Weekly Economic Report
The personal income and spending report for May indicates that consumers collectively continued to save more than 100% of the stimulus that the government has issued via one-time checks and Federal excess unemployment benefits. As a result, they are now sitting on an extra $2.1 trillion dollars – or 10% of GDP – in spending power. read more »
Weekly Economic Report
Last week, we noted that the economy remained too weak and the virus too strong. This week, we saw far better news on both fronts. Retail sales surprised on the high side by almost as much as the employment report had two weeks ago – bringing aggregate sales roughly two-thirds of the way back to the level seen pre-COVID. read more »
Top 50 Brokers of 2013
McVean Trading & Investments was a part of Futures magazine's annual Top 50 Brokers list. read more »
For markets and his city, commodities trader Charles McVean looks ahead
Charles McVean is featured in the Commercial Appeal. read more »