Q1 2024 Active Management Review: Momentum And Growth Factors Outperform
↵Image Source: Pixabay Another strong quarter in markets led to another stellar performance for the Momentum and Growth factors.The first quarter of 2024 picked up where the final quarter of 2023 left off, with most markets finishing in positive absolute territory as inflation continued to moderate, suggesting that a more favorable environment for growth could unfold […]
Gold Price’s Behavior Is… Normal
Image Source: Pixabay Confused by the back-and-forth move in gold? It’s actually quite simple.Gold broke below its rising support line, and it’s now verifying this breakdown by moving back to this line and taking a breather in general. This is a completely normal post-breakdown phenomenon. The important thing is that gold remains below the rising line […]
Economic Growth Forecasts For G7 And BRICS Countries In 2024
The International Monetary Fund (IMF) has released its real gross domestic product (GDP) growth forecasts for 2024, and while global growth is projected to stay steady at 3.2%, various major nations are seeing declining forecasts.This chart visualizes the 2024 real GDP growth forecasts using data from the IMF’s 2024 World Economic Outlook for G7 and BRICS member […]
US Indices Slide As Latest GDP Data Paints A Worrying Picture
Image courtesy of 123rf.com The US economy grew at a slower-than-expected pace in the first quarter of 2024, with the gross domestic product (GDP) increasing at an annualized rate of 1.6%, falling short of the projected 2.2%. The lackluster growth was primarily attributed to a significant slowdown in consumer spending and reduced federal government spending. US GDP […]
Dow Cratering Toward Worst Day Since March 2023
The Dow Jones Industrial Average (DJI) was last seen down a whopping 620 points, pacing for its biggest single-day percentage drop since March 2023. Smaller-than-expected gross domestic product (GDP) growth for the first quarter is weighing on Wall Street, with the Nasdaq Composite (IXIC) also down triple digits while the S&P 500 Index (SPX) carries a […]
Money Supply Sees Major Jump In Recent Weeks
Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.One key metric shown below is the “Wenzel” 13-week annualized money supply figure. It was made popular by […]
Leading Indicators In The Q1 GDP Report Are Mixed
Most of the commentary you will read about Q1 GDP that was released this morning will be about the core coincident components. For that, I will simply oo “much of the slowdown was in non-inertial items like inventories (-0.35pp) and net exports (-0.86pp). The better signal of final sales to private domestic purchasers was 3.1%.” I […]
2024 Q1 GDP Underperforms Expectations At 1.6 Percent Vs 2.3 Percent Expected
First-quarter GDP was lower than any estimate in the Bloomberg Econoday consensus range of 1.7 percent to 2.8 percent. Inflation was higher than expected.GDP and GDI from the BEA, chart by Mish Chart Notes Gross Domestic Product (GDP) and Gross Domestic Income (GDI) are two measures of the same thing. Product produced should match sales […]
Analytical Overview Of The Main Currency Pairs – Thursday, April 25
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0702 Prev Close: 1.0698 % chg. over the last day: -0.04 % On Wednesday, the euro strengthened after the IFO German Business Climate Index rose more than expected to an 11-month high for April. Also bullish for the euro were hawkish comments from ECB Governing Council […]
US GDP Growth Slows Markedly, And Inflation Remains The Focus
Image Source: Pixabay US GDP growth slowed to 1.6% annualized in the first quarter of this year, less than half the 3.4% rate recorded in 4Q23, but core inflation was stronger, picking up from a 2% annualized rate to 3.7%. This implies upside risks to tomorrow’s key monthly core PCE deflator and makes a near-term rate […]
