Get ready for a bump up the ladder. The economic momentum is shifting to form a solid foundation for the next leg-up in the market.
– U.S. private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook for the second quarter.
– Oil prices fell more than 1 percent on Thursday as the Organization of the Petroleum Exporting Countries ended a recent meeting without setting a ceiling for its production.
Jobs, lots of jobs and oil has found a base of its own, for now. It can’t seem to break $50, and it refuses to go below $48. It seems to be the sweet spot the market likes, but how long can speculators keep the price propped up? Prices likely will drop further, but the market not seriously dropping in the morning after the bad OPEC meeting and the good economic news suggests market consolidation – raising interest rates is built in and oil prices have found a temporary home. Now we wait
In the meantime …
– The U.S. solar market is booming—2016 is predicted to be the largest year ever for both rooftop solar and utility-scale installations.
– But shifting economic forces could spell trouble for some of the largest companies in the industry
Solar installation is so cheap now, the leasing model of both Solar City (SCTY) and Sunrun (RUN) is fading, which means a drop in stock price for each. Of the two, Solar City is already moving to a new model and Sunrun is suggesting it is just fine. Is this a buy or sell opportunity?
