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It is widely accepted labor costs and Owner’s Equivalent Rent (OER) are the two largest components of inflation. The Federal Reserve has adamantly stated workers will return to ...

Yesterday I rhetorically asked whether reality will return to the bond market with a vengeance. At the time of this writing the 10-year Treasury is yielding 1.37% up from ...

There was little reaction to the nominally higher than expected reading for March’s CPI. Consumer prices climbed the most since 2012. The FRB Chair has emphatically stated such increases are ...

Core consumer prices rose considerably more than expected in August, a rise principally due to a 5.4% surge in used car prices. Such an increase is unusual this early in the...

It is often written the markets are a microcosm of the myopicy of current perspectives. The issue at hand is to recognize the next myopic dominating view. ...

Data posted yesterday was contradictory, perhaps the result of the shutdown. Weekly jobless claims unexpectedly fell to a four week low. Factory orders however declined more than expected. And then there were existing home sales which also missed their mark, the result...

June’s PPI rose by 0.5%, more than the forecasted 0.3% gain and the largest increase since May 2015.  April prices rose by 0.4%.  For the 12 months prices are up 0.3%, the biggest year to year gain since December 2014....