The numbers: The Chicago Fed’s national activity index, which is designed to gauge overall U.S. economic activity, declined to 0.27 in November from a revised 1.01 in the prior month. It is the smallest gain after the sharp decline in May. The index’s three-month moving average, which tries to smooth …
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MARKETWATCH FRONT PAGE You’re taking a bet you may not fully realize See full story. Trump vs. Fauci: The president says, ‘He was wrong’; the doctor responds, ‘Everybody thinks I’m doing more than an outstanding job’ ‘Well, I don’t know that he’s a leaker. He’s a little bit of an …
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MARKETWATCH FRONT PAGE You’re taking a bet you may not fully realize See full story. American Airlines CEO: ‘Let’s go fly, for God’s sake’ Doug Parker says the fly-more strategy is ‘working extremely well’ so far See full story. Defiant Fauci tells InStyle magazine: ‘With all due modesty, I think …
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Did the VIX just flash a contrarian buy signal? I’m referring, of course, to the CBOE’s well-known volatility index. VIX, +2.43% Considered by many to be the U.S. stock market’s “fear index,” the VIX is widely interpreted in a contrarian way: High levels indicate widespread fear, and therefore thought …
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