Negative start to the week, with SPX futures down more than 1%, Europe down 2%, Eur/Usd back below 1.25, and oil back below $80. Like I mentioned on Friday in QuickHits, I think 1300-1315 could …
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Bloomberg The U.S. economy grew more slowly in the first quarter than previously estimated, reflecting smaller gains in inventories and bigger government cutbacks. Gross domestic product climbed at a 1.9 percent annual rate from January …
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Today’s durables goods report was the latest in a string of macroeconomic disappointments over the last few weeks. This phenomenon is most easily seen by the following chart of the Citigroup Economic Surprise Index, taken …
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European markets are quite weak. There are concerns again about Italy and Spain as Italian unions organize against Monti’s liberalization measures and Chinese concerns continue to linger in the background. This week’s price action finally …
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WSJ Economics: 8:30 a.m. — The Bureau of Labor Statistics’ steaming enchilada of a jobs report arrives. The consensus calls for 60,000 new jobs total. FactSet Research estimates call for 90,000 private sector jobs. The …
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