Hard hitting global and local news
Durable goods orders this morning leapfrogged all economic estimates (see Durable Goods Orders Surprise to Upside, Led by Autos ). Yet the GDPNow Forecast only rose by .01%
Follow this link: Durable Goods Orders Surprise to Upside, Led by Autos
Taken from: Another Wild Ride; Stocks Collapse Into Close; Dip Buyers Hammered; Overhead Supply
Visit site: Lessons in Gravity and Intervention; Do Something!
Regional Manufacturing Expectations From Mars Last month, economists were excited when the Richmond Fed Manufacturing index unexpectedly rose from 6 to 13. The excitement lasted one month.
Bloomberg reports Panic Grips Emerging-Market VIX in Biggest Jump on Record The rout in markets from China to South Africa triggered a record jump in a gauge of options prices on developing-nation stocks as investors purchased contracts to protect against future declines. The benchmark — called the CBOE Emerging Markets ETF Volatility Index — more than tripled as trading began at 9:30 a.m
Please consider the Vox article China’s Latest Stock Market Crash, Explained .
Another Asia-Pacific Equities Bloodbath Posted by Michael Shedlock at 8:57 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
Please consider How US Sugar Policies Just Helped America Lose 600 Jobs .