2018 - Page 254 of 1751 -

Third Quarter GDP 3.5%, Much Weaker Than It Looks: Inventory Adjustment 2.07%

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

GDPNow nailed the first estimate of third-quarter GDP. The BEA reports 3.5% with inventories accounting for 2.07 points. The BEA reports the Gross Domestic Product, 3rd quarter 2018 (advance estimate) is 3.5%. The headline number looks pretty good, but it isn’t. Change in Private Inventories accounted for 2.07 percentage points of the gain. Inventories net to zero […]

This Week In Cryptocurrency – Friday, Oct. 26

Oct 26, 2018 Jeremy Parkinson Finance 0

Keep On Keepin’ On We’ve got another week in green here, folks. Building off of last week’s momentum, the entire cryptocurrency market grew from $207.8B to $209.2B – a whopping 0.7% gain. Okay, it may not be the growth we’re looking for, but at least we’re trending in the right direction. “How about the top coins?” […]

Gold Upleg Fuel Abounds

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

Gold and its miners’ stocks have proven rare bastions of strength during recent weeks’ market carnage. They are powering considerably higher while nearly everything else burns. The markets’ major sentiment shift is accelerating a young gold upleg, which ought to grow much larger as speculators and investors continue returning. Their collective gold positioning remains very […]

Mixed U.S. GDP Report Curbs GBP/USD Losses Ahead Of BoE Meeting

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

GBP/USD pares the sharp decline from earlier this week as updates to the U.S. Gross Domestic Product (GDP) report reveal a limited threat for above-target inflation, but recent price action casts a bearish outlook ahead of the Bank of England (BoE) meeting as the exchange rate continues to carve a series of lower highs & lows. […]

October 2018 ECRI’s WLI Growth Rate Index Returns To The Dark Side

Oct 26, 2018 Jeremy Parkinson Finance 0

ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and is slightly in contraction. Analyst Opinion of the trends of the weekly leading indices The current forecast continues to be for insignificant growth (or lack thereof) six months from today. Here is this week’s update on ECRI’s Weekly Leading Index (note – […]

Bitcoin Price: Rare Silence Implies An Explosion Is On The Cards

Oct 26, 2018 Jeremy Parkinson Finance 0

The price of bitcoin got stuck in a very narrow range in the past week. The phenomenon puzzles many market analysts which got used to significant movements to the upside and to the downside. The daily change in BTC/USD prices had already narrowed down early in the month but recent days saw movements similar to […]

US Growth Slowed In Q3, But Annual Pace Continued To Improve

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

US GDP growth beat expectations in today’s “advance” estimate of third-quarter data. Output increased by an annual 3.5% (seasonally adjusted real rate), the Bureau of Economic Analysis reported earlier today. The gain is slightly above The Capital Spectator’s 3.3% nowcast (based on several sources) from earlier this week. Although the Q3 advance marks a solid rise, today’s results reaffirm […]

ServiceNow Counting On AI And Natural Language For Growth

Oct 26, 2018 Jeremy Parkinson Finance 0

It has been a volatile time for the stock market this week. The Dow crashed more than 600 points earlier this week, erasing all of the gains made during the year. The market is concerned about a slowing economy and rising interest rates. Valuations for startups have been falling, and investor confidence appears to be […]

S&P Joins Small Caps & Nasdaq In Correction, Down Over 10% From Highs

Oct 26, 2018 Jeremy Parkinson Finance 0

The S&P 500 is now down over 10% (in ‘correction’) from its record high on October 3rd, and unchanged since Nov 2017… Only The Dow is avoiding the correction for now… Dow -9% from highs S&P -10.4% from highs Nasdaq -13% from highs Dow Transports -15.25% from highs Russell 2000 -15.8% from highs Won’t be long […]

Michigan Consumer Sentiment: October Final Slips

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

The University of Michigan Final Consumer Sentiment for October came in at 98.6, down 1.5 from the September Final reading. Investing.com had forecast 99.0. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: The Consumer Sentiment Index has been higher thus far in 2018 (98.5) than in any prior year since 2000, which was the […]