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Good morning! U.S. stock futures for Tuesday, Nov. 25, forecasted a 41-point increase from yesterday's close. The Dow and the S&P 500 again hit new records on a fresh round of mergers and acquisitions and news that central banks around the world are prepared to introduce new stimulus measures.
Today, the markets will pay attention to a surprise second reading of third-quarter GDP and September readings for the FHFA house price index and Case-Shiller home price index. The morning, third-quarter GDP was revised upward to 3.9%, far stronger than analysts predicted. Consensus expectations for the GDP report call for a small downward revision to the first report of 3.5% growth.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.