Economy

The Strong USD Is Negatively Impacting US Trade March 06, 2015

Posted by Knowledge Leaders Team in Economy

Exports have been a solid contributor to US GDP growth for the last few years, while consumption and residential investment have been more restrained.  Recently, with consumption firming and likely to improve further from the tail-wind of lower oil prices, and exports faltering, it appears the drivers of the US economy are trading places.

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USD and Purchasing Power Parity March 06, 2015

Posted by Knowledge Leaders Team in Economy

We mentioned yesterday that the US dollar is again breaking out and that tends to be negative for most stocks around the world. Today, we thought we would continue to look at US dollar strength. The nominal trade-weighted dollar index by major currencies is again very close to breaking out to 11+ year highs.

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The Pop In US Mortgage Apps Was Fun While It Lasted February 25, 2015

Posted by Knowledge Leaders Team in Economy

After starting the year off with a bang (thanks to refinancing activity), US mortgage applications are tumbling back towards the depressed 2014 levels. Mortgage apps fell for the third straight week even as the purchase index rose for the first time in seven weeks.

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Fed PMIs Were Almost Universally Weaker In January February 17, 2015

Posted by Knowledge Leaders Team in Economy

We had our first look at manufacturing conditions in February (NY Fed Empire Survey came in below consensus by a few points) and tomorrow we have the industrial production report for the US. What should we expect when that report comes out?

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