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This April 26th morning we received the first estimate for Q1 2019 GDP, and it looked at first glance to be considerably better than was expected, with the economy expanding at a 3.2% annual pace versus consensus expectations for 2.3% and growth of 2.2% in Q4 2018. Just don't break out the cha...
On 26 June 2016, the new larger locks were opened in the Panama Canal. These new locks not only doubled the capacity of the canal but also raised the maximum ship size from 110 ft. wide, 1,050 ft. long, and 41.2 ft. deep to 180 ft. wide, 1,400 ft. long, and 60 ft. deep. According to the Fi...
Love this graph IBES by Refinitiv puts at the bottom of the first page of "This Week in Earnings" every week. That's about all you need to know right now: Q1 '19 earnings growth "expectations" were too low, and now that we are seeing actual earnings, the expected growth rate for Q1 '19 is ri...
Anyone with a penchant for skepticism had a leg up in 2018, when, for the first time in a long time, caution paid off. A simple "buy the dip" strategy failed for the first time in 16 years . (Morgan Stanley) While the media has variously trotted out Morgan Stanley's Mike Wilson as the p...
By OpenMarkets In earnings season, traders look for a pattern. The re-pricing of assets now has many market watchers re-evaluating their expectations for earnings, says Jack Bouroudjian. He also covers how the yield curve and strong U.S. dollar play into the latest rally. Editor's ...
By Robert Hughes New orders for durable goods jumped 2.7 percent in March, boosted by a 31.2 percent surge in nondefense aircraft and a 17.7 percent gain in defense aircraft. Because of the large per-unit price and the tendency for buyers to place orders for multiple aircraft at once, both...
By Jill Mislinski Here is the opening statement from the Department of Labor: In the week ending April 20, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 37,000 from the previous week's revised level. The previous week's level was revised up by 1...
The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, regaining ground lost in last year's rout. Stocks have flourished under a more accommodative Federal Reserve. In January, the central bank said it would hold interest rates steady, setting in motion the stock ma...
The US economy continues to show signs of stabilizing at a slower pace of growth, based on a broad set of economic and financial indicators. Although the possibility of a recession can't be ruled out in the second half of 2019 and beyond, the risk of economic contraction remains low at the mom...
Just a few weeks ago, markets were worried that the US economy might have stagnated in the first quarter. However, a recent raft of positive surprises means that we should be expecting 2.5% annualised growth from Friday's 1Q GDP report. A tough start There was considerable pessimism surrou...