Dock Treece

Dock Treece

Dock Treese www.treeceinvestments.com

Episodes

December 16, 2020 8 min
Good news Wednesday and stocks come through. All three major indices were up as Congress inches toward another covid relief package.
Lumber prices are up 120% since April but have moderated since September. Lumber cost has added, on average. $16,000 to the cost of a single family house.
A real life story about customer service.
A quote from the WSJ story, "Industrial production decreased sharply in March and April as the coronavi...
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Tuesday, stocks were up in the morning but sold off in the afternoon. The DOW saw a 400+ intraday swing. The decline was a surprise given the vaccine hit the street yesterday.
The decline may have been driven by NYC Mayor de Blasio warning that he may order a full shutdown in the next few days.
The U.S. Treasury computer system was hacked, in March, and was only recently discovered. But never fear the voting system cannot be hack...
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December 14, 2020 10 min
Monday, the DOW was up Friday but the S&P and the NASDAQ were down.
Pfizer ships the vaccine for delivery today.
IPO market is the hottest since 1999. As proof Airbnb is now worth more that Marriott, Hilton and Hyatt COMBINED.
Huntington Bank announced a merger TCF Financial.
Friday I talked about the price of oil rising while gas prices are low. I think I discovered one of the reasons.
Oracle leaves California for Texas. Quote from...
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December 11, 2020 11 min
Friday, stocks were little changed yesterday and the news is conflicting. New jobless claims rose but job opening in manufacturing hit an all time high. And everywhere I look I see 'now hiring' signs.
We are in a pandemic driven recession yet U.S. household net worth hit a record in the third quarter. Stock and housing prices are credited with the gains.
A quote from the attached article "The net worth of U.S. households ...
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December 10, 2020 11 min
Thursday, stocks took a rest yesterday. Oil hit its highest level since before the pandemic. Job openings surprised to the upside.
Yesterday I spoke about the price of flat steel rising and today I found the attached article. The web site is not mainstream but the charts interested me. The article includes charts that show the increasing prices of commodities and the declining value of the dollar. It would be hard for anyone to look...
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Good news Wednesday and stocks come through. Dow was up but the S&P and NASDAQ hit all time highs.
More details on the NFIB numbers.
Redbook retail sales slipped.
A friend who uses flat steel in his business emailed me yesterday that prices on flat steel have gone from .30 per pound to .50 per pound in the past few months and it looks like it is headed higher. Don't worry there is no inflation.
Elon Musk is in the news for seve...
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December 8, 2020 10 min
Tuesday, the NASDAQ hit a new high yesterday but the S&P and the DOW declined slightly.
Some very good news locally, according to an article in the Blade UPS is building a new facility in Wood County that will bring 600 new jobs and LEWCO is building a facility in Ottawa County that creates 163 new jobs.
Consumer credit declined as people paid down credit cards.
Toll Brothers Inc. the builder of luxury homes said sales are up 7% ...
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December 7, 2020 8 min
Monday. Stocks, as measured by the DOW, S&P and NASDAQ hit all time highs Friday. Employment growth is slowing so here is Wall Street's thinking, slower employment growth means more free money from the Fed which means higher stock prices. Party time.
The coronavirus has devastated the U.S. economy but has created a boom for the Chinese economy. Chinese exports are up 21% year over year most of which went to the U.S.
Class 8 t...
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December 4, 2020 11 min
Friday, no big moves in stocks yesterday. Other news was mixed with employment news dominating the cycle. New jobless claims dropped, announced job cuts rose and the ISM services index declined.
The attached article points out something I commented on months ago and that is the pandemic will change the jobs landscape. A quote from the article: "But unemployment data overstates the health of the labor market because the supply of...
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December 3, 2020 10 min
Thursday the DOW was up slightly with the S&P setting a new high.
Mortgage applications was the lone bright spot in the reports yesterday.
I have attached 2 articles today that need close attention. The first motor vehicle fell below 16 million units annualized. A 3 month low.
The second article is the ADP job creation report and it was a disappointment, the weakest since July.
As I said yesterday economic indicators are starting t...
