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Day: May 27, 2021

False Profits: Looking Past the Stall in Today’s GDP Print

Summary Revised data show that real GDP grew at an annualized rate of 6.4% in Q1-2021, which is unchanged from the initial estimate that was released a month ago. The overall rate of real GDP growth was driven by broad-based increases in many of the underlying spending components. Gross domestic income grew at a robust …

False Profits: Looking Past the Stall in Today’s GDP PrintRead More

WTI Oil Outlook: Oil Eases After Double-Doji, But Signals Remain Mixed

WTI oil price edged lower on Thursday but remains within a narrow range that extends into third day and consolidating strong rally of last Mon/Fri (up 6.5). Oil remains supported by expectations for stronger demand on summer driving season in Europe and the United States that so far counters concerns about lower demand from India …

WTI Oil Outlook: Oil Eases After Double-Doji, But Signals Remain MixedRead More

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