The Industrial sector is currently up 11.31% in January, outperforming the ten other S&P sectors for the month. This is the best monthly performance of the sector since October 2011.…
Read MoreHighlights The credit market is wide open again, and has been since the Fed reversed course at the start of January It is as if equity investors were not listening…
Read MoreAfter being delayed for weeks, data on new home sales was finally released this morning.
Read MoreWas the December FOMC press conference a rookie mistake, or did the economic backdrop change that much over the past six weeks? Probably a bit of both. The carefully worded…
Read MoreIn yesterday's Day Ahead we noted that we expected a more measured press conference from Fed Chair Powell and that is what we received Wednesday, which is good news for…
Read MoreThere are a couple of key events we are looking at today. The ADP employment report at 8:15am could offer a guide to the all-important Payroll Employment report on…
Read MoreRemember the last FOMC meeting and press conference? Yes, it was just over a month ago that Fed Chair Powell had a disastrous press conference that caused the swoon…
Read MoreWhile Monday and Tuesday will not feature any major economic data releases, this week will close with a slew of significant data as well as many key earnings reports.…
Read MoreAs you all know, we have done detailed analysis around the non-recession post crash environments of 1987, 1998, and 2011. The average S&P 500 (SPX) reflex rally off the low…
Read MoreHighlights The already-record pace of bank buying of US government bonds has intensified even further This surge has likely been a major factor in the Fed’s reversal this month…
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