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Weekly Economic Update
(-) The second estimate of 4th quarter GDP was a disappointment, although many watchers expected as much—the initial estimate of +3.2% was revised down to +2.4% (a tenth lower than the expected revision). The majority of the difference came from … Continue reading
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Tagged Bitcoin, DJIA, Economic Update, GDP, Home Sales, LSA, S&P500
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Weekly Economic Update
(-) Durable goods orders for July came in weaker than expected, falling -7.3% relative to a consensus forecast decline of -4.0%. Removing transportation from the headline figure, orders fell a much less dramatic -0.6%, but underperformed an expected +0.5% gain … Continue reading