The Atlanta Fed GDPNow growth forecast for Q3 remained unchanged as 3.6% after the data dump this morning. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate)…
Dow Jones futures are showing encouraging technical strength at a time when technology stocks are struggling. A breakout from a descending channel, a successful pullback, and a recovery above important price levels…
Just last Tuesday, Nvidia traded at an all-time high of $243.37. Since then, six of the past seven trading days have produced lower closes. Today’s low reached $212.85, representing a decline of…
Prior was -3186 Gasoline K vs -800K exp Distillates K vs -1560K exp WTI crude oil was trading at the highest levels since late September ahead of the release. On the day, it…
Australia’s September jobs report was weaker than expected, giving the RBA more room to remain patient. For the AUDUSD, the report helped push the price lower. The technical breaks that followed have…
In yesterday’s video, I looked at three major US stock indices. Each offered a different view of the market—and a different technical story: S&P 500: The broadest sector representation of the three.…
The Nasdaq sold off sharply yesterday after US Core CPI came in higher than expected. What’s interesting, though, is that after the initial hawkish reaction, rate expectations further out the curve shifted…
The U.S. dollar is lower against most of the major currencies, with the Swiss franc leading the gains. The Australian dollar is the exception after a weaker Australian jobs report. Treasury yields…
The bond market is calling time out on the AI spending spree. For a time, no valuations were too high and no spending plans unrealistic. Now it looks like we’ve arrived at…
Prior was +0.8% Retail inventories ex-autos vs +0.8% prior For background, the US business inventories report, formally the Manufacturing and Trade Inventories and Sales release, is published monthly by the Census Bureau…
Prior was +37.8 Details: New orders 4.3 versus 29.2 last month Shipments 15.3 versus 27.7 last month Unfilled orders 2.4 versus 20.4 last month Delivery times 8.5 versus 26.5 last month Inventories…
Prior was +7.60 Manufacturing activity in New York State expanded in October, with the Empire State Manufacturing Survey’s general business conditions index climbing 18 points to 25.5, its highest reading since December…
