GOLDMAN:The economy is weak and got worse in October - News and Current Events | futures io social day trading
futures io futures trading


GOLDMAN:The economy is weak and got worse in October
Updated: Views / Replies:319 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

GOLDMAN:The economy is weak and got worse in October

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

GOLDMAN:The economy is weak and got worse in October

Goldman's own proprietary Goldman Sachs Analyst Index does not reflect the modest cheer that people are feeling about the economy.
Remember, this past week, Q3 GDP came in at 2.5%, nearly double the pace of the previous quarter. And the stock market has rebounded sharply thanks to a surprise string of stronger-than-expected economic data.
But don't get too excited.
From Goldman's Shuyan Wu
The GSAI fell 0.9 points from 43.3 in September to 42.4 in October. This is the third straight decline since July, and the second straight month that the headline index has registered below the 50 mark (a sub-50 reading implies that more analysts see contraction in their sectors than expansion). Consequently, the 3-month rolling average dipped below 50 to 45.8 for the first time since September 2009. Declines in the headline index contrast with the small improvement in the September ISM manufacturing report (see Exhibit 1) as well as other reports such as the Philadelphia Fed survey and todayís third-quarter GDP release.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Image: Goldman Sachs

The drop in the composite index was due to declines in the sales/shipments index and the materials prices index, which fell to 37.9 and 46.2 points, respectively. While the orders index saw a small improvement from 28.6 in September, it remains at a still-low 33.3. Moreover, a sharp rise in the inventory index led to a further deterioration in the orders vs. inventories gap. As shown in Exhibit 2 below, this gap is now at the most negative level since January 2009, and it looks significantly worse than in the ISM manufacturing index (see Exhibit 2). (As a reminder, we construct the headline GSAI using the following weights: 30% for new orders, 25% for sales/shipments, 20% for employment, 15% for materials prices, and 10% for inventories. These weights parallel the Institute for Supply Managementís pre-2008 practice, substituting our materials prices index for their supplier deliveries index. The GSAI includes service as well as manufacturing industries.)
The good news, of course, for econ junkies, is that we've got another huge week for data ahead, with ISM, construction spending, auto sales, and of course the non-farm payroll report coming up.



Read more: GOLDMAN: Stop Kidding Yourself, The Economy Is Weak And Got Worse In October

Reply With Quote
The following user says Thank You to kbit for this post:

Reply



futures io > > > > GOLDMAN:The economy is weak and got worse in October

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
The U.S. Floods are getting worse GridKing News and Current Events 6 June 24th, 2011 02:44 PM
Goldman Sachs Slashes GDP Forecast as Economy Weakens Quick Summary News and Current Events 0 June 17th, 2011 10:10 PM
Economy Is Making Steady Gains Despite Weak Hiring Quick Summary News and Current Events 7 December 13th, 2010 04:59 PM
GOP, Aided by Weak Economy, May Be Headed for a Big Night Quick Summary News and Current Events 0 November 2nd, 2010 07:50 PM
Friday Look Ahead: Will October Spook Investors? Quick Summary News and Current Events 0 September 30th, 2010 09:14 PM


All times are GMT -4. The time now is 12:20 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-10 in 0.08 seconds with 19 queries on phoenix via your IP 54.90.207.75