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uncledad

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Member since: Tue May 13, 2014, 05:50 PM
Number of posts: 5,653

Journal Archives

DOW 27046

Previous close 27189. 52 wk high 29398. 52 wk low 21712. Today's low 26918. High 27188.

NASDAQ : 8292 ▼

S&P : 3037 ▼

Soybeans : 9.17 ▲

Oil WTI : 54.03 ▼

DOW 27189

Previous close 27070. 52 wk high 27398. 52 wk low 21712. Today's low 26999. High 27204.

NASDAQ : 8303 ▲

S&P : 3046▲

Soybeans : 9.17 ▲

Oil WTI : 54.88 ▼

All Fed. All the time.

FED cuts .25 point.

They should be doing the opposite and raising rates.

Which would force the Congress to cut spending, but the swamp prefers to borrow and spend.

Stocks should be going higher today on the rate cut.

U.S. economy grows at modest 1.9% rate in third quarter

The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy.

The Commerce Department reported that the July-September performance for the gross domestic product, the economy’s total output of goods and services, was just below the 2% rate of growth in the second quarter.

https://www.politico.com/news/2019/10/30/us-economy-growth-third-quarter-061640

Economists had been forecasting a much bigger slowdown with fears GDP could slump to 1.4% or less given a number of headwinds.

Still, the GDP gain was far below the 3%-plus increases that President Donald Trump has set as a benchmark to demonstrate that his policies are succeeding in lifting the economy above the modest 2.2% growth of the Obama years.

DOW 27070

Previous close 27090. 52 wk high 27398. 52 wk low 21712. Today's low 27039. High 27165.

NASDAQ : 8276 ▼

S&P : 3036 ▼

Soybeans : 9:17 ▼

Oil WTI : 55.43 ▼

DOW 27090

Previous close 26958. 52 wk high 29398. 52 wk low 21712. Today's low 27028. High 27167.

NASDAQ : 8325 ▲

S&P : 3039 ▲

Soybeans : 9.22 ▼

Oil WTI : 55.81 ▼

NASDAQ and the S&P both hit their 52 wk highs today.

DOW 26958 for Friday 10-25-19

Previous close 26805. 52 wk high 27398. 52 wk low 21712. Today's low 26765. High 27015.

NASDAQ : 8243 ▲

S&P : 3022 ▲

Soybeans : 9.23 ▼

Oil WTI : 56.70 ▲

Looking good going into the weekend. Stay safe and enjoy yourselves.

DOW 26805

Previous close 26816. 52 wk high 27398. 52 wk low 21712. Today's low 26714. High 26931.

NASDAQ : 8185 ▲

S&P : 3010 ▲

Soybeans : 9.34 ▼

Oil WTI : 56.07 ▲

Germany Slides Into Recessionary Abyss As Employment Falls For First Time In Six Years

The latest Markit servey data released on Thursday confirmed that Germany's manufacturing recession continues to broaden. The worst fears are now being realized as loose ECB monetary policy is failing to contain the economic slowdown as it successfully transmits weakness from manufacturing into the services and jobs market.

IHS Markit's Flash Germany Manufacturing PMI remained little changed at 41.9 in October, a slight increase from September's ten-year low of 41.7, however red alerts flashed below the surface as employment in Germany's factory industry fell the most in almost 10 years.

https://www.zerohedge.com/economics/germanys-manufacturing-recession-deepens-employment-falls-first-time-six-years


The souring outlook in Germany is a clear indication the Eurozone might not see a recovery this year. The world as a whole, is stuck in a synchronized global downturn, where monetary policy is becoming less effective than ever before to generate a 2016 style rebound. The calls for fiscal stimulus by ECB authorities, global banks, and governments tell us that elites who run the world know that central banking died in 2019. This should terrify us all that central banks' supposed monetary cannons, or let's say monetary toolkits, are likely depleted. Who is ready for helicopter money and MMT?

Durable Goods Orders Tumble In September

Durable Goods Orders Tumble In September, Business Investment Contracts Most Since Trump Elected

After a solid rebound in June and July, analysts expected September to extend August's slowdown but things were considerably worse than expected as headline durable goods orders fell 1.1% MoM (-0.7% exp) leaving orders down 4.0% year-over-year.

https://www.zerohedge.com/economics/durable-goods-orders-tumble-september-business-investment-contracts-most-trump-elected

Shipments of non-defense capital goods excluding aircraft - a measure used in GDP calculations - fell 0.7%, more than forecast, after no change the prior month. The report showed the three-month annualized gain for business-equipment shipments declined...

And finally, the proxy for business investment - bookings for non-military capital goods orders excluding aircraft - fell 0.5% after a downwardly revised 0.6% drop the prior month... and down 1.8% YoY - the weakest since Trump's election...
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