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 ...
It has been an incredible six months. Few were able to predict how quickly the narrative changed from global synchronized recovery to global synchronized slowdown. Even fewer predicted how ...
Growth has slowed in the EU and China but increased unexpectedly in the US during the first quarter to a 3.2% rate. Today is the first revision of economy’s first quarter performance and analysts are expecting a ...
First quarter GDP is released at 8:30. Consensus is expecting a first quarter growth rate of 2.3% albeit the range of estimates is wide with some suggesting a 1.5% growth rate while others a 3.1% pace. In early March consensus was predicating ...