Doug Short's picture

Consumer confidence rebounded modestly in December, propelled by a considerably more favorable assessment of current economic and labor market conditions. As a result, the Present Situation Index is now at its highest level since February 2008...

Jeffrey D Saut's picture

While investors’ attentions were focused on last week’s economic reports, new highs in various indices and Christmas, the proverbial tree in the forest fell and was not heard. Verily to a cornered Vladimir Putin, who is feeling the pressure of a crude oil and Russian...

Marc Chandler's picture

The recent string of US economic data showed not only an upward revision in Q3 GDP to 5%, but also strong consumption data, rising confidence and continued improvement in the labor market (weekly initial jobless claims).

Doug Short's picture

Subsequent to the dip last winter, 2014 growth has been excruciatingly slow. However the trend has accelerated over the past two months. This improvement is to some extent the result of the drop in gasoline prices...

Charles Hugh Smith's picture

As unemployment topped 10%, the January 1975 cover of Ramparts magazine blared: The End of Affluence: The Last Christmas in America (TLCIA). The government responded to the high unemployment, rampant inflation and rising budget deficits...

Matthew Kerkhoff's picture

US GDP growth reaching 5% in Q3 raises lots of questions. Are things finally getting better? Is the economy reaching breakout speed? Is Fed tightening now on our doorstep? Is this the beginning of a sustained upward trend or the apex of our economy...

Doug Short's picture

In the week ending December 20, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 9,000 from the previous week's unrevised level of 289,000. The 4-week moving average was 290,250, a decrease of 8,500 from the previous week's unrevised average of 298,750.

Marc Chandler's picture

The divergence investment theme is based on positive developments in the US and not-so-positive developments elsewhere. If the consensus ends up being wrong, the US narrative may be the most susceptible to disappointment. There seems to be three different ways that could unfold.

Doug Short's picture

From an official standpoint, the Great Recession ended 60 months before the most recent gasoline sales monthly data point. But if we want a simple confirmation that the economy is in recovery, gasoline sales continues to be the wrong place to look.

Sheraz Mian's picture

Stocks have been on a tear in the last few sessions and the trend will likely continue in today’s session as well, with the extremely positive GDP report adding to market sentiment.