October 28, 2024 @ 12:41 pm | AAPL, AMZN, Breaking News, GOOG |
Expect Big Tech earnings reports and more earnings reports this week.. All capped on Friday with the October jobs report, the last one before the November 7 meeting of the Federal Reserve on interest rates. (Which means that the Fed will be in its blackout period...
July 26, 2024 @ 8:17 am | Breaking News |
The U.S. economy grew at a stronger than expected 2.8% annualized rate in the second quarter. The growth rate for the quarter that ended in June was double the 1.4% rate in the first quarter. Consumer spending and business investments drove almost all of the second...
March 22, 2024 @ 6:08 pm | Breaking News |
You know the saying, When all you have is a hammer, every problem looks like a nail? How about this data world version, When you don’t track the data, you can’t see the problem? I was drawn to paraphrase the classic hammer/nail adage by the release of the Federal...
October 26, 2023 @ 12:24 pm | Breaking News |
The U.S. economy grew by an annual rate of 4.9% in the third quarter, the strongest pace since 2021 and twice the pace of growth in th second quarter. Before the report from the Bureau of Economic Analysis, economists surveyed by Bloomberg were expecting annual growth...
October 23, 2023 @ 5:07 am | Breaking News |
The expected strong GDP growth report for the third quarter to be released on Thursday will send the bond market wild again. The U. S. economy, economists project, grew at the fastest rate in nearly two years in the third quarter. The actual figures from the Bureau of...
July 29, 2022 @ 7:29 pm | Breaking News |
After looking like it was over earlier in the week with a significant pull back on Tuesday, July 26, stocks have rallied in the last two days, gaining 3.85% by the Thursday, July 28 close from that Tuesday low. And right now all the ducks are lined up in a row for a...
June 29, 2022 @ 11:09 pm | Breaking News |
The U.S. economy shrank at an annualized pace of 1.6% in the first quarter. The Bureau of Economic Analysis’s third and final estimate of first-quarter GDP released Wednesday, June 29, showed a 1.6% annualized drop in economic growth in the first quarter of...
April 28, 2022 @ 11:59 pm | Breaking News, Buy Hold Sell |
The U.S. economy unexpectedly shrank at a 1.4% annualized rate in the first quarter of 2022, the Bureau of Economic Analysis reported Thursday, April 28. The first quarter results follow on a 6.9% growth rate in the fourth quarter. Economists had projected a 1% rate...
April 28, 2022 @ 11:45 pm | Breaking News |
Data, data everywhere in the next two days. From inflation to GDP. To begin with the Bureau of Economic Analysis is scheduled to report first quarter U.S. GDP growth on April 28. Economists expect to see that the economy has grown at an annualized rate of just 1.1% in...
January 27, 2022 @ 7:41 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. My ninety-third YouTube video “What if the Fed is wrong?” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
July 29, 2021 @ 7:32 pm | Breaking News |
U.S. gross domestic product grew 1.6% in the second quarter of the year, the Commerce Department said today, July 29. That’s up from 1.5% growth in the first quarter of 2021. On an annualized basis, second-quarter growth was 6.5 percent. It is, however, well...
October 29, 2020 @ 7:19 pm | Breaking News, Volatility, You May Have Missed |
As of the close today, October 29, the Standard & Poor’s 500 was up “just” 1.17%. (The NASDAQ Composite had gained 1.64% and the Dow Jones Industrial Average had picked up 0.52%) I say “just” because after yesterday’s 3.53%...
October 28, 2020 @ 6:41 pm | Buy Hold Sell |
I was going to add more downside protection today but I’m putting any Put or short ETF buying off for a day or so–until I see how disruptive to the current downward trend tomorrow the first read on third quarter GDP, to be released tomorrow before the...
April 29, 2020 @ 7:24 pm | Breaking News |
The U.S. economy contracted at a 4.8% annualized pace in the first quarter. That’s the worst slide since 2008 and the first down quarter for growth since 2014. Consumer spending, no surprise in days of coronavirus shelter at home orders, led the decline (with a...
January 30, 2020 @ 7:22 pm | Breaking News |
The U.S. economy grew at a 2.1% annualized rate in the fourth quarter. That matches the growth rate for the third quarter and is slightly above the 2% growth predicted by economists surveyed by Bloomberg. Full-year GDP growth finished at 2.3% in 2019, the lowest of...
October 7, 2019 @ 7:29 pm | Breaking News |
Busy, busy, busy. Here’s what we know to be on tap for the rest of October as of today October 7. U.S.-China trade talks are set to resume on Thursday, October 10. That means a switch from a period when both nations were issuing statements and policy steps...
