MUSING ABOUT A COVID VACCINE AND THE CONVENTION
Perhaps the most imperative question of the day is whether or not a COVID vaccine is at hand. And if so, will it turbo-charge the economic recovery already underway?...
Perhaps the most imperative question of the day is whether or not a COVID vaccine is at hand. And if so, will it turbo-charge the economic recovery already underway?...
July’s overall retail sales disappointed, rising only by 1.2% vs. the consensus estimate of 2.1%, thus suggesting the rebound is stalling. June’s data however was...
Initial jobless claims again surprised on the downside, falling below 1 million for the first time since March 13. For the week ending August 8 initial jobless claims were 963,000 vs. the ...
Both technology stocks and gold advanced yesterday. Treasuries fell nominally in price. Inflationary pressures were greater than expected and some are beginning to...
The massive rally that pushed gold to record heights about $2,000 an ounce came to a violent end yesterday as the metal had its biggest drop in seven years after ...
COVID is a major electoral issue. There is a long-lived axiom of “truth is the first virtue lost in war and politics.” Today it appears that this axiom is on major ...
Non-farm payrolls rose by 1.763 million vs. the consensus view of 1.5 million. Private sector jobs rose by 1.462 million vs. the 1.2 million estimate. Prior month revisions were ...
Today the all-inclusive BLS Employment report is released. The employment data released this week was contradictory. The ADP survey had a large negative miss. Weekly unemployment and ...
The Private Sector ADP Employment Survey greatly surprised on the downside. Analysts had expected private sector jobs to increase by 1.2 million but instead only...
Second quarter GDP declined by a record 32.9%. Analysts had predicted a 35% decline. My thoughts on this nominal positive surprise…big deal. What is the ...