A Look at the Economy 7.7.14
/in Investing/by Tom 2Last Week The most-important thing that happened last week was that the June jobs report and the June ISM manufacturing and non-manufacturing PMIs further implied the US economy is close to achieving “escape velocity” (meaning ending the era of around 2% GDP growth). Other than the obvious (that an accelerating economy is good for stocks), […]
Your Weekly Economic Cheat Sheet – 7.7.2014
/in Investing/by Tom 2Last Week The most important thing that happened last week was that the June jobs report and the June ISM manufacturing and non-manufacturing PMIs further implied the US economy is close to achieving “escape velocity” (meaning ending the era of around 2% GDP growth). Other than the obvious (that an accelerating economy is good for […]
June ADP Employment Report
/in Investing/by Tom 2APD Employment Report Non-Farm Payrolls surged 281K in June vs. (E) 213K Takeaway Yesterday’s ADP employment was far better than analyst expectations of just 213K. While the May data were left unrevised at 179K. Stock futures spiked up to session highs upon release of the report but quickly pared those gains as again buyers seemed […]
Australian Dollar Continues Lower
/in Investing/by Tom 2Most currencies were driven by economic data yesterday. The Dollar Index drifted slightly higher off the decent June ISM manufacturing PMI (up +0.06%) while the euro was slightly weaker (down -0.12%) after mixed manufacturing PMIs (they generally met expectations but the euro has seen a big rally lately). The Aussie was the best performer vs. […]
Update on the Conflict in Iraq
/in Investing/by Tom 2Iraq Update Iraq has deteriorated a bit this week and the inability of the Iraqi Parliament to choose a new PM weighed a bit on stocks late yesterday. Before reading the particulars, keep in mind there are two negative scenarios in Iraq for the markets. The first is that ISIS gets south of Baghdad and […]
Your Weekly Economic Cheat Sheet – 6.30.2014
/in Investing/by Tom 2Last Week There were three important economic takeaways last week: First, housing appears to be finally bouncing from its winter dip. Second, capital spending (businesses buying a new machine or some other high-cost investment) continues to not rebound like the rest of the economy has since the winter. Third, inflation has clearly accelerated over the […]
Five Important Events to Watch As We Start 2025
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Five Important Events to Watch As We Start 2025