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Momentum Lost? Private Income Corroborates Possibility Presented By Claims
Article By:
Jeffrey P. Snider
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Saturday, August 1, 2020 8:14 PM EDT
Entering 2020, before COVID, private income derived from all sources had slowed to the lowest rate since 2010. A.ccording to the latest annual revisions 2019, was more recessionary than previously thought especially in the middle and toward the end.
Euro Latest: Eurozone Posts Record GDP Contraction, EUR/USD Unfazed
Article By:
DailyFX
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Saturday, August 1, 2020 7:57 PM EDT
Eurozone GDP posted the largest contraction on record of 12.1% (records began in 1995), slightly below expectations of 12%, while the yearly rate showed a 15% contraction, against expectations of -14.5%. In reaction, the Euro was relatively muted.
Technical Market Report For August 1
Article By:
Mike Burk
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Saturday, August 1, 2020 7:44 PM EDT
The good news is August, during the 4th year of the Presidential Cycle, has historically been the best month of the year but leadership is narrow; there have been very few new highs considering the indices are near their all time highs.
In this article: SPX
The Big Four Economic Indicators: Real Personal Income In June 2020
Article By:
Jill Mislinski
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Saturday, August 1, 2020 7:31 PM EDT
Personal Income (excluding Transfer Receipts) in June rose 1.78% and is down 2.9% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) MoM was up 1.41%.
Cannabis Central: Pot Stock Index Up 7.6% Last Week Of July
Article By:
Lorimer Wilson
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Saturday, August 1, 2020 7:15 PM EDT
Our munKNEE.com's Pot Stock Index (PSI) was up an exceptional 7.6% this past week compared to a 1% decline the previous week and just a 2.6% increase the week before that.
In this article: CGC, CRLBF, GTBIF, TSNDF, PLNHF, CURLF, YCBD, GNLN, AYRWF, CCHWF (NOW CBSTF), JUSHF
JPMorgan Finds That Shorts Across The Globe Have Capitulated
Article By:
Tyler Durden
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Saturday, August 1, 2020 7:09 PM EDT
in his latest observation on this topic, JP Morgan strategist Nikolas Panigirtzoglou writes in his latest weekly F&W report that "this previous advantage for non-US stocks appears to have been diminished as short covering advanced."
In this article: SPY
Weekly Market Digest: Why It’s Important To Manage Concentration Risk
Article By:
Personal Capital
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Saturday, August 1, 2020 6:25 PM EDT
The virus, U.S. response, and presidential election continue to be front and center in the minds of investors. With so much uncertainty still ahead, we believe diversified portfolios will begin to look more and more attractive.
FTSE 100 Pushing Down On Support As GBP/USD Strength Weighs
Those Three Weeks Of Hysteria
Article By:
Jeffrey P. Snider
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Saturday, August 1, 2020 5:59 PM EDT
The Fed Chairman needs you to believe that his institution performed splendidly, even to the point of saving the world yet again.
Nasdaq Assumes Command As Big Four Come Through While Energy Gets Pummeled
Shares Of China-Based Tesla Competitor Li Auto Surge In Nasdaq Trading Debut
Article By:
Tyler Durden
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Saturday, August 1, 2020 5:23 PM EDT
New Chinese startup Li Auto just saw major success upon listing its shares on the NASDAQ, proving that: a) the EV hype is still alive and b) U.S. investors have learned precisely nothing from watching one China-based fraud implode after another.
In this article: TSLA
“Insanely Stupid” To Chase Stocks As Economy Plunges?
Article By:
Lance Roberts
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Saturday, August 1, 2020 4:59 PM EDT
When stocks, gold, and bonds are stretched beyond normal bounds (200-dma), reversions tend to occur. The only question is timing.
In this article: SPX