October 26, 2023 | Daily JAM, Mid Term, Morning Briefing |
The U.S. economy grew by an annual rate of 4.9% in the third quarter, the strongest pace since 2021 and twice the pace of growth in th second quarter. Before the report from the Bureau of Economic Analysis, economists surveyed by Bloomberg were expecting annual growth of 43%. Growth at that rapid a pace, they worried then, could lead the Federal Reserve to consider raising interest rates at its November 1 meeting. Obviously now, after growth at 4.9% far exceeded projections of 4.3% growth, those worries are a little more pronounced. But only a little.
October 21, 2023 | Daily JAM, Mid Term |
The U. S. economy, economists project, grew at the fastest rate in nearly two years in the third quarter. The actual figures from the Bureau of Economic Analysis get released before the market opens on Thursday, October 26. Gross domestic product grew at a 4.3% annualized pace in the quarter, according to the median projection in a Bloomberg survey of economists.
October 23, 2022 | Daily JAM |
On Thursday expect a much-improved GDP reading for the third quarter that doesn’t change the negative sentiment on the economy. Economists forecast that the report on third-quarter U.S. GDP to be released by the Bureau of Economic Analysis on Thursday before the market opens will show 2.9% growth in the quarter. That’s certainly good news after negative GDP growth in the first two quarters of 2022. But because of where the improvement in GDP has come from, the report is not likely to change forecasts for a recession in 2023. Or to improve sentiment about the U.S. economy.
July 29, 2021 | Daily JAM, Mid Term |
U.S. gross domestic product grew 1.6% in the second quarter of the year, the Commerce Department said today, July 29. That’s up from 1.5% growth in the first quarter of 2021. On an annualized basis, second-quarter growth was 6.5 percent. Which brings the economy back to where it was before the pandemic (adjusted for inflation.) That’s a remarkable quick rebound. After the Great Recession ended in 2009, it took two years for the economy to recover the ground that it has lost. But the recovery now faces two tougher jobs: replacing all the growth that didn’t happen because of the pandemic and fixing problems like anemic productivity growth and soaring economic inequality that troubled the U.S. economy before the pandemic recession. .
April 30, 2021 | Daily JAM, Mid Term |
The value of all domestically produced goods and services has almost recovered to the pre-pandemic high recorded by the fourth quarter of 2019 of an inflation adjusted annualized $19.3 trillion but the U.S. stock market has raced well ahead of that recovery. The Standard and Poor’s 500 is up 29.3% from the end of 2019 to the close on April 29.
January 28, 2021 | AG, Daily JAM, DIS, FCX, FQVLF, GDX, GOLD, Jubak Picks, MGM, Morning Briefing, SCCO, Top 50 Stocks |
U.S. GDP growth slowed in the fourth quarter, gaining just 1% from the third quarter. For the full year the U.S. economy contracted by 3.5%. That makes 2020 the first time that the economy has contracted for a full year since 2009 and the Great Recession. At the bottom of that recession that economy contracted by 2.5%. 2020 is also the worst year for economic growth since 1946 when the economy shrank by 11.6% as the country demobilized after World War II. Consumer spending slowed in all 15 categories tracked by the Bureau of Economic Analysis. The sectors that had powered the recovery in the third quarter–restaurants and hotels, for instance–reversed. The growth in spending on cars and health car also slowed from the acceleration in the third quarter. So why is this good news as far as the stock market is concerned?
October 28, 2020 | Daily JAM, Morning Briefing |
I was going to add more downside protection today but I'm putting any Put or short ETF buying off for a day or so--until I see how disruptive to the current downward trend tomorrow the first read on third quarter GDP, to be released tomorrow before the market open by...
May 9, 2020 | Daily JAM, Friday Trick or Trend, Mid Term |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Right now...
April 25, 2020 | Daily JAM |
... earnings drama. The week features reports from Amazon (AMZN), Apple (AAPL), Alphabet (GOOG), Facebook (FB), Microsoft (MSFT), ExxonMobil (XOM) General Electric (GE), Caterpillar (CAT), Ford (F), Tesla (TSLA), Starbucks (SBUX), McDonald's (MCD), Pfizer, and Gilead...
October 5, 2019 | Daily JAM |
... busy, busy, busy. Here's what we know to be on tap for the rest of October as of today October 5. U.S.-China trade talks are set to resume on Thursday, October 10. That means a switch from a period when both nations were issuing statements and policy steps...
July 26, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
The U.S. economy grew at a seasonally adjusted annual rate of 2.1% in the second quarter, the Bureau of Economic Analysis reported this morning. Economists surveyed by Briefing.com had projected that year over year growth in GDP would fall to 1.8%. So today's number...
July 25, 2019 | Daily JAM, Morning Briefing, Short Term |
U.S. stocks paused as expected today ahead of tomorrow's initial report on growth in U.S. GDP for the second quarter. Economists surveyed by Briefing.com are expecting that GDP growth dipped to 1.8% year over year in the quarter, down from 3.1% in the first quarter....
