Marc to Market

Austrian Presidential Election is Important even if Overshadowed by Italy's Referendum

Marc Chandler November 30, 2016

The ADP private sector employment estimate will steal some thunder from the official estimate on Friday. Although the two times do not line up tightly in the short-term, ADP captures the underlying trend. The ADP estimate removes some of the downside risks of Friday's BLS report.
With OPEC apparently reaching an agreement to cut output, th…

Austrian Presidential Election is Important even if Overshadowed by Italy's Referendum Reviewed by Marc Chandler on November 30, 2016 Rating: 5

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Renewed OPEC Hopes and Month End Featured

Marc Chandler November 30, 2016
Yesterday's pessimism about a potential deal at today's oil producers' meeting in Vienna has been replaced by optimism and that crude oil around 5%. Supportive comment by Iranian officials about there being acceptable proposals on the table and intimations that Russia may also participate in cuts fanned the newfound hopes.
Still, t…

Renewed OPEC Hopes and Month End Featured Reviewed by Marc Chandler on November 30, 2016 Rating: 5

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Some Thoughts on Q3 US GDP

Marc Chandler November 29, 2016
The US economy now is estimated to have expanded by 3.2% in Q3, up from the initial estimate of 2.9%, and is the fasted in since Q3 2014. The average quarterly growth rate this year is 1.8% compared with 1.9% last year. The Federal Reserve estimates trend growth or the long-term sustainable pace is 1.8%. Growth this quarter is looking to be abo…

Some Thoughts on Q3 US GDP Reviewed by Marc Chandler on November 29, 2016 Rating: 5

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Bernanke Suggests How to Use the Dot Plots

Marc Chandler November 29, 2016
Former Fed chief Bernanke will participate in a discussion tomorrow about the Fed's communication. Ahead of it, he has sketched out his views on his Brookings Institution blog here.
Most of the discussion is on the Summary of Economic Projections (SEP), the infamous dot plot. Bernanke defends this communication tool, but implicit in the def…

Bernanke Suggests How to Use the Dot Plots Reviewed by Marc Chandler on November 29, 2016 Rating: 5