US Economy a Long Way from Recession in Q4, GDP Grew 2.9%

The US economy increased at an annual rate of 2.9% in the fourth quarter, ahead of consensus 2.6%. The report followed a 3.2% increase in the third quarter. The report suggests the economy was resilient and held on in the fourth quarter in the face of rising interest rates, moderating consumer spending (and inflation), political uncertainty and falling sentiment. The GDP Price Deflator was up 3.5% (consensus 3.2%) following a 4.4% increase in the third quarter. The Q4 PCE Price … Continue reading “US Economy a Long Way from Recession in Q4, GDP Grew 2.9%”

Consumer Spending Helped US Economy Grow Stronger than Expected in Third Quarter

The US economy has recovered strongly in the third quarter, growing at an annualized 3.2% on quarter in Q3 2022, ahead of the second estimate and consensus 2.9%. Significantly higher than the advance estimate +2.6% and Q2 GDP of -0.6%. The report ended a two-quarter streak of negative GDP prints. The report suggests the economy was resilient held in the third quarter to rising interest rates and why the Fed continued to raise rates aggressively in the third quarter. The American … Continue reading “Consumer Spending Helped US Economy Grow Stronger than Expected in Third Quarter”

US Q3 GDP Grew 2.6% Ending a Two Quarter Streak of Negative GDP

The US economy increased at an annual rate of 2.6% in the third quarter, ahead of consensus 2.3%. The report ends a two-quarter streak of negative GDP prints. The report suggests the economy was resilient held in the third quarter to rising interest rates. Real final sales of domestic product, which excludes the change in private inventories, grew a sturdy 3.3%. The GDP Price Deflator stepped down to 4.1% (consensus 5.3%) from 9.0% in the second quarter. USA Advance Q3 … Continue reading “US Q3 GDP Grew 2.6% Ending a Two Quarter Streak of Negative GDP”

Danaher Floating off Environmental & Applied Solutions Segment Enhances Opportunity

Life sciences and diagnostics company Danaher is moving focus on the growth opportunities for Life Sciences and Diagnostics segments. The company intends to float off its Environmental & Applied Solutions (EAS) segment into a separate publicly traded company. DHR would then be to further capitalize on the seen powerful growth in the other segments having been entrenched in the development of COVID-19 vaccines and therapeutics through its $21.4 bln acquisition of Cytiva in 2020. Cepheid also received Emergency Use Authorization … Continue reading “Danaher Floating off Environmental & Applied Solutions Segment Enhances Opportunity”

US Q2 GDP Shrank 0.9% Putting America in Recession Despite Biden Administration Denials

The US economy had the second contraction since early in the pandemic shrinking -0.9% vs +0.5% expected in the second quarter after a -1.6 percent decline in the first, confirming that a recession has already begun. A recession is defined as two consecutive negative quarters of growth. Bewilderingly the Biden Administration through the President himself and Treasury Secretary Yellen continue to deny the US is a recession and the definition is wrong. What these continual false truths has done is … Continue reading “US Q2 GDP Shrank 0.9% Putting America in Recession Despite Biden Administration Denials”

Dismal US Q1 GDP Shrank 1.4% vs +1.1% expected

The US economy had the first contraction since early in the pandemic shrining 1.4% in the first quarter after it was expected to grow 1.1%. The decline in U.S. gross domestic product was a sharp reversal from the 6.9% annual growth rate in the fourth quarter, the Commerce Department said Thursday. The drop in GDP was fueled by a widening trade deficit. Fading government stimulus spending related to the pandemic weighed on GDP. USA Advance Q1 2022 GDP highlights The … Continue reading “Dismal US Q1 GDP Shrank 1.4% vs +1.1% expected”

S&P 500 Nabbed 70 Record Highs in 2021 Fueled by Mega-Caps Apple and Microsoft

The Blue-Chip S&P 500 index clocked 70 fresh record highs in 2021. Trailing only 1995 with 77 closing highs. The ‘Spoos’ was the biggest US Index winner, gaining 26.9% following the SPX gaining 16% in 2020. The ES was powered by mega-caps Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (FB), Tesla (TSLA), and NVIDIA (NVDA). Risk takers pushed the Standard & Powers 500 index to fresh all times highs in 2021 as vaccine optimism and the prospects of further fiscal stimulus in the US fueled … Continue reading “S&P 500 Nabbed 70 Record Highs in 2021 Fueled by Mega-Caps Apple and Microsoft”

The Nasdaq 100 Soared 26.6% in 2021 Powered by Lucid and Moderna

The technology laden Nasdaq-100 rose 26.6% in 2021, on the heels of the massive 47.6% in 2020. Powered by new technology such as Lucid up 280%, Biotechs such as Moderna up 143%. Stay at Home stock reversed this year. Peloton was this year’s biggest loser, down -76.43 after being up 434% in 2020. The Nadaq-100 Index includes the largest 100 non-financial stocks by market cap in the full Nasdaq Composite Index It includes Chinese companies that aren’t included in the … Continue reading “The Nasdaq 100 Soared 26.6% in 2021 Powered by Lucid and Moderna”

The Dow Finished Up 18.7% in 2021 Led by Home Depot and Microsoft

The Blue-Chip Dow Jones Index closed near record highs on the last day of 2021 up 18.7% on the year, after gaining 7.1% in 2020. Home Depot and Microsoft led the Dow this year, with both surging over 50%. Massive Fed and fiscal stimulus coupled with vaccine optimism and the prospects of further fiscal stimulus in the US fueled no fear risk taking on steroids. The Dow was down over -36% at the March 2020 low.   Risk takers pushed … Continue reading “The Dow Finished Up 18.7% in 2021 Led by Home Depot and Microsoft”

Robust US Q1 GDP 6.4 percent Growth Catalyzed By Stimulus Payments and COVID Vaccines

The US economy grew by a robust annualized 6.4 percent in the first quarter of 2021, following a 4.3 percent expansion in the previous three-month period and slightly ahead market expectations of 6.1 percent, the advance estimate showed. The bounce back comes with stimulus payments and reopening activity catalyzed by the COVID vaccines.