08:35 am : S&P futures vs fair value: +7.90. Nasdaq futures vs fair value: +9.80. First quarter GDP declined 6.1%, which is much worse than the 4.7% decline that was widely expected, but up slightly from the 6.3% drop that was experienced in the fourth quarter. Despite rising unemployment, personal consumption swung from a 4.3% decrease in the fourth quarter to a 2.2% increase in the first quarter; economists expected a modest increase of 0.9% for the first quarter. Core personal consumption expenditures climbed 1.5% after increasing 0.9% in the fourth quarter. Core PCE was expected to increase just 1.3%. Stock futures continue to sport a strong lead over fair value.
Thanks for sharing. For the stress test, I guess the key is how much more capital some banks need. 1B is the additon, also 10B is addition too, but the difference is huge.
狗仔卡
发表于 2009-4-28 06:19 PM
