sends Stock Indexes to New Highs – Ep. 53

* Friday 13th was not unlucky for Wall Street * S&P 500 traded to an all-time record high * The Dow closed above 18,000 * NASDAQ at almost a 15-year high * Despite overall trend of weak corporate earnings * Weak economic data does not dampen Wall Street's spirits * Central Banks are behind the surge with excess liquidity * Wednesday - Mortgage Applications plunged 9% * Purchases declined 7% following a 2% decline prior week * 10% decline in Mortgage Refinances * Jobless claims up 25,000 from prior week * Biggest back-to-back decline in Retail Sales since October of 2009 * Consumer Confidence is down 2 weeks in a row * Business Inventories rose by just .1% contrary to expectations * Inventory to sales ratio highest since July 2009 * Huge drop in Consumer Sentiment * Jobs number is a lagging indicator * Part-time economy is a double-edged sword Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy