Russel 2000 Index always in the 20 months range
Russel 2000 Index (RTY) remains in the range 1640-2020 since 20 months ! It's now approaching the upper band. Will it have enough strenght to breakout ? Source : Bloomberg
BREAKING >>>New York Fed President John Williams CNBC interview: The Fed "isn't really" talking about rate cuts right now
Mr. Williams said: - The Fed "isn't really" talking about rate cuts right now. - Committee members submit projections regarding path of interest rates. Inflation and economy is still uncertain, but base cases are looking pretty good. - Policy focused on getting inflation down to 2%. - Market reaction to all news events have been larger than normal. - Fed should be ready to hike again if needed. - Fed is at or near right place for monetary policy. - The policy restraints should be dialed back slowly over the next three years.
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Eric | AI & Tech Investing @AITechInvesting
Believe it or not...
On December 14, the GDPNow model nowcast of real GDP growth in Q4 2023 is 2.6%.
Was the FED ULTRADOVISH move on Wednesday driven by a "Trump fear"?
New swing state polling is brutal for Biden... It wasn't the case 3 weeks ago... Source: alx
Goldman Trader: Are $6 Trillion In Money-Market Funds About To Flood The Stock Market
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BREAKING: China's central bank injects RECORD monthly amount into money markets
Source: Bloomberg
China reports fastest industrial expansion in nearly 2 years; retail sales growth misses estimates
China's industrial production advanced by 6.6% year-on-year in November 2023, following a 4.6% gain in the previous month and beating market forecasts of 5.6%. It was the fastest pace of growth since February 2022. Retail sales climbed 10.1% in November from a year ago, the fastest pace of growth since May — though analysts had expected a 12.5% spike following a low base in 2022. Retail sales rose 7.6% in October. Fixed asset investment in urban areas cumulatively grew 2.9% in the first 11 months of the year, compared to expectations for 3% growth. China’s urban unemployment rate stayed at 5% in November. Source: Trading Economics, CNBC
