Plenty of news hitting the wire in the US over the last few days, including several key economic indicators
Plenty of news hitting the wire in the US over the last few days, including several key economic indicators. First off, GDP clocked in at an annual rate of 3.2%. That's down from 4.1% in the prior quarter but still shows the economy growing at a reasonable rate. It was also directly in line with expectations. In the meantime, personal income and personal consumption reports sent mixed messages. Personal consumption climbed 0.4% from the prior month and 3.6% for the year. That's the highest annual rate in a year. Conversely, disposable personal income took a hit with December income down 1.7% year-over-year while decreasing slightly from November. While the spending numbers are encouraging, disposable income will have to catch up to spending in order for the economy to show sustained growth. (VIEW LINK) (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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