The Third Estimate for Q3 GDP, to one decimal, came in at 2.0 percent, little changed from the 2.1 percent for the Second Estimate. Today’s number was on par with most mainstream estimates, withInvesting.com forecasting 1.9% and Briefing.com forecasting 2.1 percent. Here is an excerpt from the Bureau of Economic Analysis news release: Real gross domestic product —…
Mid-Cap 400 (MDY) and Russell Small Cap 2000 (RUT) remain inside of clean multi-year rising channels. Each has made a series of lower highs since the peaks this past summer. It has paid to buy each of these on rising support, will it be different this time? From a 30,000 foot view, the Power of…
Reflexively, a stronger EUR/USD at any point in Q1’16 will increase the chances of the ECB acting again in March; and if EUR/USD is weak all quarter long, then it becomes highly unlikely that the ECB ease further – which in and of itself, as we saw on December 3, is a very powerful…
On Monday, Japanese technology conglomerate Toshiba Corp. (TOSYY) put its healthcare division up for sale in a move that has the company seeking outside help after seeing a $4.5 billion loss for the current business year. Image: Getty Images TOSYY stock was hit hard by the news, with shares plunging over 9% and losing more…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH16 +0.02%) are up +0.02%and European stocks are up +0.09%% as crude oil prices (CLG16 +0.20%) gained +0.45% in overnight trading. European stocks also found support after German Dec GfK consumer confidence unexpectedly rose. Gains in stocks were limited as weaker metals prices undercut miners and raw-material producers….
As investors pin their hopes on more movement from the People’s Bank of China to intervene in the Yuan’s strength, antipodean currencies were able to find some support. Both the Aussie and Kiwi Dollars were big movers in the FX market, as a result. Also giving a lift to the AUD/USD and NZD/USD pairs was…
I suppose you could say we have World War II to thank. Upon returning from the war, soldiers had their GI benefits to enjoy and a deep-seated desire to start a family. And so was born (quite literally) the baby boom, and an accompanying surge in home buying. Out of the ashes of destruction arose…
What investor wouldn’t want to own a tech unicorn? That is, a technology company, still private, that has a billion dollar-plus valuation based on its fundraising. Initial investors cash in on unicorns in a big way when these companies are either bought out or go public in an IPO. But that’s the realm of Wall Street and…
Hot stocks of the day: ABX, USO Video length: 00:03:03
Chinese officials stated that the government is set to implement accommodative policy measures to support economic growth after the country’s Central Economic Work Conference concluded. Some of the actions include the following: Gradually widening the fiscal deficit by reducing taxes Supporting the housing market recovery, which may mean increasing access to credit Putting a floor…
