Category Archive: Finance
Q2 GDP Second Estimate: Real GDP At 3.0%
The Second Estimate for Q2 GDP, to one decimal, came in at 3.0% (3.03% to two decimal places), an increase over 1.2% for the Q1 Third Estimate. Investing.com had a consensus of 2.7%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an annual […]
RBOB Gasoline Spikes To 25-Month Highs As Harvey Curbs Output
Front-month (Sept) RBOB Gasoline futures traded as high as $1.90 this morning – the highest since July 2015 – as more refiners (including America’s largest) shutdown output due to Harvey’s impact. As Bloomberg reports, America’s largest oil refinery is joining the spate of shut-downs in the face of Tropical Storm Harvey’s apocalyptic rains, potentially reducing U.S. fuel-making capacity to […]
August 2017 ADP Job Growth Is 237,000 – Well Above Expectations
ADP reported non-farm private jobs growth at 237,000. Last month’s employment growth was significantly revised upward. Analyst Opinion of ADP Employment Situation This month the rate of ADPs private employment year-over-year growth remained in the tight range seen over the last year. ADP employment has not been a good predictor of BLS non-farm private job […]
Crude Oil (CL_F) Elliott Wave View: Pullback In Progress
Oil Short Term Elliott Wave suggests that the decline from 8/1 peak is unfolding as a double three Elliott Wave Structure where Minute wave ((w)) ended at 46.46 and Minute wave ((x)) ended at 48.76. Oil has since made a new low below Minute wave ((w)) at 46.46 suggesting the next leg lower has started. Wave ((y)) is […]
Crude Oil Declines Despite Harvey & Falling Inventories
The main question everyone asks nowadays is why are crude oil prices falling? Many traders are asking the same question over and over again, and so far, there is no logical answer for such question. If you are reading this article and you are asking it too, you might get the right answer, even if […]
The Death Of Cash – New Tech To Revolutionize The Payments Industry (SPONSORED POST)
This article was removed at the author’s request.
Bull Of The Day: China Lodging Group
China Lodging Group, Limited (HTHT – Free Report) is cashing in on the growing Chinese middle class that wants to travel. This Zacks Rank #1 (Strong Buy) is expected to see revenue grow in the double digits in 2017. China Lodging operates and franchises 3,541 hotels, or 359,530 rooms, in 369 cities in China. It’s a mid-cap company […]
First Look At August: ADP Says 237K New Nonfarm Private Jobs
The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository). Today we have the ADP August estimate of 237K new nonfarm private employment jobs, […]
Sterling’s Weak Outlook Weighs Heavily
With only brief positive incursions, the Pound Sterling continued its slide versus the Euro as the ongoing negotiations for a Brexit agreement sideline potential investors. On Tuesday, the Pound had fallen to a 10-year trough against the common currency and was only able to recover a portion of lost ground in today’s trading. This month […]
‘Unless There Is A War’ There Is No Stopping The Yuan Train
Ok, dammit. There is apparently no stopping the yuan. Back in late May/early June, the PBoC engineered an epic short squeeze. That effort included the introduction of an absurdly opaque “counter-cyclical adjustment factor” that, attempts to spin it notwithstanding, amounted to a partial rollback of the liberalization push instituted in August 2015. The short squeeze […]
