Dear Reader,Non-farm payrolls in March in the USA were weak. I expect a very weak GDP reading for the first quarter of 2015. Overall, I forecast US GDP to grow no more than 2.5% year on year in 2015. Actually, I think the growth year on year of US GDP for 2015 will be closer to 2.0% than to 2.5%.That […]
MomentumOptionsTrading.com Midday Update for 8/1/2014Bears Breaking Bad12:20 p.m. (EST)Futures were volatile throughout the night and were higher ahead of the overseas market opening, but got progressively worse ahead of Wall Street’s open. Dow futures were down over triple-digits at one point, but made a dramatic turnaround following a weaker-than-expected Non-farm Payrolls number.The drop to 209,000 jobs added came in worse-than-expected, […]
