Swiss and Swedish GDP
Equities Giving Back Further Ground
May 30, 2024
3-1/2 hours prior to Thursday’s open and 2.5 hours before the release of revised U.S. GDP, weekly unemployment claims and an early glimpse of the merchandise trade deficit, U.S. stock futures were down 0.4% in the case of the SPX and Nasdaq and an even greater 0.9% in the DOW. Asian share prices had tumbled […] More
Dueling U.S. Economic and Political Concerns
February 29, 2024
Markets today are most focused upon inflation, with investors and analysts expected the U.S. PCE price deflator due shortly to arrive on the high side. For political wonks, however, the paramount issue involves America’s failed immigration system and the dysfunctional Congress that won’t address the problem. Migration favors Trump’s quest for reelection, which if successful […] More
