Richard Suttmeier
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Housing Banking

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FDIC First Quarter Data Show Improving Banking System but with Concerns

The Federal Deposit Insurance Corporation released its Quarterly Banking Profile for the first quarter of 2017 a week ago. The banking system remains solidly profitable, but FDIC data show warnings.

Richard1944

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zoeyTheMaven

FDIC Data Confused By New Tax Law

The Federal Deposit Insurance Corporation released its Quarterly Banking Profile for the Fourth Quarter of 2017.

Richard1944

Community Banks – More Revenue But More Exposures Too

Community banks earnings rose 7.4% year over year with $6 billion in net income in the third quarter.

Richard Suttmeier

Investors Beware, Some Major Banks Have Negative Weekly Charts

Including the four ‘too big to fail’ money center banks and five super regional banks, four peaked on March 1.

Richard Suttmeier

Wall Street Is Wrong – It’s Time To Avoid Bank Stocks

FDIC data show that bank stocks are not a safe bet, and some big banks have negative weekly charts.

Richard Suttmeier

Spike In Sentiment, Housing Starts Positive for Homebuilders

Homebuilder confidence rose in Nov to 70, the highest since March and knocking on the door of the 2005 all-time high.

Richard Suttmeier

Trading 5 Home Repair Stocks On Recovery From Hurricanes And Wildfires

In the wake of three home-damaging hurricanes and wildfires in California, the home repair activities will continue.

Richard Suttmeier

The Fed's Dual Mandate Is Outdated - It Was Established 40 Years Ago

The FOMC is not recognizing that lower energy costs are a positive for the Main Street economy. The 2% inflation mandate was needed when inflation peaked at 9% in 1979 as crude oil prices rose. A mandate that invites higher energy prices now is not in the best interest of the American people.

Richard Suttmeier

PNC Financial Slumps As 'Key Reversal' Trumps Earnings Beat

Trading Strategy: Buy weakness to my semiannual and quarterly value levels of $131.87 and $129.24, respectively. Reduce holdings on strength to my monthly risky level of $137.93.

Richard Suttmeier

Wells Fargo Misses Earnings Estimates - Holds 50-Day Simple Moving Average

Trading Strategy: Buy weakness to my annual value level of $49.56. My monthly and quarterly pivots are $52.39 and $53.27, respectively. Reduce holdings on strength to my semiannual risky level of $62.23.

Richard Suttmeier