Currencies are looking for new directions as the quarter draws to a close and the new one begins. What’s next? Here are the views for major pairs: Here is their view, courtesy of eFXnews: EUR/USD: Neutral (since 05 Mar 18, 1.2335): Immediate pressure has shifted to the upside. No change in view. We highlighted yesterday (26…
Note: The charts below have been updated with the latest Personal Consumption Expenditures price index from the Bureau of Economic Analysis. The annualized rate of change is calculated to two decimal places for more precision in the side-by-side comparison with the Consumer Price Index. The BEA’s Personal Consumption Expenditures Chain-type Price Index for February, released this morning, shows…
iStock.com/Golden_Brown Ignoring History Will Lead to Another Financial Crisis Without understanding history, we cannot explain the present. This is certainly the case with economics. Since the 1950s, the tendency has been to advance this discipline as a science, removing the human element and using many assumptions and more mathematical formulas to process them than the “Apollo 11”…
Digital currencies plunged Thursday in a market sell-off that showed no sign of abating. The No. 1 digital currency, bitcoin fell below $7,500, trading to an intraday low of $7,331.52. A single bitcoin was last exchanged at $7,427.60, down 6.3%. Other major digital currencies have taken bigger hits with many losing more than 10%. Tron is…
The GDPNow forecast jumped 0.6 percentage points this week, but nearly all of it was inventories. The Consumer has died. The GDPNow Forecast jumped 0.6% today, but 0.5 percentage points was an inventory adjustment. The GDPNow assessment of real final sales, the bottom-line measure of the economy, is only 1.2%, up 0.1 percentage points from a week…
The GDPNow forecast jumped 0.6 percentage points this week, but nearly all of it was inventories. The Consumer has died. The GDPNow Forecast jumped 0.6% today, but 0.5 percentage points was an inventory adjustment. The GDPNow assessment of real final sales, the bottom-line measure of the economy, is only 1.2%, up 0.1 percentage points from a week…
After a blockbuster start to 2018, the rally in the global stock market fizzled out to end the quarter. This is especially thanks to a series of challenges including inflation fears, speculation of faster-than-expected rates hike, Washington turmoil, and protectionist and anti-trade Trump policies. A massive tech selloff was the major culprit that sent the…
Earlier this week, it was reported by CBNC financial that an in-depth working paper from Rice University found that investors made 1.5% more when researching stocks. With the average S&P 500 RoI only totalling 11.29%, that equates to a big extra chunk of money. Along with the advent of high technology, which has been accelerating every…
SPX Trendline Battle, Relative Strength in RUT We reviewed the daily charts after yesterday’s close and noticed that the Russell 2000 Index, the NYA and transportation stocks all exhibited relative strength (the same holds actually for the DJI), particularly vs. the FANG/NDX group. This is happening just as the SPX is battling with an extremely…
The headline data this month poor month-over-month growth in expenditures – but still with expenditures year-over-year growth well above income growth – with the savings rate remaining historically low (but improved this month). Analyst Opinion of Personal Income and Expenditures The savings rate improved but remains near 21st century lows. Consumer spending growth is higher…
