Sunday, January 1, 2017

Charting Last Week (12/27 - 12/30/16)

The North Star GDP Estimate for the third quarter is 1.67% year over year growth. The North Star GDP Forecast for the fourth quarter decreased by 0.01% percentage points 1.64% year over year growth. The GDP Forecast page on the tab above is updated periodically during the week.


Stock prices were down for the week while Bond prices were up. The Fed Funds futures are implying a 67.8% chance of another rate hike by June 2017 down from a 71.6% chance last week according CME Group's FedWatch tool. The charts below show the normal trading ranges for various indices for the last six months. The red (or green) area indicates 2-3 standard deviations above (or below) the normal 21 day trading range. The gray area indicates 1-2 standard deviations above (or below) the normal 21 day trading range.
The Leading Indicator for International Developed Markets (EFA) was unchanged at 1.01%. The Leading Indicator for International Emerging Markets (EEM) decreased to 4.67%. On the chart below, you can click on the blue and red buttons to see the Leading Indicator growth rate and an ETF for each country.    
All information, data and analysis provided by this website is for informational purposes only and is not a recommendation to buy or sell any security. Click here for more details.

These charts have limitations. Economic data is often revised after the fact. The market is forward looking and anticipates future events. The unexpected can and will happen. The market is continually changing. The conditions of the past are different from the present. Past performance is not an indication of future performance.