Retail sales jumped the most since September 2017 and first time filings for unemployment benefits dropped to a fresh 49 year low, as a strong labor market gives consumers the wherewithal to keep spending. When first quarter GDP is released on April 26, analysts...
Five weeks ago the recessionary narrative was at the point of being hyperbolic. A major issue at hand was the data at that time did not fully support this theme. Five weeks later little attention has been focused upon concrete data that is...
Equities were again mixed as a group of high profile earnings offered disparate clues on the strength of the economy. Treasuries continued to slump with rates falling to levels last seen before the Fed’s dovish tilt a month ago. Oil advanced about ...
Markets were relatively quiet as two mega sized financials posted disappointing results. Many are beginning to write the current advance is “looking tired.” Will earnings rejuvenate the averages? Several high profile companies report this week including ...
Earnings season commenced on a positive note as two mega sized financials posted positive surprises. Crude continued to advance and there was a major merger in this sector at a price 39% higher than previous day closing thus suggesting ...
Markets were mixed ahead of the commencement of first quarter earnings season and data that confirms the economy is on solid footing. Commenting about the data, weekly jobless claims are at the lowest level since ...
Some believe the “illusion” of liquidity could be shattered in the intermediate future as more on Wall Street are adopting the view that technology based trading will be the bane of the markets, a view that I have expressed many times. Bloomberg writes “algorithmic trading strategies...
Several times I have opined the greatest risk to the markets is greater growth than anticipated that challenges monetary policy expectations. As widely accepted a major reason for the December rout was growth and the December 21 FOMC statement that Treasury sales were ...
Earnings season commences Friday. Depending upon the source, first quarter profits are expected to decline anywhere between 4.8% and 9%. JP Morgan writes the majority of the declines will be focused in the ...
March’s unemployment data is released at 8:30. In my view the data can confirm or deny the recessionary narrative. As widely discussed February’s statistics were extremely confusing as growth in private sector and non-farm payrolls greatly disappointed while other components of the report...