For GDPNow, a strong factory report could not overtake weak housing and trade reports. Divergence with Nowcast widens. The divergence between GDPNow and the New York Fed Nowcast GDP estimates widened to 0.9 percentage points in the past week. GDPNow Latest Forecast: 1.8 Percent
March 16, 2018
When a Wyckoff trader looks at a stock chart of price and volume, one looks for foot prints of material demand and supply. The current bitcoin chart shows very significant demand prints. Video Length: 00:13:50 Investing Quote… ..“What beat me
When determining the direction of the housing market, analysts like to look toward the millennial generation to provide future demand. The most common age in America is 27. The average age of first time home buyers is 33 which implies
The week started off strong out of the gate on Monday in the wake of Friday’s post-payroll rally, but the momentum quickly faded, leaving the S&P 500 down four consecutive days as of Thursday’s close. If it closes in the
Learn the history of the 2000 stock market crash, when technology stocks declined 83%. Also, learn the causes of the crash and the lessons it left us with. The “Tech bubble” and resulting stock market crash, which began in 2000 and
It looks like quadruple witching is keeping things propped up so far. It probably won’t happen today, but the SPY needs to crack 274.24 to seal its gap and break its short-term trendline.
Punch-drunk from a series of crunching blows, dazed and confused, staggering for the ropes. It’s hard not to get the image of Bitcoin being pummeled by the market, getting the wind knock out of it. But is this picture true?
Well, BofAML’s latest FX and rates survey is out and there are some interesting takeaways. The latest iteration was conducted from the 9th through the 14th of this month with 66 fund managers with AUM of nearly $350 billion participating.
The headline residential building permits declined and construction completions improved. But we keep our eyes on the rolling averages which were mixed. Analyst Opinion of Residential Building The backward revisions this month were significantly down.The nature of this industry normally
Industrial production jumped 1.1% in February led by manufacturing. The Fed’s Industrial Production and Capacity Utilization report shows a 1.1 percent gain, well over the Econoday consensus of 0.4 percent. Details Another One-Month Wonder? Surges have typically been one-month wonders. Is this another one?
