After years of slowing earnings growth and little in the way of excitement for many Wall Street analysts, many are now hopeful that President-elect Donald Trump will finally make things interesting.

When collating data for the Goldman Sachs Group Inc. Analyst Index — a proprietary measure of growth across different sectors of the S&P 500 — the firm included a question this month on what the election of Donald Trump will mean for the industries covered by those surveyed. Turns out, they are rather optimistic.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Goldman Says Trump's Presidency Will Benefit Stocks in Almost Every Sector

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On the surface, the message from the University of Michigan’s final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast.

The consumer expectations index of the survey rose by 8.4 points from October to 85.2 — a one-month gain last exceeded in the December 2011 — a testament to households’ optimistic view on the outlook for the U.S. economy and their own pocketbooks.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Soaring Consumer Confidence: Are Americans Happy It's Trump, or Just Happy It's Over?

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The Hillary Clinton campaign on Sunday suggested the new batch of damaging WikiLeaks documents are bogus — in an apparent attempt to defend what appears to be the Democratic candidate’s candid views on such issues as Wall Street and the middle class.

“They’ve put out documents that are purported to be from my account,” Clinton campaign chairman John Podesta told “Fox News Sunday.”

Read the Full Article: Source – Fox News
Time For Truth: (Fox News) – Podesta, Kaine suggest WikiLeaks docs revealing Clinton private speeches are bogus, inaccurate

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The U.S. is often referred to as the land of economic opportunity. Apparently, it’s also the land of consumption and “spend everything you’ve got.”

We don’t have to look far for confirmation that Americans are generally poor savers. Every month the St. Louis Federal Reserve releases data on personal household savings rates. In July 2016, the personal savings rate was just 5.7%. Comparatively, personal savings rates in the U.S. 50 years ago were double where they are today, and nearly all developed countries have a higher personal savings rate than the United States. In other words, Americans are saving less of their income than they should be — the recommendation is to save between 10% and 15% of your annual income — and they’re being forced to do more with less in terms of investing.

Read the Full Article: Source – USA Today
Time For Truth: (USA Today) – Nearly 7 in 10 Americans have less than $1,000 in savings

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A poll realased on Tuesday claiming that 70% of European Jews won’t go to synagogue on Rosh Hashana or Yom Kippur due to security concerns, has been met with skepticism by prominent Jewish leaders.

Read the Full Article: Source – The Jerusalem Post
Time For Truth: (The Jerusalem Post) – ‘70% of European Jews won’t go to shul on High Holy Days despite heightened security’

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