I saw this chart today (here) and didn’t believe it so I double checked the Census Bureau and it’s true. The current projection is for the US population to now peak at just-under 370 million in 2080 but with it reaching 359m in 2040, it’s a really long plateau. Given the plunge in fertility rates […]
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RBC is out with its monthly Canadian consumer spending tracker and the picture is positive, with spending increasing across almost all categories. Retail sales, excluding motor vehicles, experienced significant growth during the month, largely driven by an uptick in home-related purchases, sporting goods, and clothing. These trends indicate a broader seasonal trend as Canadians prepare […]
There could be some fireworks in the oil market at the weekly open. Iraq’s oil minister made a comment suggesting they won’t agree to any additional cuts at the June 1 OPEC+ meeting. What’s not clear is if he meant: They will extend the current cuts but won’t cut anymoreThey won’t curtail production at all, […]
Welcome to your daily ETH analysis and ETH price forecast 📊 Dive into daily insights and plan your trading strategies with precision. Today’s ETHUSD technical analysis and price forecast – May 11, 2024 Current Price: $2,905Daily High/Low: $2,935.5 / $2,886.4Current trend for ETHUSD – bearish as long as ETHUSD is below the previous session’s value […]
For the y/y data: CPI +0.3% continuing to claw its way out of deflation this is the third consecutive month of above zero CPI y/yexpected +0.2%, prior +0.1% PPI -2.5% still in deep deflation, as it has been since October of 2022expected -2.3%, prior -2.8% The slight lift for the CPI is good news in […]
US major indices close mixed with Nasdaq modestly lower. Dow up for 8th day in a rowWhat company earnings will be released in the week starting May 13Crude oil futures settle at $78.26What key economic events the releases are on the schedule starting May 13?Goolsbee and Kashkari: In a wait-and-see mode.US federal budget for April […]
The major stock indice are ending the day mixed with the Nasdaq down marginally. THe S&P and the Dow rose. The Dow closed higher for the 8th consecutive week. The S&P was up nearly 2% on the week and all the indices moved higher this week. The final numbers are showing: Dow industrial average rose […]