Quote:“This is new. Investors have shifted their trading behavior from a BTD “Buy the dip” market to STR “Sell the Rally” market. This is a new change in tone and sentiment. This is something that I have not said often,” he writes. The Goldman pro, who has studied flow data for two decades, also frets that already jittery markets are about to face vacation headwinds.'This is no longer a buy-the-dip market.' Why this Goldman Sachs veteran is worried about the stock market.
Quote:China has stopped releasing youth unemployment figures, which were seen by some as a key indication of the country's slowdown. The decision is due to changes in the world's second largest economy and its society, a government spokesman said. In June, China's jobless rate for 16 to 24 year olds in urban areas hit a record high of more than 20%. The country's central bank also cut the cost of borrowing on Tuesday in an attempt to help boost growth. Official figures published on Tuesday showed China's overall unemployment rate had risen to 5.3% in July.China halts youth jobless data as economy falters
Quote:The Federal Reserve Bank of Atlanta’s running estimate of US economic growth is on the rise. The regional Fed branch’s real-time model for gross domestic product (GDP) moved up its third-quarter GDP prediction from 4% to nearly 6% in a matter of weeks. The latest increase in the outlook came from a surge in new construction projects for single-family homes in July.Why the Atlanta Fed sees near 6% US GDP growth for Q3