Armada Intelligence
Category archives for: Economy

Somebody Blinked  

It was not the IMF and it wasn’t the ECB or the Eurozone or the Germans. The game of EU chicken was coming down the very wire and if something didn’t break there would be chaos of a sort. Granted the majority of the affected parties in Europe had already built in some reaction to […]

Problems with Global Productivity $

There have been plenty of stories pointing out that productivity levels have been falling in the US and Europe as well as Japan and there have been plenty of theories as to why this is the case. Most revolve around the slowing pace of technology – there have been very few breakthroughs in the last […]

Keep an Eye on India Weather Pattern.

Many of you have trading partners in India, you need to keep an eye on the weather there. A heat wave has set up over large swaths of the country pushing the temperature up to 122 degrees in many locations.  Up to 800 deaths have directly been blamed on the weather and meteorologists say that […]

US Dollar Surges.

When it comes to the US dollar, small percent changes have big market impacts. The dollar gained strongly against a bucket of currencies on Tuesday, and especially the Euro which fell below the $110 benchmark rate many considered to be a technical level. The dollar index was up by 1.3% in trading on Tuesday.

Flash US Services Report Slips $

As you probably know, there are two primary business reports released at the end of each month from Markit surveys, one covering manufacturing and the other covering services.  The manufacturing reports (from both Markit and the ISM) cover about 19% of the US economy; the services sector covers about 70%, other industries make up the […]

New Home Sales Rise in April.

New home sales moved upward to a seasonally adjusted 517,000 annual rate, up from 484,000 posted in March, a gain of 6.8%. As we mentioned in the story above, one of the big reasons why new home sales may be a little depressed (lower than normal) is that we don’t have a tremendous amount of […]

S&P/Case-Shiller 20 City Home Price Index Lifts in March. $

It’s a bit of a lagging data point, but the Case-Shiller March 20-City Home Price Index was released today, and it improved by 5% year-over-year in March. This was the 35th consecutive month of gains year-over-year for home prices. The chart from S&P at right would seem to be far less exciting – especially when […]

Durable Goods New Orders Mixed. $

Let’s jump to the big headline figure that means the most to us. Nondefense capital goods new orders rose .3% in April. This represents business investment and spending. When the Nondefense capital goods figure is good, it means that business sentiment and investment is growing – hence economic activity is likely to improve.

Heavy Economic News Day.

Today was a heavy economic news day. In fact, this week will be heavy for major economic news from around the world. If you paid attention to Wall Street today, you would have seen a lot of the volatility and uncertainty playing out on the street. The CBOE VIX was up 19% at one point […]

3% US GDP Growth Rate Still on Tap. $

There have been a number of analysts that have looked at the recent data being released by the Fed and although we don’t see it in current data; they believe that we are still on track for a 3% economy.

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