Global Macro Perspectives
A kind of uneasy feeling surrounds markets today and I can see only negatives on the horizon: Japanese Yen and Australian dollar – currencies involved in financing equity bets moved against financing users. Peripheral Europe bond spreads rose in recent weeks; Greek are even close to pre-bailout levels. Hungarian Forint vs. Swiss Franc again close to all […]
U.S. GDP Rose 2.4% in Q2 2010. The consensus was at 2.6%, Q1 reading was at 2.7%. Another miss, but not a big one (jet). Chart 1. U.S. Real GDP & Percent Change
U.S. GDP growth in Q1 2010 was revised from 3.0% to 2.7%. The consensus was at 3.0%, Q4 reading was at 5.6%. Chart 1. U.S. Real GDP & Percent Change
U.S. GDP growth in Q1 2010 was revised to 3.0%. The consensus was at 3.5%, Q4 reading was at 5.6%. Chart 1. U.S. Real GDP & Percent Change Source: Blytic.com
U.S. GDP Rose 3.2% in Q1 2010. The consensus was at 3.4%, Q4 reading was at 5.6%. Chart 1. U.S. Real GDP & Percent Change Source: Blytic.com
U.S. GDP Rose 5.6% in Q4 2009. The consensus was at 4.5%, Q3 reading was at 2.2%. Chart1. U.S. Real GDP & Percent Change
U.S. GDP growth has got revised to 2.8% from previous estimate of 3.5%. Although the previous number (conspicuously high) helped to propel the market to new highs, revision doesn’t seem to raise any worries as U.S. equity futures are pointing on a higher opening. S&P/Case-Shiller Composite 10 edged higher 0.4% in September while &P/Case-Shiller Composite […]
U.S. GDP growth for the third quarter came out at 3.5% vs. 3% consensus. Surprise to the upside. Bloomberg story: Economy in U.S. Expands for First Time in More Than a Year . Interesting day ahead, we will see how the (U.S.) markets react
I bought USO and SPY ATM January puts today. Feels like we have some weakness coming. Most of the better-than-expected results are out; economic data coming is sluggish (except maybe U.S. Q3 GDP reading tomorrow, but here I view the expectations high, so I’ll take the risk); and it feels extending stimulus (read: budget deficit widening) would be negatively viewed by the FX and fixed income markets so U.S. government would likely be cautious with the measures it is undertaking. So new stimulus fueled move is unlikely.