Digital currencies plunged Thursday in a market sell-off that showed no sign of abating. The No. 1 digital currency, bitcoin fell below $7,500, trading to an intraday low of $7,331.52. A single bitcoin was last exchanged at $7,427.60, down 6.3%. Other
March 29, 2018
The GDPNow forecast jumped 0.6 percentage points this week, but nearly all of it was inventories. The Consumer has died. The GDPNow Forecast jumped 0.6% today, but 0.5 percentage points was an inventory adjustment. The GDPNow assessment of real final sales, the
After a blockbuster start to 2018, the rally in the global stock market fizzled out to end the quarter. This is especially thanks to a series of challenges including inflation fears, speculation of faster-than-expected rates hike, Washington turmoil, and protectionist
Earlier this week, it was reported by CBNC financial that an in-depth working paper from Rice University found that investors made 1.5% more when researching stocks. With the average S&P 500 RoI only totalling 11.29%, that equates to a big extra
SPX Trendline Battle, Relative Strength in RUT We reviewed the daily charts after yesterday’s close and noticed that the Russell 2000 Index, the NYA and transportation stocks all exhibited relative strength (the same holds actually for the DJI), particularly vs.
The headline data this month poor month-over-month growth in expenditures – but still with expenditures year-over-year growth well above income growth – with the savings rate remaining historically low (but improved this month). Analyst Opinion of Personal Income and Expenditures
TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated – do your own careful due diligence. LightInTheBox (LITB) is an online sales company from the Chinese cohort of online retailers. This one differs
The Cryptocurrency carnage continued this week prices approaching or breaking to fresh yearly lows. While the broader technical picture keeps the focus lower, the declines are now approaching key near-term inflection levels in price. Here are the levels to know
It was a big week for initial jobless claims. Versus economist expectations for 230,000, only 215,000 Americans filed initial claims for jobless benefits during the week of March 23rd. That’s a new cycle low and the lowest since the week
Here is the opening statement from the Department of Labor: Note: This week’s release reflects the annual revision to the weekly unemployment claims seasonal adjustment factors. The seasonal adjustment factors used for the UI Weekly Claims data from 2013 forward, along
