As of yesterday, from EIA via FRED:
Gasoline and Diesel Price Update, and Brent
5 Replies
On the Eve of Escalation
New strikes on Iran tonight, from WSJ:
Continue reading
Gallup on the Eve of the Election
Decline in Gallup’s October reading.
Naval Deployment as of 11/2/2026
From USNI:
Prediction Markets on the Congressional Balance of Power Odds: Democrats Sweep, 3 to 1
5:30pm CT:
Nasdaq Correction
As of today’s close, Nasdaq down 10%, S&P500 4%, from prior peak.
Recession in France?
A statement by the French Business Cycle Dating Committee (CDCEF) of the French Economic Association (AFSE) on 10/29/2026 (original communique in French), by way of Laurent Ferrara (Chair), and secretariatafse@gmail.com.
Friday AI Fallout
Nasdaq, SP500, Bloomberg Magnificent 7 index, over the last week.
Business Cycle Indicators: GDP, Personal Income, Mfg & Trade Sales, Consumption
GDP is up as Jim discussed. Consumption flat, personal income ex-transfers down. Nominal consumption and income both below consensus by 0.1% m/m.
U.S. GDP grows more in Q3
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 3.4% annual rate in the third quarter. That is a little above the historical average growth of 3.1% and better than the numbers we’d been seeing over the last three quarters.
Continue reading