Category Archive: Finance, No picture
Durable Goods Order Jump 4.5%, Almost Entirely On Aircraft
Durable goods orders jumped 4.5% in August. Excluding transportation, durable goods orders increased 0.1%. The Census Department report on Advance Durable Goods shows orders rose 4.5% in August. New Orders New orders for manufactured durable goods in August increased $11.1 billion or 4.5 percent to $259.6 billion, the U.S. Census Bureau announced today. This increase, up two […]
Stocks Fall After Fed Hikes Rates
Stocks Fall – Bank Stocks Fall Along With Treasury Yields The action on Wednesday was interesting. Both the sectors that like rate hikes and the sectors that don’t like rate hikes did poorly. The financials like rate hikes. However, they fell 0.99%, possibly because the Fed removed the term ‘accommodative’ from the statement. This pushes […]
What Argentina Tells Us About America’s Future
MOLINOS, ARGENTINA – “Never interrupt an enemy when he is making a mistake,” said Napoleon. In the 1970s, two of America’s biggest rivals were making big mistakes. Russia had been operating a centrally planned economy since the 1920s. China took up central planning after World War II. Communist central planning was a curse to those […]
Weekly Unemployment Claims: Up 12K, Worse Than Forecast
Here is the opening statement from the Department of Labor: In the week ending September 22, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 201,000 to 202,000. The 4-week moving average was 206,250, […]
Looking Back, Looking Ahead
In this year’s first column I said that GDP would grow 3 percent or more in 2018. Few agreed, but now it’s a sure thing. Because of economic strength, I predicted that the Fed would raise interest rates and raise them again, frustrating President Trump along the way. They did. Expect more tweets. I also […]
Will Britain Ever Manage To Leave “Hotel California”?
Last thing I remember, I was Running for the door I had to find the passage back to the place where I was before “Relax” said the night man, “We are programmed to receive. You can check out any time you like, But you can never leave!”[i] The Eagles lyric from the 1970s is nearly […]
September Regional Fed Manufacturing Overview
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]
Q2 GDP Third Estimate: Real GDP At 4.2%
The Third Estimate for Q2 GDP, to one decimal, came in at 4.2% (4.16% to two decimal places), an increase from 2.2% for the Q1 Third Estimate. Investing.com had a consensus of 4.2%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an […]
ETFs To Add After SurveyMonkey Blockbuster IPO
A leading global survey software company — SurveyMonkey — made its debut on Nasdaq under the ticker symbol “SVMK” on Sep 26. The IPO was strongly greeted by investors as its shares soared as much as 67% during the first day of trading and were up 43% at the close. SurveyMonkey has raised nearly $180 […]
The Important Trends Post Fed Rate Hike
Today we are seeing a lot of what we were expecting. Gold and Treasuries are down and the USD up. Also US markets up… but the markets don’t care what is said anyway. Chris Temple joins me to discuss all of the above with a particular focus on metals. (Audio length 00:13:00)
