FLASH: White House economic advisor Larry Kudlow says the Fed should still cut interest rates despite strong economic growth in Q-1. The government said GDP, expanded by 3.2% in Q-1 of this year, which the veteran financial guru and former Ronald Reagan adviser called “a blow out number.” “The inflation rate continues to slip lower […]
FLASH: White House economic adviser Kevin Hassett said the “blockbuster” 3.2% economic growth in Q-1 is “absolutely” sustainable. The Trump Administration has already been forecasting 3.2% economic growth for Y 2019. “Maybe we would revise it up,” he said in a TV interview.. “The number was 3/10ths lower because of the government shutdown and … […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Real GDP increased at an annual rate of 3.2% (consensus 1.9%), according to the advance estimate for Q-1 GDP, a blockbuster number. President Trump is Supercharging the US Economy! President Donald Trump’s re-election hinges on supercharging the US economy, and data showing faster than expected growth provided him a […]
Reports of the demise of the US economy have proved unfounded as Q-1 activity showed strength. The US economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. The gain was well above forecasts. Economists polled had forecast a 2.3% increase in GDP. The economy grew at a […]
$XAU, $GLD, $USD President Trump’s plans to nominate Stephen Moore and Herman Cain to the Fed board, and that move points back to The Gold Standard, a policy option once advocated by both men and President Trump himself. The Big Q: What is the case for returning to The Gold Standard? The Big A: Is […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 Breaks Above 2800, and President Trump Grounds Boeing’s 737 Max 8 Aircraft S&P 500 broke above the 2800 mark, and all 11 sectors finished in the Green Weakening USD was an area of support for the broader market and the earnings prospects for multinational companies President Trump […]
The global economy’s softened throughout Y 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago. A new GDP tracker puts world growth at 2.1% on a Q-Q annualized basis, down from about 4% in the middle of last year. While there is a chance that the economy […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FlASH: Our works shows that this Bull market is still intact Over the past 10 years long haul investors have been handsomely. The Big Q: Is there more? The S&P 500, the U.S. market’s benchmark index, has gained about 310% since bottoming out at 676.53 points in 9 March 2009 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Job creation and wage growth are still important things to watch for in the monthly NFP report for February that will be released Friday. The other partial indicators already suggest that the labor market will remain solid. The focus now will be on the labor-force participation rate because the […]
Australia’s central bank stuck to its upbeat view of the economy after it held rates at record lows in a widely expected move Tuesday, a day before GDP data is likely to show domestic momentum almost stalled last Quarter. The Reserve Bank of Australia (RBA) ended a 30th meeting running with rates at 1.50% and […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around. Also, President Trump is mulling a report that may lead him to […]
$GS, $USD, $USO, $OIL FLASH: On the global markets, some green shoots are emerging. The global economy may have already bottomed out, according to Goldman Sachs Group Inc. Chief Economist in a note Tuesday. While growth remains soft, Goldman’s current activity indicator in February is slightly above the downwardly-revised December and January numbers. Some green […]
The US economy will grow at a solid though slower pace in Y 2019 and the Fed will remain “patient” in deciding whether to further raise interest rates, Fed Chairman Jerome Powell said Tuesday. Chairman Powell reaffirmed the policy shift made by the Fed last month, telling a Senate Banking Committee hearing that “crosscurrents and […]
FLASH: US Growth Estimates Raised US wholesale inventories increased by the most in more than 5 years in December. The surge in wholesale stocks reported by the Commerce Department on Monday, however, implied inventories were less of a drag on economic growth in Q-4 than previously thought. As result, economists boosted their Q-4 GDP growth estimates by […]
Friday, the Fed said, that The Trump Administration will fall “a little under” its target of 3% annual GDP for Y 2018, the report offers an economic scorecard of sorts for the 1st full year of President Trump’s term. Growth for the year was “solid,” the Fed report said, as GDP “rose a little bit under 3% for the […]
