Fed GDP Nowcasts are probably more useful as a tool to examine the effect that new economic data might have changes in GDP rather than the absolute
Energy charts… WSJ
The Wall Street Journal’s The Daily Shot has some nice energy charts today, here...
Jobs… NY Times
Ben Casselman, NYTimes, puts the jobs report in perspective with a nice chart:
OPEC+ laggards… Bloomberg
Javier Blas and Grant Smith, Bloomberg, discuss the tentative OPEC+ deal, here... Iraq and others have not complied with assigned cutbacks... ”Iraq
Economists!
With all the high frequency data available and sophisticated mathematical models, Wall Street economists could not get the sign right in today’s
Cross-Asset Correlations… CME
This excellent cross correlation tool from the CME shows us what’s been moving together and what has not... Crude oil’s highest correlation outside