This looks to be a doozy
As I write this, the S&P 500 (SPX) Futures are down over 2%. The fear of the spreading Covid-19 and the resulting economic and corporate impact is accelerating by the…
Read MoreMacro & Economic
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.
Thursday credit indicators update
It has been a week of big swings in stocks with falling treasury yields.
Read MoreEconomic: Final Q4 U.S. productivity revised lower
The Bureau of Labor Statistics (BLS) reported this morning that fourth quarter productivity was below the initial estimates but still rebounded from Q3’s negative reading.
Read MoreEconomic: U.S. Services activity improved in February
The Institute for Supply Management (ISM) reported softer manufacturing data on Monday, but that was not the case for the services sector.
Read MorePost whoosh pop and drop-part 2
Yesterday’s 5.09% ramp in the Dow Jones Industrial Average (DJIA) was the largest one-day gain since the end of the Global Financial Crisis.
Read MoreEconomic: Softer manufacturing data
Not surprisingly, the monthly report from the Institute for Supply Management (ISM) showed manufacturing slowed in February as the effects from coronavirus began to take hold.
Read MorePerspective and post whoosh plan midday Sunday
The futures are likely to be down a bunch after the Chinese PMIs Friday and new cases of Covid-19 have been identified globally. My view remains the same as…
Read MoreEconomic: Inflation pressures below estimates
While the drop in equities has investors focused on every tick in the S&P 500 Index, seems like not much attention is being paid to the economic data, but we…
Read MoreTime for the pop
There is significant evidence mounting there is likely to be a sharp oversold rally. We note:
Read MoreThursday credit indicators update
Despite the dramatic decline in equities over the last week, our check of credit conditions shows that the current level of fear caused by Covid-19 has not led yet to…
Read More
