Stocks end mixed
The major indices traded in and out of positive territory throughout much of the session, but only the S&P 500 Index (SPX) and Nasdaq Comp. managed to close up…
Read MoreFed basically as expected
FOMC's latest Summary of Economic Projections shows rates to remain near zero through 2023
Read MoreInterest expense and excess liquidity- summary
In today’s macro post, Interest expense and excess liquidity update, we discuss how Gross Federal Debt servicing has collapsed with lower rates.
Read MoreBusiness activity expanded at a slightly slower pace
IHS Markit reported that manufacturing activity expanded, but at a slightly slower pace than November.
Read MoreRetail sales worse than expected
Retail sales data came in worse than expected with negative revisions to the October data.
Read MoreInterest expense and excess liquidity update
In our December Macro Slide Deck, we added a new slide that looks at the Government Debt and the cost of servicing it. Since we can remember, Federal Reserve…
Read MoreGoing to be action packed Hump Day
Today is going to be a very interesting macro day. We have a look into Retail Sales in November, a post FOMC meeting Fed press conference, and further relief…
Read MoreAnother record for the Russell
It was a broad-based rally today, with the four major indices gaining over 1%.
Read MoreTuesday take – New Video!
I wanted to discuss the action yesterday and how it serves as an example of a classic consolidation environment...
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