Source: Markets Insider Investors should be concerned about yield curve inversion and Fed rate hikes but do not point to a recession in the US economy, according to JPMorgan’s Marko Kolanovic. DXY down -0.81%, EUR USD up +1.04% A yield curve inversion, where short-term interest rates are higher than longer-term interest rates, has historically signaled that the economy is … [Read more...] about US Economy Is Unlikely to Plunge into Recession Despite Fed Rate Hikes, Says JPMorgan Kolanovic
USA
US Job Openings Slightly Down to 11.266M in February
Source: Bureau of Labor Statistics Job openings in the United States posted a slight decrease in February, with hires and separations recording modest increases during the month. QQQ is up 0.82%. Job openings stood at 11.266 million in February, down from 11.283 million in January and 7.860 million in the same month last year.The private sector accounted for 10.235 … [Read more...] about US Job Openings Slightly Down to 11.266M in February
US National House Price Index Jumps by 19.2% In January
Source: S&P Dow Jones Indices US house prices increased by an annual 19.2% in January, accelerating from a gain of 18.9% the previous month. SPY is up +0.87%, DXY is down -0.97%. The 10-City Composite annual rise in house prices was posted at 17.5% in January, compared to 17.1% the previous month. The 20-City Composite rose by 19.1%, compared to the previous 18.6% … [Read more...] about US National House Price Index Jumps by 19.2% In January
Texas Factory Output Contracts in March
Source: Federal Reserve Bank of Dallas Factory activity in Texas contracted in March, as major index components saw a decline during the month. QQQ is up 0.10%. The production indicator stood at 13.2 in March, down by 1.3 points from 14.5 in February but higher than the 10.9 series average.New orders fell by 12.6 points to 10.5 from 23.1 in February, marking its lowest … [Read more...] about Texas Factory Output Contracts in March
US Trade Gap Narrows to $106.6 Billion in February
Source: US Census Bureau The United States’ trade gap narrowed in February, as exports grew at a faster pace than imports during the month. QQQ is up 0.63%. The international trade deficit stood at $106.6 billion, $1.0. billion or 0.9% lower than the $107.6-billion deficit recorded in the previous month.Exports climbed by $1.9 billion to $157.2 billion, while imports … [Read more...] about US Trade Gap Narrows to $106.6 Billion in February
