Month: July 2019

Speak now or forever hold your peace If you have a great idea that you want to share with your fellow traders, now is the time to speak up. Failure to do so, may cause you lots of consternation or anxiety. You may lose sleep.  So let it all out. Clear your trading soul.  :
Broader indices trade near session highs With 2 or so hours left in the trading day, the broader S&P and NASDAQ index are looking to close with record highs. The S&P index is currently up 19.78 points or 0.66% at 3023.47. The record close came in on Wednesday at 3019.56. For the week, the S&P index reached a low of 2976.65 on
Highlights of the second quarter GDP report Q1 GDP was 3.1% q/q annualized Q4 was 2.2% (revised to 1.1%) GDP y/y +2.3% vs +2.7% prior 2018 GDP unrevised at +2.9% Details: Personal consumption 4.3% vs 4.0% exp (fastest since Q2 2017) Prior personal consumption +0.9% (revised to +1.1%) Consumer spending on durables +12.9% vs +0.3%