2014 kicked off today in the US with encouraging economic news

Jay Soloff

Argonath Financial

2014 kicked off today in the US with encouraging economic news. Jobless claims posted a decline for the second straight week, falling to 339,000. That's encouraging news considering we saw two weeks of hefty gains back in December. However, holiday jobless claims can be notoriously volatile - and it's good to see the numbers moving back in line with the overall downward trend. Moreover, ISM Manufacturing came in at 57. Keep in mind, anything over 50 is expansionary. The most positive aspect of the report was the new orders component, which reached its highest level since April 2010. Basically, it looks like the the US economy is continuing where it left off in 2013 - slow and steady growth. Despite what that may mean for QE, it's definitely good news for US equities in the long run. (VIEW LINK)

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Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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