Stop looking for what was already found
There is no need to look for something that is hiding in plain sight. While the financial media and macro community try to figure out when the next major recession…
Read MoreEarly Monday Look
Although the majority of the Sunday talk shows were drive by politics, we remain focused on the data:
Read MoreHousehold debt service and financial obligations ratios fall in latest report
The quarterly data from the Federal Reserve Board showed both household debt service and financial obligations ratios declined in the second quarter.
Read MoreConsumer spending slowed in August
Personal income and spending data were released this morning and it showed that despite an increase in incomes, consumers reined in spending in August.
Read MoreThey are giving us the playbook
On the last day of my trip though the UK and Channel Islands, something struck me as I was gearing up for the next talk – the folks printing…
Read MoreGDP growth unrevised at 2.0% in the second quarter
The final print for second quarter Gross Domestic Product (GDP) was released and it showed the economy expanded at a 2.0% pace.
Read MoreInvestors are more bearish or neutral on the market direction than bullish
Bullish individual investor sentiment dropped back below bearish sentiment in the latest poll.
Read MorePresident optimistic about potential China deal
The S&P 500 (SPX) finished up 0.62% today after President Trump stated his optimism about getting a China deal completed. Treasury yields were higher. Crude (CL1) finished down -1.38%…
Read MoreNFCI data suggests financial conditions loosened last week
The Chicago Fed NFCI Index and its sub-indices is made up of 105 credit stress indicators and has risen above zero prior to past recessions.
Read MoreStrong new home sales in August
Lower mortgage rates continued to help the housing market in August.
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