US Data:

Initial Jobless Claims Near Record Lows, Continuing Claims At 2-Year-Highs

Prior week 202K (were estimating 220K)
Initial jobless claims 205K vs 215K estimate
4-week MA jobless claims
Continuing Claims 1.865M vs 1.888M estimate. Prior week 1.876M
4-week MA continuing claims

US Q3 2023 GDP (third reading) +4.9% vs +5.2% expected

The second reading was +5.2.%

GDP revised lower.
The Q2 final reading was +2.1%

Details:
Consumer spending +3.1% vs +3.6% prelim
Consumer spending on durables +6.7% vs -0.3% prior
GDP final sales +3.6% vs +3.7% prelim
GDP deflator +3.3% vs +3.5% prelim
Core PCE +2.0% vs +2.3% prelim
Corporate profits +3.7% vs +4.1% prelim
Business investment +5.2% vs +3.9% prelim
Percentage point changes:
Net trade +0.03 pp vs -0.04 pp prelim
Inventories +1.27 pp vs +1.40 pp prelim
Govt +0.99 pp vs +0.94 pp prelim

$Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$

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Expendabiggles : FED can keep bullshitting the peopke all they like. Im not buying a 100k house for 500k, or 30k truck for a 100k nor a 5 dollar burger for 20 bucks. NOR will I pay high interest for their credit/debt. I’m done, out the game. FED, Govt, IRS, and Banks can go F themselves.

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JonnyBets Expendabiggles : AMEN SIR

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efficentupup

True and timely

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