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Fed's Beige Book: "Economic activity increased slightly to moderately"

Calculated Risk

Manufacturing decreased slightly on net, and a number of Districts said manufacturers were stockpiling inventories in anticipation of higher tariffs. The nonfinancial services sector grew slightly overall, with Districts highlighting growth in leisure and hospitality and transportation, notably air travel.

Economics 162
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Schedule for Week of June 18, 2023

Calculated Risk

Any number above 50 indicates that more builders view sales conditions as good than poor. -- Tuesday, June 20th -- 8:30 AM ET: Housing Starts for May. Senate Committee on Banking, Housing, and Urban Affairs 11:00 AM: the Kansas City Fed manufacturing survey for June. -- Friday, June 23rd -- No major economic releases scheduled.

Sales 130
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Why did Reliance stock fall by 50%?

Trade Brains

Bonus issues raise the total number of a company’s outstanding shares, making each share less valuable on paper while increasing market liquidity. The company demerged Jio Financial Services Ltd in July 2023, further demonstrating its focus on reshaping its business structure.

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Market Commentary: Another October Low Forming?

Carson Wealth

After adjusting for inflation, retail and food service sales were up 5.7%. The consumption numbers quoted above came amidst surging student loan payments. Even the manufacturing sector, within industrial production, is trending upward. in the third quarter. Compare that to the 2018-2019 pace of 1.7%

Marketing 143
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Market Commentary: Risks Increase, But Don’t Overreact to the Turbulence

Carson Wealth

Thursday’s set of economic data saw initial jobless claims rise to their highest level in a year, alongside a weak manufacturing ISM number. Missed in this news flow was a stronger-than-expected productivity number reported Thursday, something we’ve been expecting all year. Stocks fell and bonds rallied as yields fell.

Marketing 141
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Market Commentary: Good Riddance February, Hello March

Carson Wealth

If a consumer or business buys something thats manufactured abroad (like a TV), it doesnt add to US gross domestic product. So, imports are just subtracting all the goods and services households and businesses buy from abroad, since it doesnt add to domestic economic activity. These numbers are well ahead of the pace of inflation.

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Market Commentary: Stocks Hit New Highs Amid a Year of Milestones

Carson Wealth

The economy created 227,000 jobs in November, close to expectations, which somewhat made up for the low 36,000 number in October (revised up from 12,000). year-over-year pace, spurred by building construction (residential, but also non-residential like manufacturing facilities) and even home improvements.