Written by Gary
US markets fall from a green session high to a 'minor' selloff (SPY -042%), gold reverses course skyrocketing from 1263 to 1280. The US dollar is slipping, down -0.62%, but crude prices remain steady. Indicators are bearish and more downside is predicted.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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Heartwarming Animals is just one of the entertaining and informative destinations in the HooplaHa - Life with a Smile. An entertaining look at 10 different ways to be happy as shown to us by various animals. There are some words of wisdom in here in this video provided to us by the Heartwarming Animals YouTube Channel. If you are still unhappy after watching this video then I suggest you ponder The Missing Tile Syndrome.
Infographic Of The Day: The History Of Women's Ice Hockey In Canada
Girls and womens hockey is one of the fastest growing games in the world.
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Written by Sig Silber
This report is in our usual weekly format and focuses on the next 30 days which should be again close to "Normal" but with a wetter than usual Northwest and a slower than usual west to east movement of weather systems. We should expect either a La Nina Winter or a Near La Nina Winter which means where it will be wet or dry and warm or cool is becoming fairly clear for CONUS and also for other parts of the World. Full details are provided below. But first, we start the report with the key finding of the San Francisco Fed study of the Impact of Weather on Jobs.
28Oct2016 Pre-Market Commentary: US GDP Rises To 2.9 Percent, Gold Falls Sharply, Markets Expected To Initially Open Fractionally Higher
by Danielle DiMartino Booth, Money Strong
Article of the Week from Money Strong
More haunting even than the terrified screams of lambs being led was the silence that followed their slaughter. Such was the searing pain of relentless recollection for FBI agent Clarice Starling, the tortured lead played to Oscar perfection by Jodie Foster. In an agonizingly whispered scene that has forever left its imprint on the minds of horrified audiences, we hear the bleating of Starling's long-dead tormentors.
Written by Gary
US stock future indexes were flat prior to the GDP report (2.9%), the first report in eight quarters where growth topped 2.6% and the SP 500 slowly moved higher, then back to flat. Gold Immediately shot down to 1263, WTI crude slipped to the low 49's and the US dollar volatile.
27Oct2016 Market Close: Wall Street Closes Fractionally Lower, Interest-Rate Stocks Outweighed Gains
27Oct2016 Market Update: Wall Street Flat, Crude Prices Recovering, US Dollar At Resistance And Gold
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 31st week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. Also ECRI released their lagging and coincident indices this past week.