CPI AGAIN EXCEEDED ESTIMATES…INCREASE VIEWED AS “TRANSITORY”
Prices paid by consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more ...
11 June, 2021
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ANOTHER RECORD FOR JOLT
Yesterday’s data continued to suggest an economy is in the nascent stages of inflationary growth. Further statistics from the NFIB (National Federation of Independent Business) stated 40% of owners indicated they are rising selling prices in ...
09 June, 2021
A PROPOSED GLOBAL MINUMUM TAX AND HIGHER INTEREST A “PLUS” FOR THE ECONOMY AS PER THE ADMINISTRATION
Will a 15% global minimum tax be instituted? The Biden Administration initially proposed a 21% levy but dropped it to 15% to ensure G-7 endorsement. According to Bloomberg, the ...
08 June, 2021
MAY’S JOBS DATA AGAIN INDICATED SUPPLY CONSTRAINTS
The growth in May’s nonfarm and private sector payrolls was again disappointing, the result of supply constraints. Revisions in April data was insignificant hence supporting the ...
07 June, 2021
A QUIET DAY AND BLACKROCK’S INFLATION COMMENTS
Markets were quiet as the tussle between economic optimism and inflation concern continued to play out. Energy led the market as crude is at the highest level since ...
03 June, 2021
A TYPICAL POST MEMORIAL DAY TRADING SESSION
The S & P 500 fluctuated and the NASDAQ little changed after manufacturing data topped estimates. The statistics also demonstrated manufacturers are struggling because of supply shortages and ...
02 June, 2021
WELCOME TO JUNE
Welcome to June. It is widely accepted interest rates are the primary determinate of asset valuations. Treasury yields fell in May and the high growth tech names declined the most since ...
01 June, 2021
THE 2022 BUDGET AND IF PASSED IN ITS ENTIRITY AN INCREASE IN CAPITAL GAINS TAX WILL BE RETROACTIVE
The President released his budget yesterday. The Administration is proposing a $6 trillion budget for fiscal 2022 and total spending to rise to $8.2 trillion by 2031....
28 May, 2021
INFLATIONARY EXPECTATIONS AND BITCOIN
As noted many times inflation is a two-part phenomenon…too much money chasing to few goods fearing higher prices tomorrow. It is monetary and ...
26 May, 2021
CHANGE IS THE ONLY CERTAINTY
Change is the only certainty. BlackRock stated yesterday that its “monster” $16 billion momentum factor fund will see “an astounding” 68% of its portfolio change in order to ...
25 May, 2021