Note: The charts in this commentary have been updated to include the Q4 2017 Third Estimate released this morning. The chart below is a way to visualize real GDP change since 2007. It uses a stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of…
The last couple of hours in US markets heavily influenced Asia’s opening despite signs of DOW futures stability. Technology was hit hardest and continues to lead much of the move around the globe. Shanghai was off around 1% at the open but then attempted a positive print. However, that was eventually rejected and closed down…
Bitcoin has made a lot of people a lot of money. That’s a fact. But that’s not why bitcoin was created. Bitcoin was created to fight against Section 402 and things like it. Now, it should be explained at the outset that bitcoin’s mysterious creator, Satoshi Nakamoto, didn’t know what Section 402 was. But he did know…
Jordan Roy-Byrne joins me today to outline the recent movements in gold, the USD, and treasuries. After the strong upward move by gold last week people were thinking we could finally get that breakout above the $1,360-$1,375 range. The last couple days have put an end to those thoughts and now being one day away…
The third estimate of fourth quarter 2017 Real Gross Domestic Product (GDP) was revised upward to 2.9 % from the second estimate’s 2.5%. Analyst Opinion of GDP The increase in GDP in this third estimate was primarily due to an increase in consumer services spending and less negative inventory change. The consumer spending improved from…
The once glorious world of FANG isn’t doing as great as it once was:
Amazon plunged today after media rumours surfaced about President Trump’s intentions towards its taxation, as shown on the following daily chart of AMZN. A drop and hold below major support at 1440.00 could see a further decline to 1400, or lower. The dramatic plunge on the momentum indicator signals further volatility and wild price swings ahead for this stock. The following daily charts of the FAANGs shows…
Trump is sure to howl over this month’s trade report. The trade deficit rose again. The BEA’s Advance International Trade report shows the deficit in February rose by 0.1 percent to $75.4 billion. However, the BEA revised January from a deficit of $74.4 billion to a deficit of $75.3 billion. The international trade deficit was $75.4 billion…
The Third Estimate for Q4 GDP came in at 2.9% (2.89% to two decimals), down from 3.2% in Q3. With a per-capita adjustment, the headline number is lower at 2.09% to two decimal points. Here is a chart of real GDP per capita growth since 1960. For this analysis, we’ve chained in today’s dollar for…
We’re Already Experiencing a Stock Market Correction The Dow Jones Industrial Average (DJIA) may have rebounded, posting a record-breaking session on Wall Street, but how long can stocks maintain this pace? It seems not long at all. Stocks reversed the bullish streak seen on March 26. The glimpse of optimism, resulting from the announcement that…
