Did record third quarter growth impact yesterday’s seven-year Treasury auction? In my view the lack luster demand, defined by the weakest demand for bonds by a two standard deviation margin, was ...
Equities stumbled the most in four months. There were numerous catalysts. Rising COVID cases. Reality setting in Biden could win thus ushering in an unprecedented wave of ...
Markets advanced Friday as the Markit composite PMI rose further above 50 in August and adds to the evidence that the rebound in economic activity has been resilient to both the ...
Equities declined on Covid nervousness. In some regions, cases are rising dramatically. New York, New Jersey and Connecticut are requiring visitors to self-quarantine if traveling from...
We are living in extremely unique times. Yesterday many were elated that continuing unemployment claims, claims which tally ongoing benefit claims in state programs, fell to 21.2 million. Moreover, the prior ...
Before the coronavirus, the US economy was on pace to measure a 3% annualized first quarter growth rate. Analysts are now suggesting 1Q growth to contract by 4.0%. ...
The first print of third quarter GDP validated my long held view of today’s recessionary fears are vastly overblown. The economy expanded at a 1.9% annualized rate versus the consensus view of a 1.6% pace. Perhaps the most significant aspect of the report...
Equities led by the energy shares traded higher as all are awaiting new developments in the increasingly unpredictable Sino-American trade war. The 10-year Treasury closed around a three year low yield of 1.45% and ...
Initial estimates suggest the economy expanded at a 2.1% annual rate during the second quarter. Analysts had expected a 1.8% increase. The increase was the result of increased consumer spending. Excluding the volatile trade and ...
Initial estimates of second quarter GDP is released at 8:30. Analysts are expecting a 1.8% growth rate as the decline in inventories is expected to subtract about 1.3% from growth. This is the inverse from the first quarter when inventory ...