There's a whole lot going on in the US these days, so let's start with a summary of the major economic news

Jay Soloff

Argonath Financial

There's a whole lot going on in the US these days, so let's start with a summary of the major economic news. First off, durable goods for December fell by a lofty 4.3%, a significant downside surprise. Bloomberg's median estimate of economists came in at a 1.8% gain, so December's number is clearly disappointing. On the other hand, the awful weather in the US over the last couple months could have very well skewed the results. On the bright side, the Conference Board's index of consumer confidence climbed to 80.7, a decent clip above the 78 predicted by economists and a nice jump from the prior month's 77.5. More importantly, the Fed beings its last meeting in the Bernanke era today. Given the recent negative global economic news, it will be intriguing to see how the Fed handles its tapering timeline. (VIEW LINK)

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

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...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment