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First quarter GDP is released at 8:30. Consensus is expecting a first quarter growth rate of 2.3% albeit the range of estimates is wide with some suggesting a 1.5% growth rate while others a 3.1% pace. In early March consensus was predicating ...

It appears the economic landscape is chaotic. The dramatic shift of the Federal Reserve, trade, the use of algorithms, all drive the uncertainty in the markets and geopolitics. There are huge changes in narratives that ...

Treasury prices have been surging. Yields are now around 90 basis points (0.90%) lower than they were about three months ago. In other words, yields have dropped over 33% with the large minority of this decline occurring since the March Fed meeting, the meeting...

Equities were mixed yesterday as the NASDAQ led by the technologies advanced and the Dow fell. Equity volume was muted. Treasury yields were relatively lower and oil rose after Saudi Arabia announced even deeper cuts and Venezuela is...

Led by financial and healthcare, equity markets declined the most in a month. Throughout the day many were asking what the possible catalyst is for the decline given positive movement on trade. Some speculated it was the inability of the S & P...

Initial data indicate retail sales fell by 1.2% in December from the previous month, the most since 2009. Most had expected an increase. What is even more confusing there was a pullback in a measure based largely on internet sales, which had been...

Some can make the argument the markets believe Trump will deliver on his economic agenda given the sharp increase in Treasury yields and the advance in the beaten down and unowned value and small cap stocks, entities that do best in a growing economy....

Oil surged over 9% as OPEC cut production for the first time in eight years, a production cut in some estimates that was greater than anticipated.  Oil gained further momentum as inventories declined for the second consecutive week versus rising.  East coast inventories are at...

Several times I have commented the first quarter will be the inverse from the first quarter of the last five years, defined as growth will be stronger than expected. As all recall growth stalled in the first quarters’ of 2011-2015....