The National Retail Federation, the nation’s largest retail trade group, forecasts that retail sales should grow between 3.8 and 4.4% to more than $3.8-T this year as shoppers remain in the mood to spend in a strong US economy and job market. The forecast, released Tuesday, is in line with the 4.6% gain the group preliminarily estimated […]
The US economy is strong and growing despite billions of dollars in losses during the recent partial government shutdown, said Grover Norquist, President of Americans for Tax Reform Tuesday while discussing a Congressional Budget Office report that $11-B was lost, with $3-B deemed a complete loss. “The Key thing is the economy continues today to grow and […]
$BAC US real estate brokers are trying to figure out why sales of existing homes dove in December. US home sales fell to their lowest mark in 3 years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the National Association of Realtors […]
China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said Wednesday. Mounting US trade tariff pressure on the world’s 2nd-biggest economy pushed growth last year to its lowest since Y 1990 even as Beijing stepped up stimulus measures […]
$SPY, $GLD Surprise, after all of the ‘bunk’ you have heard since early October, do not be shocked that there will be no additional Fed rate hikes, a 20% S&P 500 rally and no recession.. Byron Wein defines “surprise” as an event that the average investor would only assign a 33% chance of taking place […]
US consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. The upbeat data from the Commerce Department on Friday bolstered expectations that the Fed will raise interest rates at its 18-19 December policy meeting, despite moderating inflation […]
White House economic adviser Kevin Hassett predicts that US economic growth will defy expectations again in Y 2019 because of a business investment boom and President Donald Trump’s trade strategy. “We’re definitely going to be at 3 or above 3 for next year as well,” Mr. Hassett said on TV Wednesday The Council of Economic Advisers […]
The Trump Tax Cuts Still Driving Economic Growth Friday, White House economic adviser Larry Kudlow said that The Trump Administration tax cuts of Y 2017 are still working to boost the economy and fuel economic growth. “I think the tax cuts are working. I think nominal GDP is much higher than people expected,” Mr. Kudlow […]
Growth in the US Economy Remains Strong The Fed is expected to raise interest rates again next month and 3X next year The probability of a US recession in the next 2 years, while low, moved up to a median 35% from 30% in the latest monthly Reuters survey of economists taken between 13-19 November. […]
US Industrial Production Moving Higher $USO, $UGA, $USD US industry expanded in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up 0.1%, the 5th straight monthly gainer, following a 0.2% advance in September and a 0.8% advance in August, the Fed reported Friday. The Fed said that recent hurricanes lowered […]
Halloween Market Week: Tricks or Treats? $SPY, $AAPL, $FB This is Halloween week and we have more earnings as 1,000+companies will report their Q-3 results and update their forward outlooks. We also have a full slate of economic data, some of which will influence the 2nd edition of the September Quarter’s GDP reading while others […]
Trump Economy Driving Robust GDP to 3.5% in Q-3 $DIA, $SPY, $QQQ, $RUTX, $VXX The US economy grew at a robust annual rate of 3.5% in the July-September Quarter as the strongest rise i consumer spending in nearly 4 years helped offset a sharp drag from trade. The Commerce Department said Friday that Q-3 GDP, the […]
China’s Q-3 GDP Growth Lowest Since the ‘Great Recession’ An official survey confirmed that manufacturers were coming under stress. At this week’s end, global investors and policy makers will likely be given a cold hard reminder of the costs of the US-China trade dispute, with a Reuters poll predicting that China’s Q-3 growth will slow […]
US Economy Expanding at 4% Growth Rate $DIA, $SPY, $QQQ, $RUTX, $VXX Monday the latest data showed that the US economy is expanding at a 4% annualized rate in Q-3, that according to the Atlanta Federal Reserve’s GDPNow forecast model following the release of the latest data on retail sales. The GDPNow model estimate for real […]
US Economic Data Strong, Atlanta Fed Raises GDP View to 4.2% $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX US stocks retreated Wednesday in a healthy Bull market pullback The US economy is expanding at a 4.2% annualized rate in Q-3, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday, following the release of the latest data […]
