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- Durable Goods Orders report was positive, up 0.8%
- Largely due to defense orders
- Transport orders fell
- Capital goods orders -machinery and whatnot- fell for the second straight month
- The GDP report comes out today at 8:30 – growth is expected at 3.5%
- The Kansas City Fed is showing business spending falling fast
- Americans collecting unemployment hit its lowest level in decades
- Alphabet fell about 5% after the company released revenue figures that were slightly below analysts’ estimates.
- Amazon reported record quarterly profits of about $2.9bn.
- But its shares fell 9% in after-hours trading after the company warned that sales during the coming Christmas period might be lower than expected.
- The price of Copper, Aluminum, and Nickel has fallen fast, bringing down the share price of mining firms – you can thank the rise of the USD for that
- Trade and manufacturing confidence is crumbling in Germany, construction sentiment looks bright though
- South Korean stocks continued their bearish descent
- Argentina’s consumer sentiment has been crushed
- The executive board of the IMF meets in Washington, DC today to approve Argentina’s revised $57bn credit line—the largest in the fund’s history.
- Mexico’s retail sales beat expectations (Actual: 3.9% | Expected: 3.7%)
- Shares of homebuilders may have finally bottomed out – look at Bloomberg’s American Homebuilder Index
READ Prepare for The Biggest Market Collapse in The History of Trading -- The Greatest Crash of All Time
- Nothing new here as the yuan continues to fall, I feel like I write this everyday
- Inflows into Chinese bonds are slowing dramatically