April CPI ticks higher, but below estimates
The Consumer Price Index data (CPI) released this morning showed that consumer prices rose less than expected.
Read MoreMacro 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 reason to change our game plan
We will keep this short and to the point. In our note “The cause for pause,” we highlighted the likelihood of a limited and temporary 3-5% pullback in the…
Read MoreWholesale inflation missed by a hair
The Bureau of Labor Statistics (BLS) reported that the producer prices cooled a bit on a month-over-month basis.
Read MoreJOLTS survey confirms economy is in fine shape
The Bureau of Labor Statistics (BLS) reported the number of positions waiting to be filled rose by 346k in March, the largest net increase in a year.
Read MoreMay Macro Slide Deck
Initiating 2020 SPX Target of 3,350. Throughout this cycle, the market has been driven by the perception of Fed policy, availability of credit, EPS growth, and what investors are…
Read MoreU.S. Service sector growth cooled in April
While the employment report was the focus of attention, at 10am we also got the ISM services report.
Read MoreAnother solid payroll report
Although we believe the markets are in the midst of a period of digestion following the 16% S&P 500 year-to-date gain, the April Payroll report reinforced our positive…
Read MoreAmerican workers are getting more productive
The first quarter of 2019 saw a nice increase in the efficiency of workers. The Bureau of Labor Statistics (BLS) reported productivity jumped to a 3.6% annualized rate,…
Read MoreManufacturing pumps the brakes in April
The Institute for Supply Management (ISM) reported manufacturing slowed in April to the slowest pace in 30 months
Read MorePayrolls surged in April according to ADP
After weaker payroll reports from ADP in February and March, April saw a surge in jobs being added.
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