Buybacks to Top Use of S&P 500 Companies’ Cash in 2019 $GS, $SPY S&P 500 companies will increase cash spending by 13% to $3-T in Y 2019, with buybacks again expected to represent their largest use of cash, according to Goldman Sachs (NYSE:GS). Of the estimated cash spending in Y 2019, S&P 500 companies will […]
The Trump Effect: Americans Working, Higher Wages, Booming Manufacturing The Trump Effect has Made America Great Again, and Is Keeping America Great! The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which continues to underpin economic growth. The labor market, which is […]
Atlanta Fed’s Fresh GDP Growth Estimate at 4.1% The US economy is growing at a 4.1% annualized rate in Q-3 following the government’s construction-spending report and other recent economic data, the Atlanta Federal Reserve’s GDPNow forecast model showed Tuesday. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in Q-3 of Y 2018 is 4.1% on October […]
Crude Oil at $100 bbl and the World’s Economy: Who Wins, Who Loses $OIL, $USO, $UGA Crude Oil prices are now begetting forecasts of a return to $100 bbl for the 1st time since Y 2014, creating both winners and losers in the world economy. Exporters of Black Gold would enjoy bumper returns, giving a […]
US Economic Growth: Consumer Spending Up, Inflation Moderate US consumer spending saw a steady increase in August, supporting expectations of solid economic growth in Q-3, while a measure of underlying inflation remained at the Fed’s 2 percent target for a 4th month running. Friday, economists said the report from the US Commerce Department should allay […]
The Trump Effect: US Economy is Strong $DIA The strong US economy continues under President Donald Trump. A string of reports Thursday showed the labor market is getting stronger, consumers are increasingly optimistic and manufacturers are expanding, adding to signs that GDP (gross domestic product) remains on track for a solid performance in Q-3 Filings […]
The Trump Effect: Atlanta Fed Keeps GDP Forecast at 4.4% $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, the S&P 500 finished with a gainer of 0.1%, driven by financial shares, which rallied on another rise in interest rates. The blue-chip DJIA outperformed, adding 0.6%, the NAS Comp lagged, closing lower by 0.1%, and the small-cap Russell […]
Fed Moving to Avert a Recession Due to Falling Unemployment Fed officials tout 10 yrs of falling unemployment as among their major victories in fighting the economic crisis of Y’s 2007 to 2009. Now they are starting to worry they have been too successful. When unemployment falls as low as it is currently, Boston Fed […]
Hurricane Florence Will Distort Economic Data, Expect Little Harm $HD, $LOW The coming economic impact of Hurricane Florence is unlikely to be large but will likely muddle US data for months, judging from past experience. Last year, Hurricanes Harvey and Irma constrained activity in Q-3 of Y 2017 and sparked rebuilding later in the year […]
President Trump’s Tariffs Policy is Working $F, $GM President Donald Trump’s trade and tariff strategy, risky as it may seem is working. He is a master negotiator is hammering out agreements, 1st with the Europeans, next Mexico, both are better deals for American firms and workers. His threat of tariffs is leading to lower tariffs. […]
Atlanta Fed Lifts Q-3 GDP Prediction to 4.7% $DIA, $SPY, $QQQ, $RUTX, $VXX The next GDPNow update is Wednesday, 5 September. The US economy is growing at a 4.7% annualized rate in Q-3, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity. This is now […]
MAGA Effect:Household Income Spikes US median household income is at all-time highs US median household income has risen more than 4% since President Donald Trump took office on the overall strong economic growth and robust optimism. Inflation-adjusted median household incomes in July hit $62,450, according to the latest release from Sentier Research. “That’s the highest level […]
Atlanta Fed’s Q-3 GDP Estimate at 4.1% The US economy is expanding at a 4.1% annualized rate in Q-3, the Atlanta Federal Reserve’s latest GDPNow forecast model showed, following the release of the advanced economic indicators from the US Census earlier this week. This was slower than the 4.6% GDP growth pace calculated by the […]
US Economy Grows Most in 4 Years US economic growth has come in stronger than initially estimated in Q-2, posting its best performance in nearly 4 years, as businesses boosted spending on software and imports declined. Gross domestic product (GDP) increased at a 4.2% annualized rate, the US Commerce Department said Wednesday in its 2nd […]
