The AI investing ecosystem
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
Is Fed making the same error as the mid 1970s?
In the 1970s they also thought they had beat inflation in 1974-1975, they lowered rates and then inflation roared back to even higher levels in the late 1970s. Inflation on came down in early 1980s because of two factors. 1) massive new oil (energy) supply from Alaska, Gulf of Mexico, North Sea and huge new fields in Mexico coming online. 2) 18% interest rates crushed the economy. Source: Wall Street Silver
Holday gift idea
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