The Second Estimate for Q3 GDP came in at 3.3% (3.30% to two decimals), up from 3.1% in the Third Estimate of Q2 GDP. With a per-capita adjustment, the headline number is lower at 2.53% to two decimal points. Here
November 29, 2017
Gross Domestic Product (GDP) was revised upward from a seasonally-adjusted annual growth rate of 2.945% to 3.243%. For the first time since the middle of 2014, GDP appears to have advanced (subject to further revisions) at a better than 3%
Written by John Davi, Astoria Portfolio Advisors Are you surprised by VIX sub 10? You shouldn’t be. There is a direct linkage between liquidity and volatility as shown in the chart below. Source: Bloomberg, Astoria Portfolio Advisors LLC. This year, we have seen $2.2
Many investors, investment professionals, and pundits make comments regarding the relationship between stock correlations and opportunities for active stock pickers. For example, here is a recent example from the Financial Times: Correlation crash clears the way for stockpickers. The basic (albeit
The scheduled meeting of OPEC members with non-OPEC crude exporters for the third time in Vienna, Austria, is dominating the headlines. It should provide an answer to the million-dollar question — will oil continue to trade above $55 a barrel?
The streaming platform Roku (ROKU) has been on quite a ride this month. After posting robust earnings on the 9th, volume levels were off the charts. It gapped higher the next day and has not looked back. Many traders were
Top tickers for end of day: BAC, AAPL.
Mallinckrodt’s (MNK) Acthar is one of the country’s most-expensive drugs and Express Scripts (ESRX) has provided distribution muscle for the drug. That appears to be changing, however. Monday Express Scripts announced it was selling United BioSource, a unit tied to
Last year, I reviewed the dividend safety of Plains All American Pipeline (NYSE: PAA). At the time, I gave the stock an F because it did not generate enough distributable cash flow (DCF) to cover its dividend. Last month, Plains All American slashed its
The rotation game continues as tech stocks tumble and money flows into financials. In this video update let’s analyze the key factors in this market that will tell us what to expect next. Video Length: 00:09:57
