A November to remember
Stock investors gained little conviction from this morning’s dose of economic data, and the S&P 500 Index (SPX) spent most of the morning flipping between positive and negative territory.…
Read MoreIn remembrance of “transitory”
Today marks the two-year anniversary of the day Jerome Powell put to rest the term “transitory” when describing inflation.
Read MoreHeadline PCE a little softer than expected, while the core in line
The October Personal Consumption Expenditures (PCE) report showed further signs that inflation is cooling.
Read MoreEarly Thursday look
S&P equity futures are trading above prior close. Asian markets mostly higher overnight, finishing a strong month for the region (though HK lagged). European markets also higher. Treasuries mixed…
Read More4 key tactical indicator closing levels
Here are the closing levels for our four tactical indicators over the past five days:
Read MoreWednesday wrap
In yesterday’s closing commentary, we noted how narrow the trading range has recently been for the S&P 500 Index (SPX).
Read MoreBeige Book summary
The Fed's November Beige Book reports economic activity slowing in many districts.
Read MoreThe Goldilocks of GDP reports?
The final report for third-quarter Gross Domestic Product (GDP) painted a dovish picture— stronger GDP, with lower consumption and core prices.
Read More