Summary United States: Busy Data Week Shows Wobbling U.S. Economy Data released this week showed that U.S. economic growth modestly contracted in Q2. New home sales were yet another data release that pointed toward a Read more…
Summary The Eurozone economy proved pleasantly—and surprisingly—resilient in Q2, with the initial estimate showing the region’s GDP grew by 0.7% quarter-over-quarter. Not only was that firmer than the consensus forecast for a 0.2% gain, it Read more…
Amazon stock is rallying on earnings, but could be nearing a key resistance zone. Here’s how to trade it now. It’s been a long time since we’ve been able to say this, but shares of Read more…
U.S. Highlights Real GDP declined for the second consecutive quarter in Q2, meeting one (narrow) criteria of a recession. The Federal Reserve delivered another supersized rate hike of 75bps this week, bringing the upper bound Read more…
U.S. households are taking on more student loan debt than ever. Mom and Dad aren’t as upset as you might think about taking on debt to get Junior through college. That’s a bet worth making, Read more…
How strong is the labour market? Last week was action-packed and it’s not likely to ease up with attention now shifting from the Fed and the “technical recession” in the US to the labour market. Read more…
We expect the Canadian and U.S. labour markets to have added jobs in July, albeit both at a slower pace than earlier in the pandemic recovery. We expect the Canadian employment count edged up 15k, Read more…
The U.S. is proposing to trade a convicted Russian arms dealer for Griner and a Marine that has been in custody since 2018. Tilray (TLRY) – Get Tilray Brands Inc. Report may have had mixed results Read more…
The coming week is shaping up to be another crucial one for gauging recession risks and monetary policy paths. It’s NFP week in the United States and the RBA and Bank of England will decide Read more…
Next Tuesday, the RBA meets again and is widely expected to raise the cash rate. Once again, the main question will be by how much. RBA communique in mid-July brought a new hawkish element to Read more…