JANUARY’S JOBS DATA SURPRISED ON THE UPSIDE
January’s jobs data vastly exceeded estimates as non-farm payrolls rose by 467,000—a three month high—while average hourly earnings also ...
January’s jobs data vastly exceeded estimates as non-farm payrolls rose by 467,000—a three month high—while average hourly earnings also ...
Trading was relatively quiet yesterday given that it was Veterans Day. Even though the Treasury market was closed, the narrative is ...
The Beige Book or the statistical compilation utilized at the upcoming Fed meeting characterized the economy as expanding at a...
It was a relatively quiet day as prospects for a stimulus deal remained elusive while COVID cases increases. The NASDAQ closed nominally higher and the Dow nominally lower. Treasuries were ...
In my view the FOMC meeting was largely a nonevent. The Fed left interest rates near zero and signaled it would leave them there through at least 2023. The Committee stated ...
Gold is at the highest level in almost 8 years. Oil is almost $41 barrel. The yield curve is the steepest in over five years. Many, me included, believe a reason for the above is the result of the exponential increase in...
The flaws and fragility of France’s and more broadly Europe’s over reliance on global supply chains, from the car industry to smart phones and pharmaceuticals has been exposed. We must question this interdependence and the
...Yesterday I commented about the politicization of re-opening. Several days ago, I referenced a story on Bloomberg that indicated 82% of small businesses wish to reopen. Conversely 90%...
Equities led by oil and travel surged the most in about six weeks after promising early results for an experimental vaccine. Commenting about crude, China announced that its...
As widely expected April’s economic data is horrific. Retail sales and factory output registered the steepest declines on record. Retail sales fell 16.4% and industrial production plunged ...