Archive for July 28th, 2010

Durable Goods Orders Unexpectedly Decline in June

| July 28, 2010

The Census Bureau reported that new orders for manufactured durable goods decreased 1.0% in June, whereas consensus expectations were for an increase of 1.0%. “New orders for manufactured durable goods in June decreased $2.0 billion or 1.0 percent to $190.5 billion, the U.S. Census Bureau announced today. This was the second consecutive monthly decrease and […]

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Markets Await Initial Estimate of Second Quarter GDP

| July 28, 2010

The initial estimate of second quarter GDP will be released on Friday by the US Bureau of Economic Analysis, and with consensus expectations for growth of 2.5%, we believe there is substantial risk of disappointment. Recall that of the reported 2.7% growth in the first quarter, all but 0.9% of it was a result of […]

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Short-term Forecast for July 28, 2010

| July 28, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed moderately lower today, retreating from recent highs of the short-term rally from […]

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