‘China’s GDP grew 7.9% in the second quarter, retail sales beat’ -CNBC
https://www.cnbc.com/2021/07/15/chinas-q2-gdp-2021-retail-sales.html
Why US Economic Conditions Are ‘Just Right’ For The Stock Market Rally To Continue
In the second quarter, two of the biggest fears among investors were that wage growth and inflation would run too hot.
Heading into the third quarter, inflation remains well above historical norms, but there’s also a growing concern that GDP growth could disappoint and corporate earnings and guidance will start showing signs of peaking.
Tone Matters: New Study Finds Fed Chair’s Positive Tone Leads Higher Share Prices
A positive attitude goes a long way. For the chair of the Federal Reserve, that sentiment may only be truer.
USA Wholesale Trade Sales (MoM) for May 1.300% vs 0.800% Prior
USA Wholesale Trade Sales (MoM) for May 1.300% vs 0.800% prior reading.
Domestic Airline Travel Begins To Stabilize, International Travel Remains Volatile: What You Need To Know
Recent airline travel in the U.S. over July 4 was more than double the levels seen in the year prior, according to TSA reports, and is approaching the pre-pandemic levels of 2019.
USA Continuing Claims for Jun 25 3.339M vs 3.335M Est; Prior 3.469M
USA Continuing Claims for Jun 25 3.339 million vs 3.335 million consensus estimate. The prior reading was 3.469 million.
USA Initial Jobless Claims for Jul 2 373.000K vs 350.000K Est; Prior 364.000K
USA Initial Jobless Claims for Jul 2 373.000 thousand vs 350.000 thousand consensus estimate. The prior reading was 364.000 thousand.
Oil Prices Pull Back From 6-Year Highs After OPEC Fails To Reach Production Deal
The United States Oil ETF (NYSE: USO) is trading lower by 1.9% on Tuesday morning despite crude oil prices hitting their highest level in six years.
Why The Tight US Labor Market May Be Here To Stay
In a series of blog posts last week, Commonwealth Financial Network chief investment officer Brad McMillan discussed just what’s going on with labor shortages in the U.S. economy.