US Stock Market Indexes Finished Flat to Little Changed $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the S&P 500 closed at a new record high for the 3rd session running. It was a range-bound trading day, with the S&P 500 keeping between -0.1% and +0.2%, and 7 of the 11 sectors finished in the Red. The […]
The Trump Tax Cut Driving Strong Business Investment Shipments of core capital goods rose 0.9% last month after an upwardly revised 0.9% gainer in June. US economy is growing at a 4.6% annualized rate in the third quarter following the government’s data on new-home sales and costs, the Atlanta Federal Reserve’s GDPNow forecast model showed […]
Atlanta Fed Lifts GDP Growth Estimate to 4.6% The Trump Effect Expands The US economy is growing at a 4.6% annualized rate in Q-3 following the government’s data on new-home sales and costs, the Atlanta Federal Reserve’s GDPNow forecast model showed Friday. Friday’s Atlanta Fed estimate is higher than the last estimate of 4.3% on 16 August. […]
Last week Senator Pauline Hanson introduced her Plebiscite (Future Migration level) Bill 2018 to the Senate. The Bill proposes to give voters a say on whether Australia’s immigration levels are too high by casting a vote at the next general election. “For years the people of Australia have had immigration and population levels dictated to […]
Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with […]
The Atlanta Fed Lifts Q-3 GDP Growth View to 5% The US economy is growing at a 5.0% annualized rate in Q-3 following the latest data on construction spending and manufacturing activity, the Atlanta Federal Reserve’s most-recent GDPNow forecast model showed. That is faster than the 4.7% pace calculated by the regional Fed’s forecast program […]
President Trump’s Policies Restore Economic Prosperity After about 19 months in the Oval Office, US President Donald Trump’s economic policies have begun to return the US to real economic prosperity. The U.S. Bureau of Economic Analysis (BEA) announced that in Q-2 of this year GDP grew at a 4.1% annual rate. It has been 13 years since […]
President Trump’s Tax Cut, Deregulation Have ‘Accelerated Growth’ $DIA, $SPY, $QQQ, $RUTX, $VXX Monday JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Monday that President Donald Trump’s tax cuts, along with some of his other efforts, have helped out the U.S. economy. “Presidents get a lot of credit [and] a lot of blame […]
President Trump Hails the “Amazing” 4.1% Q-2 Economic Growth Rate “the President’s policies are working,and not just on the top line, but in the details” Friday from the White House, US President Donald Trump hailed the “amazing” 4.1% Q-2 GDP rate, as the fastest pace since Y 2014, as proof that “we’ve accomplished an economic […]
US Economy Not Harmed by President Trump’s International Trade Dust-ups Shayne and I expect China to align with the US’s sloution, as it cannot afford not to. Saturday, US Treasury Secretary Steven Mnuchin said that the overall US economy has not been harmed by the trade battles set off by President Donald Trump’s get-tough policies, […]
US Industrial Production Driving Economy US industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in Q-2. But, a strong USD and shortage of workers pose a risk to production, with factory surveys suggesting some strain in the supply […]
Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate” $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the Atlanta Fed announced that the US economy is growing at a 4.5% annualized rate in Q-2 following the latest data on strong retail-sales data, the GDPNow forecast model showed. The latest estimate on GDP growth is faster than the […]
President Trump’s Stimulus to Boost US Economy for ‘at Least’ 3 Years $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Federal Reserve Chairman Jerome Powell said he believes the US economy remains in a “good place,” with recent government tax and spending programs likely to boost GDP (gross domestic product) for perhaps 3 years. “I think the […]
Australia: Will Rates Burst the Real Estate Bubble Banks in Australia are gearing up for slight increases in interest rates, but in an overly inflated market this may well mean disaster for many and a correction in prices across the country. The smaller lenders are already moving rates higher but so far the big 4 […]
