Well Spent

The pace of consumer spending that supports the U.S. economy is finally running out of steam – a test for next year’s economy – Bloomberg

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2023-12-03 15:10:00 The US economy has finally begun to slow down. Recent economic indicators, warnings issued by major retailers such as Walmart, US Regional Federal Reserve Economic Report (Signs of this are increasing, such as comments on the economic situation in the Beige Book. U.S. household budgets showed unexpected strength through much of 2023, with … Read more

U.S. personal consumption spending slows in October; price index also slows, suggesting economic slowdown – Bloomberg

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2023-11-30 13:43:00 Growth in U.S. personal consumption expenditures (PCE) in October slowed from the previous month as inflation continued to slow. This suggests that the economy is shifting to a lower gear. Key Points PCE core price index rises 0.2% month-on-month Market forecast also rises 0.2% Last month rises 0.3% Year-on-year rise 3.5% (in line … Read more

U.S. GDP revised upward to 5.2% for July-September period – the highest growth in about two years – Bloomberg

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2023-11-29 13:36:51 The revised U.S. real gross domestic product (GDP) for the July-September period (third quarter) has been revised upward from preliminary figures, marking the highest growth rate in about two years. This reflects upward revisions to capital investment and government spending. Key Points Revised U.S. real gross domestic product (GDP) increased at an annual … Read more

U.S. stock rally shows signs of running out of breath; futures are already a bit bearish – City – Bloomberg

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2023-11-28 12:48:09 The market that led the S&P 500 to one of its best November gains in 100 years is running out of steam. A Citigroup strategist expressed this view. Futures flows have been “mixed” over the past week, with the net position in S&P 500 futures “moderately bearish,” according to Chris Montague’s team. The … Read more

Deutsche Bank bullishly forecasts U.S. stocks to reach new highs within next year, with S&P target of 5100 – Bloomberg

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2023-11-27 12:58:32 There are growing expectations that the S&P 500 stock index will reach a new record high within the next year. Deutsche Bank strategists set the most bullish targets on Wall Street. The bank’s team, led by Binky Chadha, expects the S&P 500 to reach 5,100 by the end of 2024, about 12% above … Read more

China’s major shadow banking company shortfalls by 5.4 trillion yen – ‘serious insolvency’ – Bloomberg

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2023-11-23 14:21:33 China’s huge shadow banking group Sino-Shi Enterprise Group, which is struggling with financial difficulties, is in a “serious insolvency state” due to a $36.4 billion (approximately 5.4 trillion yen) funding shortfall, investors say. explained. This suggests how tight they are in terms of cash flow. In a letter sent to investors on the … Read more