Lots of attention this morning to CPI inflation headlines. Energy running hot on low inventory levels, used cars continue to drift lower in price, shelter costs a mixed bag. IGNORE ALL... read more →
It’s this week’s inflation data that is probably the headline to focus on, if one is into focusing on headlines. The bond market is currently saying the chances of a... read more →
Back-to-school day in Boston, opening night for the NFL, and three charts for your Thursday morning!!! LET’S GO!!! Chart#1 - Temporary job growth rolling over: A deeper dive into last... read more →
Fed chair Powell performed roughly “as expected” at Jackson Hole on Friday. Lots of progress to date against inflation. Inflation is going down, but it remains elevated. The path forward... read more →
Fed chair Powell speaks Friday at 10am from Jackson Hole. It’s an important speech with very important implications for markets. I expect Powell to be his normal hawkish self with... read more →
At the time of writing, the S&P 500 index is in the midst of a nearly 5% pullback from its recent peak on 7/31. Corrections of this sort have been... read more →
As Rich wrote on Wednesday, this is historically a weak period for equity markets through the end of October, and right on cue the markets are correcting. Of course, this... read more →
One question I am getting a lot now goes like this: “With the market having had such a strong YTD so far, is it over? Time to sell, time to... read more →
The US economy continues to hang in there just fine but inflationary data on many fronts continues to fall and the bond market is pricing in just a 10% probability... read more →
Fresh data released this morning points to continued progress on the inflation front. According to the Bureau of Labor Statistics (BLS), both the overall Consumer Price Index (CPI) and its... read more →