November 7, 2013 | Daily JAM, Morning Briefing |
Surprise. Actually two of them. First, the U.S. economy grew at a faster than expected 2.8% year over year pace in the third quarter. That’s up from the 2.5% rate for the second quarter. Second, the European Central Bank cut its benchmark interest rate to 0.25% this morning from 0.5%. That takes the benchmark rate to a new historic low.
November 6, 2013 | Daily JAM, Stock Alerts |
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November 6, 2013 | Daily JAM, Videos |
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November 6, 2013 | Daily JAM, Morning Briefing |
Today, the U.S. stock market seems convinced that the GDP and jobs numbers to be released tomorrow (third quarter GDP) and Friday (jobs for October) will show a weak U.S. economy that will increase the odds that the Federal Reserve will hold off any reduction of its $85 billion in asset purchases well into 2014.
November 6, 2013 | Daily JAM |
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November 5, 2013 | Daily JAM |
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November 5, 2013 | Daily JAM, Morning Briefing |
The European Commission today cut its forecast for 2014 growth in the EuroZone, but still no one is expecting that the European Central Bank will cut interest rates to stimulate the economy at its Thursday meeting. That depressed European stock markets today.
November 4, 2013 | Daily JAM, Long Term, You Might Have Missed |
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November 4, 2013 | Daily JAM, Stock Alerts, WBK |
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November 4, 2013 | Daily JAM, Stock Alerts |
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November 4, 2013 | Daily JAM, Videos |
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November 2, 2013 | Short Term |
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