Gluskin Sheff

Take the ADP Jobs Number With a Boulder of Salt

ADP excludes government jobs. It's also notoriously volatile and has a history of big misses in forecasting the official number. But perhaps most important is that it just doesn't jibe with other recent data points -- or the recovery's pace.

Stocks Post Modest Gains as Treasurys Tumble

Stocks closed moderately higher Wednesday after flitting around breakeven on light trading for much of the session. Financials outperformed, while commodities suffered. Treasury bond yields hit their highest intraday level since June. End-of-year strangeness?

Investors May Need Better Reasons to Buy Stocks

Given all that transpired globally over the Thanksgiving weekend, the idea of holding risky assets like stocks should give investors heartburn. A good Black Friday weekend and strong holiday selling season will draw traders' gazes, but that's no sure shot.

Six Reasons for Investors
to Give Thanks

As the market takes a time out for Thanksgiving, we though it would be a good time to reflect on some good fortune. Here are six things for which investors should be thankful this holiday season.

Not a Single New McMansion Sold in June or July

Not only did new-home sales plunge in July to a record low, the McMansion market saw no activity whatsoever -- for the second month in a row. An economist says the high-end market "is becoming non-existent."

Weak Economic Growth Will Hit Corporate Profits

If you've been wondering how corporations can be enjoying a sharp rebound in profits even as the U.S. economic recovery remains so weak David Rosenberg of Gluskin Sheff has your answer: They won't be enjoying it for much longer.

Double-Dip? One Reliable Measure Says It's Inevitable

An economic indicator with a perfect 40-year history of predicting recessions just signaled that a double-dip is coming for sure. The Economic Cycle Research Institute, an independent organization of economists, is best known for publishing the economy's "leading indicators" that we in the media sometimes like to chatter about. And on Friday, the institute said its ECRI Weekly Leading Index "growth rate" broke below -10%.