July 26, 2019 @ 7:44 pm | Breaking News, Volatility, You May Have Missed |
The U.S. economy grew at a seasonally adjusted annual rate of 2.1% in the second quarter, the Bureau of Economic Analysis reported this morning. Economists surveyed by Briefing.com had projected that year over year growth in GDP would fall to 1.8%. So today’s...
July 25, 2019 @ 6:42 pm | Breaking News, Volatility |
U.S. stocks paused as expected today ahead of tomorrow’s initial report on growth in U.S. GDP for the second quarter. Economists surveyed by Briefing.com are expecting that GDP growth dipped to 1.8% year over year in the quarter, down from 3.1% in the first...
April 26, 2019 @ 7:43 pm | Breaking News |
The U.S. economy grew at a 3.2% real rate in the first quarter. That’s substantially stronger than the 2.2% growth in the fourth quarter and way above projections for 1.9% growth among economists surveyed by Briefing.com. Inflation remained very subdued with the...
October 26, 2018 @ 2:34 pm | Breaking News, Volatility, You May Have Missed |
Real GDP (that is GDP discounting any gains from inflation) increased at an annualized rate of 3.5% in the third quarter. Economists surveyed by Briefing.com were looking for 3.3% growth rate. In the second quarter GDP grew at an annualized rate of 4.2%. Big driver in...
July 3, 2018 @ 6:09 pm | Breaking News, Volatility, You May Have Missed |
Not so long ago major economic forecasts such as the GDPNow forecast from the Atlanta Federal Reserve Bank were calling for second quarter U.S. GDP to grow at an annual rate of better than 4%. That was extraordinarily strong growth and it fit in with forecasts from...
October 27, 2017 @ 6:50 pm | Breaking News |
The economic data this morning paint contradictory pictures on the strength of the U.S. economy. On the one hand GDP in the third quarter grew at a 3% annual rate. That was far better than the 2.6% expected by economists surveyed by Bloomberg. With the 3.1% growth in...
July 31, 2017 @ 6:26 pm | AMZN, Breaking News, FB, Jubak Top 50 Portfolio, Volatility, You May Have Missed |
Let’s try to put together a few events from last week into a coherent (or, if that’s too much to hope, at least a semi-coherent) explanation for where the equity market stands now. What events, you ask? How about Friday’s report on second quarter GDP...
July 28, 2017 @ 7:32 pm | Breaking News |
The first reading on second quarter U.S. GDP growth from the Bureau of Economic Analysis puts growth at 2.6% year over year. That’s below the consensus of 2.8% growth among economists surveyed by Briefing.com. But an important advance from the growth rate in the...
July 27, 2017 @ 7:37 pm | Breaking News |
Headline durable goods order climbed 6.5% in June. That’s well above the 2.9% increase expected by economists surveyed by Briefing.com, and quite a turnaround from the revised 0.1% drop recorded in May. Â The headline numbers weren’t nearly as good as they...
July 5, 2017 @ 6:43 pm | Breaking News |
On July 3 the Atlanta Federal Reserve’s GDP forecast for second quarter GDP growth climbed to 3% year over year. That’s up from a forecast on June 30 Â for 2.7% growth for the quarter that ended on June 30. If the forecast proves accurate that would be good...
May 30, 2017 @ 7:44 pm | Breaking News, Volatility, You May Have Missed |
Consumer spending picked up in April, signaling that growth in the economy as a whole is headed for a rebound after a weak first quarter. Purchases increased by 0.4% in April, matching projections from economists surveyed by Bloomberg, after a 0.3% gain in March, the...
May 22, 2017 @ 7:19 pm | Breaking News |
I’ll grant you that it’s hard, very hard, right now to pay attention to economic fundamentals. There’s the upcoming OPEC decision on oil production cuts, President Trump’s first overseas tour, the continuing circus in Washington and more. But...
April 27, 2017 @ 8:00 pm | Breaking News |
Modestly disappointing economic numbers were released today ahead of tomorrow’s report on first quarter GDP. Not that much seems to matter with the market transfixed by wrangling in Washington over a potential government shutdown, a possible Saturday vote in the...
October 27, 2016 @ 3:07 pm | Breaking News, Jubak Top 50 Portfolio, Volatility |
Earnings reports from Amazon (AMZN) and Alphabet (GOOG) after the close today. Earnings from ExxonMobil(XOM) before the open tomorrow. The advance report on third quarter U.S. GDP at 8:30 a.m. New York time tomorrow. Yep, the financial markets in New York are going to...