De Groote Financial Group August 26, 2016

New Home Sales Jump 12.4% in July… The move puts new home sales up more than 30% from the same time last year. What it means – Demand for new homes remains solid, as sales are at their highest level since 2007. Still, the current pace is less than half of what it was at […]

De Groote Financial Group August 12, 2016

U.S. Nonfarm Productivity Fell an Annualized 0.5% in the Second Quarter… The drop follows a 0.6% slide in the first quarter. What it means – Analysts expected a 0.5% rise that would counter most of the drop in the first quarter. Obviously, that didn’t happen. Productivity remains a problem. Economists and Fed officials can’t figure […]

De Groote Financial Group August 5, 2016

The U.S. Economy Created 255,000 Jobs in July… Unemployment remains at 4.9%, the third consecutive month it has sat below the 5% level of technical full employment. Markets reacted positively to the news. What it means – This makes two strong payroll prints in a row. And with upward revisions to both the May and June reports, the past three months […]