DAILY MARKET VOLUME/VALUE: On a typical day this year about $471 billion worth of shares change hands on exchanges in the U.S. – the record was set in Feb. 28, 2020 when almost $1 trillion in value swapped hands. Total U.S. composite volume: MVOLUSE Index – it’s in billions – across the U.S. tapes – …
MUNICIPAL EXPENDITURES: My CHART OF THE MOMENT shows municipal and state expenditures were a net drag on gross domestic product for the past two quarters, subtracting 0.40 percentage point in the three months ended in June and 0.3 percent in Q3 – that’s the biggest drag we’ve seen since the stealth recession back in 2011/2012 …
back to all Monday: A relatively light week for financial markets with major exchanges shuttered on Monday for Memorial Day. Though the OECD does plan to release its biannual economic outlook. Not typically market moving but it should give investors another data point to mull over. Tuesday: Commodity traders watching to see if OPEC reaffirms …
A look at what U.S. financial markets have their eye on in the week ahead. Read More »
back to all A look at what U.S. financial markets have their eye on in the week ahead. Monday: That antitrust case brought by Fortnite maker Epic Games over how much Apple’s App Store charges developers is scheduled to begin trial by a federal judge. The implications are massive and could provide plenty of fodder …
A look at what U.S. financial markets have their eye on in the week ahead. Read More »
