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Third Quarter GDP Released at 8:30

JP Morgan’s Jamie Dimon stated the other day that central banks got financial forecasting “100% dead wrong” about 18 months ago. Most, including the Federal Reserve, thought the economy would be near or in a recession by

S & P 500 Broaching its 200 Day Moving Average

The S & P 500 is broaching the pivotal 200 day moving average. Oil prices are at the highest levels in over a year.  The VIX or the fear index is at levels last experienced in March.  Long dated Treasuries are hovering around yields last experienced 16

Producer Price Index Released at 8:30

Equities rose and Treasury yields fell after comments from Fed officials bolstered speculation the central bank is heading toward another pause in interest rate hikes.  Oil edged lower, following its

The Selloff is Continuing

The number of available positions increased to 9.61 million from an upward revised 8.92 million in July according to the Job Opening and Labor Turnover Survey (JOLTS).  The level of openings topped all estimates in