Atlanta Fed Lifts Q-2 GDP View to 4.1% The US economy is growing at a 4.1% annualized rate in Q-2 following the latest data on consumer spending, the Atlanta Federal Reserve’s GDPNow forecast model showed Monday. The latest estimate on gross domestic product growth was slower than the 3.7 percent pace estimated Friday, the Atlanta Fed said. […]
US Economy: Big Q-2 GDP Numbers are Expected $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, investors will receive the 3rd estimate for Q-2 GDP +the weekly Initial Claims report. US Treasury Secretary Steve Mnuchin says he’s expecting a “big Q-2 GDP number.” Secretary Mnuchin said on TV Wednesday, that the US economy is strong due to President […]
US Consumer Expectations are Still Running High $DIA, $SPY, $QQQ, $RUTX, $VXX About 2/3rds of Americans see the US economy as Good to Great. Monday night President Trump’s top trade adviser Peter Navarro said the White House is not planning to restrict foreign investment as part of its trade actions against China or any other country. […]
The US Economy is Rolling Along on Truck Tires Real GDP may be starting to do so at a faster speed now, exceeding the so-called 2% “stall speed,” which was the so-called “New Normal” from mid-2010 through Q-1 of Y 2018 Consider the following: A Supercharged Quarter: Friday, the Atlanta Fed’s GDPNow model boosted the Q2-2018 real […]
Living in the Trump Era of Optimism, Prosperity and Strong Economic Growth $DIA, $SPY, $QQQ Just in case you missed this at the weekend, and remember Optimism leads to Power! Friday’s blockbuster NFPs (jobs) data capped a long string of recent strong economic reports which has led to much brighter forecasts for American growth under […]
American Consumers are Borrowing More Americans increased their borrowing by $11.6-B in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years. The Federal Reserve says the March increase in total debt was below the $13.6-B increase in February […]
The US Stock Market Remains in Consolidation Mode $DIA, $SPY, $QQQ, $VXX, $USO The Bull has paused to refresh Fundamentals are Strong Interest rates are low Some pundits are saying that the world markets entered Y 2018 speculating that the most synchronized global economic expansion in a decade was going to get to Hot, but […]
Strong Economic Development Seen in the USA $DIA, $SPY, $QQQ US stocks were up and down last week, seeming driven by shifting headlines on US-China trade tensions. When in fact the market is consolidating the huge gainer since Donald Trump was elected US President. Now, is very important to distinguish between tariffs that we already […]
US Economy Strong in Q-4 Consumer spending on goods also saw its biggest Quarterly bounce in more than 11 years after an upward revision to 7.8% growth. The US economy grew significantly faster at the end of Y 2017 than previously reported, with revised data showing stronger consumer spending and business investment, the government reported […]
Donald Trump 3.0, a ‘Great President’ Fourteen months into the current administration, CNN anchor Erin Burnett felt compelled to make a startling admission, Donald Trump may go down “as a Great president.” She added, “And there’s no way around that. That is the reality here.” Ms. Burnett’s assessment was referring to President Trump’s ability to […]
Investors ‘Animal Spirit’ Elevated on President Trump’s Leadership $DIA, $SPY, $QQQ, $VXX It has been 14 months since the election victory of President Donald Trump on 8 November 2016. The surprising upset of Hillary R. Clinton awakened Americans “animal spirits” on the economy and risk on investments, they are still aroused. The hard data that […]
Seeing US GDP for Q-4 Being Revised Upward US economic growth for Q-4 Y 2017 is likely to be revised upward after data Thursday indicated more spending on services than previously estimated by the government. The Commerce Department’s quarterly services survey, or QSS, added to December data on construction spending and manufacturers inventories in suggesting that gross […]
‘Like it or Not,’ President Trump’s Tax Cuts to Boost Economic Growth $DIA, $SPY, $QQQ, $VXX Ken Langone, the founder of Home Depot (NYSE:HD) says whether or not you are a supporter of President Donald Trump, his landmark tax-cut strategy will ultimately truly help “Make America Great Again” on every financial and economic level. “It’s […]
Economic Gains Come with President Trump’s Infrastructure Plan US President Donald Trump’s multi-billion dollar infrastructure plan helps give state and local governments control while streamlining the permit process. “The way it will work, the $200-B dollars in federal dollars won’t be granted until state and local governments come forward with private investment to match it,” White […]
