Weekly Economic Report
This week, the estimate for second quarter GDP growth showed the depth of the recession, with a -32.9% annualized plunge adding to the -5% drop in the first quarter. However, it was a plethora of data from quarterly earnings reports; to monthly data on income, spending, durable goods and purchasing managers behavior; to weekly data on mortgage applications and continuing claims; and high ... read more »
Weekly Economic Report
Another week of negotiating has generated little progress on the new stimulus bill – and raised the negative possibility that an extension of the lapsing unemployment benefits could be negotiated separately. Significant differences between the Republicans were worked out early in the week, with the payroll tax being pushed aside, and their focus moved to a less remunerative unemployment ... read more »
Weekly Economic Report
This week, with the release of the Chinese GDP and associated monthly sector statistics -- at the same time as US retail sales and industrial production for June -- we come back to the familiar topic of comparing and contrasting the two diametrically opposed economic systems and, in particular, why COVID presents so much greater a challenge for the US. read more »
Top 50 Brokers of 2013
McVean Trading & Investments was a part of Futures magazine's annual Top 50 Brokers list. read more »
For markets and his city, commodities trader Charles McVean looks ahead
Charles McVean is featured in the Commercial Appeal. read more »