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By Ansh Chaudhary After the market experienced its worst-performing December since the Great Depression, the Dow Jones Industrial Average and the Nasdaq Composite Index have started this year with historic rallies. According to CNBC , "This is the first time since 1964 that the Dow has ...
"Even the most circumspect friend of the market would concede that the volume of brokers' loans - of loans collateraled by the securities purchased on margin - is a good index of the volume of speculation." - John Kenneth Galbraith, The Great Crash, 1929 January margin debt figures wer...
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By David Altig, executive vice president and research director in the Atlanta Fed's Research Department; Nick Bloom, the William D. Eberle Professor of Economics at Stanford University; Steven J. Davis, the William H. Abbott Distinguished Service Professor of International Business and Econom...
As markets jolt about on talk of US-China trade concessions, the broader imbalances and conflicts between the two nations will not be easily resolved. China's slowing economy and President Trump facing re-election in 2020 seem to point toward the two largest economies making a modest c...
This week's delayed fourth-quarter report on US gross domestic product ((GDP)) remains on track to confirm that US economic growth continued to slow. The Bureau of Economic Analysis is expected to report (on Thursday, February 28) that the expansion moderated for a second straight quarter, bas...
The market is downright bullish. There is little reason to argue the point given the bullish trend since the December 24th lows. Of course, such is not surprising given the Fed's dovish turn from tightening monetary policy to quietly putting the "punch bowl" back on the table. But yet,...
By Jill Mislinski "Index points to slower economic growth in January." This is the headline for this morning's release of the Chicago Fed's National Activity Index, and here is the opening paragraph from the report: Led by declines in production-related indicators, the Chicago Fed Nat...
By Christopher Gannatti, CFA, Head of Research, Europe When the VIX hit 36 at the end of December 2018, the last thing we would have thought would be that risk-on strategies might have a strong month in January 2019. It would have represented a strong trend reversal. But it's exactly wha...