Atlanta Fed: ‘The Trump Economy’ on Track to Grow 5.4% in Q-1 $DIA, $SPY, $QQQ, $VXX The US economy is setting a torrid pace in Q-1 of Y 2018, putting it on track to mark its best Quarter since late Y 2009, a forecast model from the Atlanta Federal Reserve showed Thursday. GDP (gross domestic […]
The Trump Economy has Traction, is Gaining Momentum Last week’s Q-4 GDP report showed a gainer of 2.6% (SAAR), following gains of 3.2% and 3.1% the prior 2 Quarters, which was the 1st time in 3 years that GDP posted 2 consecutive Quarters of 3.0%+ growth. Note: Nothing close to that ever happened in the […]
US GDP Posted Solid Growth in Q-4 The US economy grew at a solid rate of 2.6% in Q-4 of last year, helped by the fastest consumer spending since the Spring of Y 2016 and a big rebound in home construction. The Q-4 advance in US GDP (gross domestic product, the country’s total output of […]
China’s Economy +6.9% in 2017, Beats Forecasts China’s economy finished Y 2017 on strong with a better-than-expected growth rate and improved structure, official data showed Thursday. The world’s 2nd largest economy expanded 6.9% Y-Y in Y 2017, higher than the 6.7% growth registered in Y 2016, data from the National Bureau of Statistics (NBS) showed. […]
The Numbers That Support The Trump Stock Rally $SPY, $AMZN, $FB, $GOOGL, $MSFT Pundits and talking heads are suggesting worries of a ‘Blow Off” Top to the record-high stock market because equities are overpriced. But a close look finds that the market’s current value is not extreme. After a series of record-breaking closes for US stocks […]
This is a Strong Start for The Trump Economy Beginning last Spring, US GDP has averaged about 3%, that is much stronger than either during the Bush (43) or Hussein Obama (45) Presidencies. This Winter, consumers are likely to pull back some and pay off credit-card balances accumulated during the holiday shopping season. Then, with […]
Trump Effect Driving GDP Not Seen for 13 Years The Trump Economy is doing something not seen since Y 2005 by sustaining economic growth at a 3% or better pace for 3 Quarters running. Economists have raised Q-4 growth estimates to 3%+ after strong December retail sales and robust revisions to prior months. The Big […]
America is Thriving, as The ‘Trump Effect’ Gains Traction $GS, $MCO Companies across the USA are enjoying a major boost from The Trump Administration’s tax reform package, which is expected to translate into job creation and higher wages, according to a new report. Goldman Sachs Group Inc. (NYSE:GS) economist Jan Hatzius, predicts GDP growth and […]
President Donald ‘Santa’ Trump Delivering Strong Economic Data There looks to be no end to the strong data. Revised Q-3 GDP, December Philadelphia Fed Manufacturing Index, November Leading Indicators, October Home Prices and Weekly Jobless Claims GDP: 3.2% (down 0.1 percentage point) Phila. Fed: +3.5 points LEI: +0.4% Home Prices (Over-Year) +6.6% Jobless Claims: +20,000 […]
President Trump’s Tax Reform Will Boost GDP, Wages and Add 340,000 Jobs The final GOP tax bill set for a House vote Tuesday, reportedly will boost GDP (gross domestic product) by 1.7%, lift wages by 1.5%, and add 340,000 full-time jobs to the US economy. The Tax Foundation analyzed the details of the final bill […]
President Trump’s Tax Cuts Promote Growth, Reduce Deficit $DIA, $SPY, $QQQ, $VXX Market Notes Stocks rose to new all-time highs with technology and energy shares pacing the advance as The Trump Rally extends The CBOE launched Bitcoin (BTCUSD)futures trading Sunday evening. The 1-month futures contract was trading at around $18,600 at the stock market’s closing bell. […]
US Wage Gains Stalled Despite Robust Jobs Market, Strong Economy $DIA, $SPY, $QQQ, $VXX The US Jobs Market is “Red Hot” The ADP estimate of November private sector job gains was solid. The increases were across the board as most industries and all sizes of businesses added workers solidly. The 40,000 increase in manufacturing payrolls […]
President Donald Trump Starts Official State Visit to China US President Donald Trump arrived in Beijing Wednesday afternoon, starting his state visit to China. The 3-day trip is Trump’s 1st visit to the country since he assumed the Presidency on 20 January. He is the 1st head of state to visit China since the landmark […]
Atlanta Fed Sees US GDP at 3.3% in Q-4 The U.S. economy is on track to grow at a 3.3% annualized pace in Q-4 based on the latest data on US NFPs and business inventories, the Atlanta Federal Reserve’s GDPNow forecast model showed Friday. The latest estimate for Q-4 GDP (gross domestic product) growth was […]
