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By Jill Mislinski The Advance Estimate for Q2 GDP, to one decimal, came in at 2.1% (2.06% to two decimal places), a decrease from 3.1% for the Q1 Third Estimate. Investing.com had a consensus of 1.8%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news...
You can see it in the GDP numbers, even before they were revised. Globally synchronized growth was always less impressive than what it was made out to be. It's as true overseas as in the US. The upswing was endlessly hyped, but there was so much less behind it in reality. Reflation #2 was a ...
Late last month S&P Dow Jones Indices reported preliminary dividend and buyback results for the S&P 500 Index for first quarter of 2019. On a quarter-over-quarter basis, dividends declined by $2.48 billion. This sequential decline in the first quarter versus the fourth quarter is not...
The technical picture of the US stock market isn't all that healthy right now. In fact, the only other time we have seen divergences in breadth this large was during the blow-off years of the tech bubble. Bottom line: Breadth levels are warning of a possible market top. Let's first start by ...
We're a little over the halfway point between the Federal Open Market Committee's scheduled meetings , where the Federal Reserve's interest rate-setting body will announce a quarter point rate cut in the Federal Funds Rate at the conclusion of its next two-day meeting on 31 July 2019, its fir...
The Federal Open Market Committee (FOMC) is poised to cut the policy rate at its meeting on July 30-31, but members of the committee are divided. Markets are pricing a 25 basis point (bp) cut, and we believe that is the most likely outcome, but we also see a meaningful chance of a 50 bp cut. ...
June consumption was strong, while production was weak Tuesday morning's retail sales and industrial production releases for June are consistent with my take that the consumer sector of the economy is doing OK, while the production sector remains in trouble. Let's start with retail sales...
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...
While listening to Fed Chairman Powell's Humphrey Hawkins testimony to Congress on Wednesday and Thursday of last week, I noticed his response to a question asking if we had gone past the point of no return regarding our national debt of $22,489,174,200,900. He was quick to point out this ye...