A snapshot of economist responses to today’s retail sales and trade balance data, both of which were weak. Glenn? I say Glenn? Y’there Glenn?
Well at least the QE2 revelation, which was sufficiently in line with expectation, is now behind us. Dow up 26, Aussie now worth more than the greenback.
Anticipation of a Republican landslide along with QE2 comfort pushed stocks higher and the US dollar lower last night. Dow up 64.
China has to act on its currency or a conflict with the US will become inevitable, argues Director of the Peterson Institute for International Economics, Fred Bergsten.
The Dow was both up 125 and down 55 last night before closing flat as the buyers and sellers battled it out ahead of this week’s major events. Dow up 6.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Another big drop in the US dollar suggested QE2 positioning last night but stocks were unmoved. Dow down 12.
More talk from the “not quite as big as you think” camp on QE2 had the US dollar up and stocks down last night. Dow down 43.
The Dow jumped to exceed its April peak last night on home sale data before meeting selling once more. Dow up 31.