Economic Update: August 19, 2019
The first estimate for 2Q19 real GDP growth came in at 2.1%, a little stronger than the consensus expectation of 1.9%. Real government spending and real consumer spending were positive contributors to growth, while a decline in business fixed investment, slower inventory growth and weaker trade detracted. Looking forward to the third quarter, inventory growth should decline further while consumer spending and government spending will likely grow at a more moderate pace and trade numbers should continue to be weak.
Deere Oh Deere
On Friday, agricultural equipment-maker Deere lowered its annual earnings outlook for the second time this year, while reporting quarterly results that stumbled short of investors’ expectations.
August 19, 2019
Technical Analysis (Gold, Dollar, Oil and more) Heading into Monday’s Open: August 19, 2019
What’s on Tap Weekly Calendar: August 19, 2019 – August 23, 2019
Weekly Calendar: August 19, 2019 – August 23, 2019 – Monday August 19th: Economic Calendar: No Major Economic Data Released;Earnings Calendar: Earnings Before the Open: EL,Earnings After the Close: NOVA
Huawei Still Under The Microscope
Corn (ZC) Nearing 2019 Low
What Extreme Monetary Policy Means for Gold (w/ Greg Weldon)
Cotton (CT) Daily MACD Positively Crossing
New on the Frontier (Aug 19-23): Kuwaiti CPI on Tap amid Regional Volatility and Lower Oil Prices
Recession, Really? Not Based on Today’s Economic Data
New Week, Same Volatility In The World Of Natural Gas
Art of the Tariff
Trade friction threatens global growth. The IMF recently called for a quick resolution between the U.S. and China. It’s blamed for the continuing drop in bond yields, with some investors openly contemplating whether the U.S. could soon join other developed country sovereign debt with negative interest rates.
Natural Gas (NG) Daily MACD Positively Crossing
August 13, 2019
Technical Analysis (Gold, Dollar, Oil and more) Heading into Tuesday’s Open: August 13, 2019
Morning Express: August 13, 2019
U.S benchmarks are doing their best to stave off waves of selling as mounting recession fears and geopolitical concerns rattle risk-sentiment around the globe. Germany’s closely watched ZEW Sentiment this morning was worse than expected and at the lowest level since December 2011. Hong Kong’s international airport is again closed; the ongoing protest and violence are showing no signs of dissipating.
Economic Update: August 12, 2019
The first estimate for 2Q19 real GDP growth came in at 2.1%, a little stronger than the consensus expectation of 1.9%. Real government spending and real consumer spending were positive contributors to growth, while a decline in business fixed investment, slower inventory growth and weaker trade detracted.
Growth Concerns Linger After Turbulent Week
The S&P 500 futures trade 12 points, or 0.4%, below fair value following a turbulent week on Wall Street, while investors continue to assess U.S.-China trade relations and the Hong Kong government protests.The Hong Kong protests have yet to materially affect U.S. equity markets but given the limited scope of corporate and economic news today.
Many Factors Could Tighten Corn Ending Stocks
What’s on Tap Weekly Calendar: August 12 , 2019 – August 16, 2019
Weekly Calendar August 12 , 2019 – August 16, 2019: Economic Calendar, Earnings Calendar, Expected IPOs for the week.
Wheat (ZW) Near 50% Fib Retrace of May-Jun Rally Ahead of WASDE
Why Are Investors So Suddenly Crazy about Gold? (w/ AK)
Grain Express: August 9, 2019
Export sales yesterday morning came in at 239,500 metric tons, below the low end of expectations. Weather has turned hot and dry for some areas (Surprise, it’s August), causing some concern for late planted corn, there’s a lot of it. Estimates for Monday’s USDA report have been rolling out and that has helped put some premium in the markets this week. Below are estimates from Reuters.