Economic, Fundamental and Monetary Environment

Economy The U.S. economy is humming along. The pace of growth is not brisk or very satisfactory but it is also not alarming. The real GDP, total non-farm payroll and retail sales are maintaining their growth trajectory. The unemployment level continues to decline and the industrial production has seemingly arrested it decline and is levelling off…

Morning Notes – Wednesday July 26, 2017

Directional Bias For The Day: S&P Futures are higher Moving up since 0:00 AM Early morning earnings are mostly above estimates Odds are for an up day – watch for break below 2475.50 for signs for a change of fortunes Key economic data due: New Home Sales (est. 615K) at 10:00 AM FOMC Statement and Fed Funds Rate at 2:00 PM Markets Around…