Tag Archives: GDP

Apple & US GDP

Everyone else is knee-deep in shit trying to give their story on why EM currencies are getting hammered. There’s enough noise on that front for you to sort through elsewhere. Take a look at these two articles to get away from that:

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Seasonal Retail Hiring Strength

Happy Friday, y’all. Calculated Risk provided a great rundown of today’s jobless report. The part that stands out the most to me is the following:

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“According to the BLS employment report, retailers hired seasonal workers in October at the highest level since 1999.”

This appears to be great news in the face of continuing deterioration of consumer confidence. Hopefully this seasonal hiring and the holiday spirit will reverse course for the consumer and provide our economy with a nice 4th quarter spark.

If you’re listening, Santa, why don’t you stuff a little bit of extra GDP growth for the US in that sack of yours.

Rebecca Black said it’s going down today

I don’t know about you, but the weather here in NC has been remarkable and I’m looking forward to drinking beer outside in a hoodie. Nothing is more relaxing to me than fall weather. Hopefully you have some smashing plans for your weekend. Here’s what I’ve been reading this morning:

Also, take a look at this chart depicting the yield of 10-year treasuries:

10 yr Treasury yield
Source: @MatthewPhillips https://twitter.com/MatthewPhillips/status/380693432189984769/

We could have some room to go on the downside. My take on the chart, all quotes from Bullard on tapering today aside, is that support should be met around 2.5%. If that level is broken we could probably revisit the 2-2.2% range.

 

 

 

Thursday Afternoon Nap Material

On jobless claims, China PMI, and ECB rate comments, it appears the S&P 500 will close above 1,700 for the first time in history.

Here are a few links discussing those stories and a few others I find worth the time: