Both the stock market and the economy remain in a strong upward trend.
The Week That Was
The main economic news this past week comes from corporate earnings reports. With 15% of the S&P500 companies reporting, earnings and revenues have been extremely strong.
Year-over-year comparisons are explosive—due to the collapse in earnings last year. More important, Zach’s estimates overall second quarter earnings will be up 16% from the second quarter of 2019.
As for economic news, the Homebuilders’ Index for early July was a strong 80, though down slightly due to supply shortages in building materials.
Weekly unemployment data were mixed.
Initial unemployment claims leveled off at 394,000 in the two weeks ending July 17th. This is the same as June’s unemployment claims.
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Another weekly measure of unemployment is the number of those receiving unemployment payments. That number in the week of July 10th was down 29,000 to 3.2 million, its lowest level since March, 2020 when it was 3.1 million.
Things to Come The Markit business surveys for early July will provide the first indication of overall third-quarter strength in the economy. I continue to expect strong readings (near 60) for both manufacturing and service companies.Monday’s report on new orders for durable goods should continue to show the outlook for the economy remains strong.It is best to ignore Tuesday’s report on consumer confidence, which can be affected more by misleading news on Covid than economic insight.Wednesday’s report from the Fed on its latest policy decisions could be informative The Fed has indicated it will rein in its purchases of securities long before raising interest rates. Look for the Fed to begin hedging on when it will curtail purchases of securities.Thursday’s report on second quarter GDP will likely show rapid growth similar to that of the first quarter.Friday’s report on June’s consumer spending, incomes, and inflation will show strength in all categories at the end of the second quarter. Market Forces For the third consecutive week, stock prices were mixed.The Nasdaq and Nasdaq 100 led with gains of 1%. The S&P500 was slightly higher; the Dow slightly lower and small caps were mixed.The S&P […]
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
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We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
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- MyPatriotSupply: Stock up on long-term food, survival gear, and other things that you’ll need just in case things don’t recover and we keep heading towards apocalypse.
We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
Thank you and God Bless,