Stocks began the day in positive territory and remained there all day. The market moved in a fairly narrow range as the market participation was low and the news flow was slow. The day’s economic reports, highlighted by the monthly
September 1, 2017
The U.S. Energy Department’s weekly inventory release showed a below-average increase in natural gas supplies following which the commodity traded up. However, worries over the fuel’s tepid demand on the back of Tropical Storm Harvey-related power outages are expected to
Fundamental Forecast for Gold: Bullish Gold prices remain bid going into the first full week of September, with bullion at risk of marking fresh 2017 highs as market participants appear to be diversifying away from the U.S. dollar. The reaction to the
Bitcoin has surged to a new record high this morning over $4850 amid increased debt ceiling anxiety, continuing demand from South Korea and Japan amid the North Korea chaos, a potential short squeeze, and renewed hopes of SEC approval of a Bitcoin
When Snap took itself public earlier this year, it was the hot new kid on the block that Millennial users wanted to sink their early earnings into as soon as it became possible. Facebook has loomed over it like a giant trying
With the release of yesterday’s report on July Personal Incomes and Outlays, we can now take a closer look at “Real” Disposable Personal Income Per Capita. At two decimal places, the nominal 0.21% month-over-month change in disposable income was trimmed to
The Biotechnology sector remains one of the top performing sectors this year with the benchmark Nasdaq Biotechnology Index of biotech stocks, as represented by the biotech ETF (IBB), gaining 17% in the first half. The index though still remains ~29% down from
The U.S. economy expanded at a better pace in the second quarter of this year, than was earlier estimated, ending up with the best quarterly GDP growth in more than two years. In its second estimate, the Department of Commerce
Fundamental Forecast for USOIL: Bearish Talking Points: A week after Harvey’s landfall, assessing damage and demand impact still premature Last major crises in the region (Katrina 2005) was followed by ~18% drop in Oil Per BHI, US Oil Rigs unchanged WoW.
Of all the high frequency data the Personal Savings Rate is probably the least reliable. It is subject to both regular and benchmark revisions that can change the estimates drastically one way or the other. One step up from that
