Random walk in oil? Stocks follow
Today, as of 1:45 p.m. New York time, oil is down with U.S. benchmark West Texas Intermediate off 1.65% to $43.45 and benchmark Brent crude lower by 1.86% to $44.95. U.S. stocks, which have followed oil recently, are lower as well. What else did you expect?
For a really punishing bear market you need a recession too–will we get one in 2016?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...U.S. 2nd quarter GDP growth revised higher by 1.4 percentage points and U.S. stocks are off to the races
U.S. second quarter GDP growth was revised upwards today to an 3.7% annualized rate, an increase of 1.4 percentage points from the prior estimate. None of the economists surveyed by Bloomberg forecast that big a revision. In addition, contracts to purchase previously owned homes climbed in July for the sixth time in the last seven months.
Being long U.S. stocks is a crowded trade right now
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Stock picks for my “relatively positive” view of the fourth quarter
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