Independent thinking for complex markets and current events
Big GDP downgrade shows growth slowing faster than expected. Market may price in more Fed rate cuts soon. This adds fuel to recession fears even if not full crash. Atlanta Fed slashes Q2 GDP growth forecast from 3 percent to 1.2 percent. Source: https://www.atlantafed.org/research-and-data/data/gdpnow
Authored by Mike Shedlock via mishtalk, A recent construction report revision suggests a negative revision to GDP. Construction Spending Month-Over-Month December 2025 Construction Spending Total: +0.3 percent Nonresidential: -0.5 percent Residential: +1.5 percent Public: -0.5 percent Private: +0.5 percent Commercial: -0.4 percent The jump in residential is interesting. But the net was an expected 0.3 …
via WSB: Two voting FOMC members have said the payroll jobs data is overstated. And no, this isn’t some Econ 101 dropout yelling “the numbers are fake” from his parents’ basement. This is coming straight from the Federal Reserve. I’ve got the receipts. Oh, and one of those two voters? Jerome Powell. The Fed Chair himself. …
Between the ongoing sugar hangover from their onanistic coverage of Obama Night at the 2024 Democratic National Convention, and the anticipation of speeches from President Bill Clinton and the Governor of Stolen Valor, the Regime Media evening newscasts mostly neglected to report on a piece of data that is potentially damaging to the electoral prospects …
Back to the slowing of the economy. The speed in which inflation is collapsing is astounding. I think you’re going to see a dovish Powell on Friday. The market has been telling us this the past 6 trading days. The honeymoon of falling inflation won’t last long though. https://t.co/9R1GXzHMLe — QE Infinity (@StealthQE4) August 21, …
$AMZN AMAZON Q2 2024 EARNINGS EPS $1.26, EST. $1.04 NET SALES $147.98B, EST. $148.78B OPERATIONS INCOME $14.67B, EST. $13.59B OPERATIONS MARGIN 9.9%, EST. 9.13% AWS NET SALES $26.28B, EST. $25.98B AWS NET SALES EX FX +19%, EST. +17.2% NORTH AMERICA NET SALES $90.03B, EST.… — FinancialJuice (@financialjuice) August 1, 2024 Amazon, $AMZN earnings: EPS $1.26 …
S&P 500 earnings revision breadth going deeply negative means that a substantial number of companies in the S&P 500 index are revising their earnings forecasts downward, signaling potential challenges and contributing to market concerns. Uh oh. S&P 500 earnings revision breadth has gone deeply negative. 🫤 pic.twitter.com/timlZF3xV6 — Markets & Mayhem (@Mayhem4Markets) November 6, 2023 …
by confoundedinterest17 Welcome to why I am always dubious about Federally-reported economic numbers, like GDP. GDP was adjusted up to 2% QoQ for Q1. But what was the reason for the dramatic revision? Net trade was the biggest change: exports were revised from 0.58% to 0.86%, while imports subtracted only -0.28% from the bottom line …