• All
  • Capitol Securities News
  • Equity Research
  • Independent Office
  • Locations
  • Market Commentary

Equities rose on light volume as all focused upon the Fed’s surprise decision. I will continue to argue that unless external risks rise, the central bank will be forced to change its stance in the immediate future. I ask what happens if China’s economy turns...

February’s jobs data was surprise. Payrolls rose by the smallest amount in more than a year but prior months were revised higher. Wages rose more than expected rising by the greatest pace in over a decade and the labor participation rate remained unchanged....

Many times I have discussed the labor participation rate (LPR). The LPR is quickly rising in stature as the unemployment rate indicates an economy close to full employment. I have often remarked a major reason for today’s low unemployment rate is result of the large...

Fortune Magazine commented in late January “Bond yields [are] historically low and inflation seemed negligible: Wages [are] going nowhere, companies dare not raise prices to avoid losing market share. Bond market vigilantes have been pounded into submission.” ...

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...

Wow!  The December jobs report was extremely strong in every dimension suggesting that the economy is on solid footing.  The correlates to an economy expanding with a “four handle” thus should alleviate concerns the economy is on the verge of a recession.  As noted last...

Treasuries traded lower on December’s employment data, the result of the 2.9% increase in average hourly earnings over the last 12 months.  This is the greatest jump since the recession ended in June 2009.  It is believed job and wage prospects will increase even more...