Weekly Economic & Market Review
It was another week of relatively positive economic data but it did nothing to help a market focused exclusively on the political power game playing out in Europe. Stocks fell roughly 5% globally in a holiday shortened week as the Euro continued its recent decline. The rise in the dollar weighed on commodities and despite .. read more
3rd Quarter GDP Growth Revised Downward from 2.5% to 2.0%
By John L. Chapman, Ph.D. Washington, D.C. November 22, 2011 The Commerce Department reported the first revision (of two) to 3rd quarter GDP growth today at 2.0%, down from the initially reported 2.5%. The reasons for the downward revision were slight negative changes in most of the additive spending categories. Consumer spending, for example, rose 2.3%, .. read more
Weekly Economic and Market Review
The economic reports released in the Christmas week continued the recent trend of stronger data. In particular, consumers have been leading the way as shown by several reports last week. The Goldman and Redbook weekly retail reports both showed strength going into the holiday with the year over year change now in the range of .. read more
Weekly Economic and Market Review
Has sentiment reached an extreme? Is anyone surprised anymore when weak economic data is released? Were you surprised that existing home sales fell 27% last month? I wasn’t and apparently neither were the people buying up home builder stocks when that news was released last Tuesday. Were you surprised to read the Goldman and Redbook .. read more
Weekly Economic and Market Review
The economic data last week was mixed and the market managed to give back all the gains of the week before and yet for some reason it feels like last week was a pretty good week. Why in the world would I say such a thing? Well, because the markets that aren’t stocks had some .. read more
Weekly Economic Review
The economic data this week continued the pattern that has dominated for months now – manufacturing strong, real estate and consumer weak. The recovery from this recession has been a more traditional inventory cycle recovery. Whether it morphs into something that is sustainable beyond restocking is the $64 question and one for which we don’t .. read more
