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US Economy Likely Advanced At A Slower Pace In Q1, 2017

US Economy Likely Advanced At A Slower Pace In Q1, 2017

The preliminary estimates for the first quarter’s gross domestic product (GDP) for the U.S. will be published today by the Department of Commerce. Economists polled have forecast that the pace of economic activity in the three months ending March might have increased at a slower pace of 1.3%, compared to the previous quarter (Q4) of […]
UK GDP Q1 2017 Misses With 0.3% – GBP/USD Wobbles

UK GDP Q1 2017 Misses With 0.3% – GBP/USD Wobbles

The UK was expected to report a quarterly growth rate of 0.4% in its Gross Domestic Product in the first quarter of 2017. In Q4 2016, the economy grew by a robust 0.7%. Year over year, GDP carried expectations for +2.2% against 1.9% beforehand. GBP/USD was rising ahead of the publication, trading around 1.2930, the […]
Da Basics

Da Basics

We’re four days into the trading week. For me, Monday was a “2”, Tuesday was a “3”, Wednesday was a “6”, and Thursday was a “7”. So……….progress. A week that started off vomit-inducing is getting better. I’d appreciate Friday being a 10, thank you very much. The charts don’t necessarily point to that, however. The […]
US GDP Preview: Is The US Economy Grinding To A Halt? Finally The Hardest Data Of All

US GDP Preview: Is The US Economy Grinding To A Halt? Finally The Hardest Data Of All

After a relatively slow 2016 with 1.6% growth, 2017 began with confusing data points. Business and consumer surveys point to robust growth. However, figures such as retail sales, durable goods orders and others point to a very slow rate of growth. Will the debate be settled now? The first release of GDP is the most […]
Advance Notice: Subtract 0.2 Percentage Points From GDP Report

Advance Notice: Subtract 0.2 Percentage Points From GDP Report

Whatever the GDP report shows Friday morning, it’s likely to be on the high side by 0.2 percentage points. Of course, GDP is already one of the most revised stats, but this quarter estimate may be particularly bad due to methodology changes not implemented in time. The Wall Street Journal explains Why the GDP Report Could Make U.S. Growth Look Rosier […]
Sensex Opens Lower; Realty Stocks Drag

Sensex Opens Lower; Realty Stocks Drag

Asian equity markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.35%, while the Hang Seng is down 0.39%. The Nikkei 225 is trading down by 0.20%. The European markets ended Thursday’s session in the red as market participants were disappointed after the European Central Bank (ECB) again made no changes to its […]
GoPro Beats Q1 Revenue Estimates: Sales Up 19%

GoPro Beats Q1 Revenue Estimates: Sales Up 19%

GoPro, Inc. (GPRO – Free Report) released its financial results for the first quarter of 2017, posting a loss of $0.44 per share and revenues of $218 million. Currently, GoPro is a Zacks Rank #2 (Buy), and is down 2.2% to $8.94 per share in trading shortly after its earnings report was released. Beat earnings estimates.The company […]
The Looming, Big Catalyst For Gold

The Looming, Big Catalyst For Gold

Gold bulls were hopeful that Gold could break its 6-year downtrend but recent underperformance in the gold stocks and Silver argued otherwise. Those markets have been crushed in the past two weeks as US and global equities pushed higher. In fact, the S&P 500, small caps and global equity indices have rebounded back to recent […]
Record High For SPX:VIX Ratio

Record High For SPX:VIX Ratio

Today (April 27) marked another milestone as the SPX:VIX ratio hit an all-time high, along a record high on the Momentum indicator, as shown on the following Monthly ratio chart. We’ll see if that continues if Congress fails take over the reigns from the Fed (who are now tightening monetary policy) and move forward with President Trump’s fiscal policies to […]
A Deluge And An Eclipse

A Deluge And An Eclipse

Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 6 = 20,981 SPX + 1 = 2388 NAS + 23 = 6048 (record high close) RUT – 2 = 1417 10 Y – .02 = 2.29% OIL – 1.01 = 48.61 GOLD – 5.50 = 1264.50 Today brought a deluge of earnings. […]