While the Fed continues to maintain its focus squarely on slowing inflation and employment, in the meantime it’s the housing... read more →
Lots of bank earnings the past few days. I don’t see many surprises so far in what has been released: M&A... read more →
When positioning is historically bearish you get reversal days like we saw yesterday. Intraday, the S&P 500 moved from a... read more →
Last Friday’s strong payroll report noted a robust and healthy labor market – which is the last thing the market... read more →
This morning’s non-farm payroll report might have noted the weakest gain since April 2021 but there’s not enough damage in... read more →
We talk a lot about breadth because ‘participation’ to the upside is vital for a sustained move higher. We want... read more →
Yesterday’s job openings (JOLTs) data notes a weakening in the labor market. Tighter financial conditions clearly starting to impact labor demand. Job... read more →
One of the commonly quoted measures of a recession is the ISM Manufacturing data going below a reading of 50. >50... read more →
As we have discussed in prior communications, the Fed has been aggressively hiking interest rates in order to slow down... read more →
Another quarter is soon drawing to a close and investors will once again turn their focus to the latest corporate... read more →