‘Trump Economy’ Running Strong 3% GDP Despite Hurricanes The US economy maintained a strong pace of growth in Q-3, as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction. US GDP increased at a 3.0% annual rate in the July-September frame after […]
China Expects to Achieve Annual Economic Growth Target China’s economy is expected to attain or surpass the government’s annual growth target of around 6.5% this year, a chief economic planner said Saturday. “The growth target of around 6.5% is expected to be fulfilled successfully, and it is possible to achieve even better results,” said He […]
Focus China: What to Expect During the Next 5 Years The eyes of the world turn to China as the Communist Party of China (CPC) hold its 19th National Congress, where the CPC unveil new leadership and set the course for national development for the next 5 years and beyond. Shayne and I believe that […]
“If Hillary Would Have Won, Markets Would Have Gone Down” $DIA, $SPY, $QQQ, $VXX DJIA finishes at a fresh record high, as The Trump Rally extends. US President Donald Trump takes a well-deserved victory lap as the stock market has soared since his election victory over Hillary Clinton, as our stock market is at all-time highs […]
Strong Business Spending Driving the US Economy New orders for US-made goods rose in August and orders for core capital goods were stronger than previously reported, suggesting strong business spending to offset some of the economic drag of Hurricanes Harvey and Irma. Factory goods orders in August increased 1.2% as demand for a range of […]
The Hussein Obama Era of Economic Surrender Is Over $DIA, $SPY, $QQQ, $VXX Stocks ended the Week, and the Quarter, on a high note, driving the S&P 500 (+0.4%) higher for the 4th session running to record highs, as The Trump Rally extends. US GDP Revised Up to 3.1% in Q-2, exceeding economists expectations Friday, […]
US Economic Growth Revised Up to 3.1% in Q-2, Stocks Close at Record Highs $DIA, $SPY, $QQQ, $VXX Wall Street edged higher Thursday, as the S&P 500 marked a record high, while investors show confidence that President Donald Trump will make progress on his tax reform plan. US Treasury Secretary Steven Mnuchin said President Trump’s […]
Xi Sailing BRICS’ Ship on Epic Voyage $GS, $CNY, $LNGVY, $BABA In stormy waters it is common for fishermen in Southeast China to set out to sea in groups. Each boat has its own Captain, but they will discuss fishing strategies when they return from a voyage. Over cans of beer, they argue but soon […]
US Economic Growth Revised to 3%, Stronger Household Spending The pace of growth is in line with The Trump Administration’s long-term goal of 3% as the President’s policies kick in. US Q-2 growth was revised upward to the fastest pace in 2 years on stronger household spending and a bigger gain in business investment, putting […]
The Japanese economy has been showing convincing signs of strength throughout the month of August. Despite softer than expected imports, Japan still managed to beat Q2 GDP expectations. Economic indicators like the PMIalso signal growth. However, despite the strong GDP outlook, Japan’s inflation rate remains dismally below the Bank of Japan’s targets, leaving the possibility of […]
The 3 Hurdles to 3% Economic Growth in the US President Trump’s 2018 budget assumes uninterrupted increases in the pace of economic growth during each of the next three years before real GDP growth levels out at 3% for every year thereafter. Our own forecast is less sanguine, as are those of the Congressional Budget […]
Progressive Democrats Trying to Destroy US President Trump Mr. President, Drain the Swamp! President Trump has miraculously turned the economy around; Q-2 GDP, Trump’s 1st full Quarter in the Oval Office was far ahead of anything produced by Mr. Obama. Corporate profits are soaring; job growth is phenomenal; the stock market is at all-time highs; […]
Bank of England says Brexit and the uncertainty around it has already hit people’s incomes and is weighing down the economy. Households have cut back on spending and businesses on investment, slowing the economy’s growth. It comes as the Bank downgraded its forecasts for the British economy this year, just days after EU statistics indicated the eurozone […]
Weakening USD is Positive for Gold & Silver $GLD, $USD, $SLV The US Dollar (.DXY) Index has been moving lower, retreating 9% in 5 months, from 102 in March to its current 93.39. Not surprisingly, Gold has risen almost 10% in USD terms during this frame. Earlier this year many participant expected USD to continue its […]