Macro Analysis & Slide Decks
Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
No fundamental issues here
Although we continue to believe the equity market is a bit ahead of itself and poised for a potential interruption to the upside, we still cannot find any issues with…
Read MoreStaying focused on “what is”
It is hard to find anything wrong yesterday about a rally that takes the S&P 500 (SPX) and NYSE advance-decline line to a new record high, while the Russell 2000…
Read MoreMini daddy snap
The environment appears to be set up for a “daddy snap.” In my house this refers to when I would come home from a perfectly good day exhausted but happy…
Read MorePardon the interruption…
The S&P 500 (SPX) is up 23% for the year and 3.7% for the current quarter, which we believe discounts a less-negative economic and EPS view as we enter the…
Read MoreNovember Macro Slide Deck- expect minor pullbacks and more upside into year-end
Generational Fed change is significant. We cannot emphasize enough the importance of the generational change in the way the Fed views inflation by fear of lower rather than higher inflation.…
Read MoreISM report was below estimates but showed some improvement
ISM data showed manufacturing was in a contraction for the third month, but it improved from last month.
Read MoreMuch better than anticipated jobs report
The October jobs report provided a big surprise to the upside.
Read MoreInflation data remained tame according to the PCE report
Another dose of consumer spending data was released from the Commerce Department this morning.
Read More
