The Q1 of 2014 was greatly affected by the weather and most economist were projecting a contraction to the tune of -1.7%. However, the Bureau of Economic Analysis, puts the decline to -2.9% at an annualized rate, which is sharply down from BEA’s previous estimate of -1.0%. The dollar index fell off the bed and…
In our Witches’ Brew in June, we noted that the Monday after quad-witching day in June has a bearish tone. Specifically, we found that since 1990, Dow declined 71% of times on Monday after June expiration, S&P 500 58% of times, NASDAQ 67% of times and Russell 2000 71% of times. The 2014 was not much different. On Monday after quad-witching…
Economic Report 2:00 AM – GfK German Consumer Climate of 8.9 beat the consensus of 8.5 3:00 AM – Spanish PPI y/y were better @ -0.4% vs. -0.6% 3:00 AM – Austrian Industrial Production (YoY) came at 0.4% vs. 0.8% forecast 3:00 AM – Dutch GDP (YoY) were 0.0% vs .-0.5% 4:00 AM – Italian Retail Sales…
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