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Good news Wednesday and stocks come through. The S&P and the NASDAQ hit new all time highs and the DOW was up but not a new high. Precious metals recovered from a recent pull back. Gold is up $50 in 2 days and silver is up 8% over the same 2 days.
More retail sales news, some good some not. Another company announces a move from California to Texas.
The 10 year Treasury creeps higher as China sell Treasury bonds. So who is buying ...
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December 1, 2020 10 min
Tuesday, stocks were down yesterday. It's too early to call a peak in economic activity but the reports coming out are showing a stall in activity.
Is it political or a normal business cycle?
Joe Biden is announcing his appointments should be become President. The potential appointments are not unknown they all have long public records. Investors need to study their records and adjust their investments accordingly. See the attach...
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November 30, 2020 9 min
Monday, black Friday was a bust for in person shopping. Online shopping was up but it's too early to know if it will make up for the personal shopping drop. What does this mean for brick and mortar retailers?? Quote from the article: "Roughly half as many people visited stores on Black Friday as they did last year, according to research firms that track foot traffic. Meanwhile, online spending jumped 22% from a year ago, ma...
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Good news Wednesday and the markets come through. The Dow closed above 30,000 up 60% since March.
The housing market news was good but consumer confidence not so much.
Elon Musk is now the second richest man in the world. His net worth has increased $100 billion (that's BILLION) this year.
Yesterday I posted an article from Zerohedge titled "Investors Go All-in Without a Safety Net".
A quote from the article: "The marke...
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November 24, 2020 12 min
Tuesday, almost the end of a short week. The Dow was up and is closing in on 30,000.
Bitcoin is just short of 19,000.
Biden is in the process of announcing potential members of his administration. I you liked the obama years you'll be seeing a lot of familiar names.
Facebook messenger can hear you.
The attached article is further evidence of how the pandemic is changing how and where we live.
A quote fro the article: “I don’t belie...
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November 23, 2020 11 min
Monday, the beginning of a short week that is packed with reports housing, unemployment, consumer attitudes, durable goods orders and more.
Stocks were down Friday but futures are looking higher this morning.
Another vaccine making a total of 3 now with 90% + effective rate.
Corporations are starting to pay dividends again. After tightening the purse strings during the pandemic they are feeling better about restarting paying divid...
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November 20, 2020 10 min
TGIF, a late day rally saved the Dow from another loss yesterday.
The only bright spot in the news yesterday was the existing home sales report. Existing home sales were the highest in 14 years. Selling prices jumped 15% year over year.
Jobless claims rose and the Philly and Kansas City manufacturing indices dropped.
Online airline bookings dropped again.
This year the online shopping season will be the online scam season.
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November 19, 2020 11 min
Thursday, stocks were down again yesterday. I guess the thrill of a vaccine has worn off.
Mortgage applications rose again and housing starts were double the expected increase.
Bitcoin is at the highest since 2017.
The attached article documents how the economy and employment are changing as a result of the pandemic. A lot of people are making more money, the reason is telling.
Quote from the Wall Street Journal article:
"The coron...
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Good news Wednesday but stocks take a breather from the recent rally. Other economic news was good but shows signs of slowing.
Retail sales were up for the 6th straight month, industrial production was higher (see attached article) and the housing market index is at the highest level ever.
Soybeans are near a 4 year high and WalMart says the supply chain isn't keeping up with demand. If we were not in the middle of a political m...
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November 17, 2020 10 min
Tuesday, Dow and S&P 500 hit new all time highs. Who's worried about the virus, politics, the economy, stimulus running out at the end of December or anything else? Investors believe the Federal Reserve has this and they won't let anything bad happen. Let's hope they are correct.
Empire Manufacturing index reported yesterday and it slowed considerably.
The attached article indicates retail property owners are learning...
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