Econintersect’s Economic Index (EEI) moderately declined but still remains well into territory associated with normal expansions. Analyst Summary of this Economic Forecast Overall the decline this month is significant. Last month we warned that we are seeing mixed trend lines
October 1, 2018
Welcome to October, the month of unexpected falls from heights, and stock market tears. Stocks were hard-charging higher this morning on the news that Canada and the US had come to an agreement on NAFTA II. But alas, the euphoria
China is closed for golden week, and while stocks weren’t trading, yuan slipped back to crucial support levels… European markets were dominated by Italiian weakness… As Italian banks collapsed… Futures markets show the overnight exuberance at the trade deal..
From Canada’s perspective, the new US-Mexico-Canada Agreement (USMCA) to replace NAFTA is somewhat akin to the medical oath in which doctors promise —–above all else “do no harm”. On balance, Canada comes away with its core principles intact with some
Data Courtesy of Trade Alert
With the release of Friday’s report on August Personal Incomes and Outlays, we can now take a closer look at “Real” Disposable Personal Income Per Capita. At two decimal places, the nominal 0.26% month-over-month change in disposable income was trimmed to
We are kicking off October with a relatively light few days on the economic data front. Overnight, Manufacturing and Service PMIs were released alongside Retail Sales for multiple countries including Germany, Italy, Switzerland, France, and the UK. Japan’s quarterly Tankan business
Here they come. After spending more than a year talking about nothing but good things ahead for the global economy, Economists are beginning to sound worried. In 2017, there wasn’t anything that could stand in the way of synchronized growth.
After a turbulent summer, September was largely a calm affair for markets according to Deutsche Bank’s Jim Reid. Indeed volatility measures for most assets continued to remain subdued and concerns around the EM issues which haunted markets in August abated.
Well, the “convergence/divergence” market debate has officially gone mainstream. On Monday, the Wall Street Journal ran a piece called “U.S. Stocks Widen Lead Over Rest of the World“, which essentially rehashes the whole “divergence” story for anyone who is inexplicably
