Weak ISM reading confirms “mini-recession” view
Yesterday’s ISM Manufacturing Index saw a large drop to the lowest level of the past 10-years (Figure 1). In our view it represents evidence of what we already know –…
Read More10/01/19 Economic Week Ahead
The upcoming week will feature a number of significant economic data releases. Due out this week are: Markit US PMI Data, ISM Manufacturing, Construction Spending, ADP Employment Change, Factory Orders,…
Read MoreStop looking for what was already found
There is no need to look for something that is hiding in plain sight. While the financial media and macro community try to figure out when the next major recession…
Read MoreConsumer spending slowed in August
Personal income and spending data were released this morning and it showed that despite an increase in incomes, consumers reined in spending in August.
Read MoreGDP growth unrevised at 2.0% in the second quarter
The final print for second quarter Gross Domestic Product (GDP) was released and it showed the economy expanded at a 2.0% pace.
Read MoreStrong new home sales in August
Lower mortgage rates continued to help the housing market in August.
Read MoreImpeachment brain cramp
With impeachment rhetoric against President Trump picking up steam today, it begs the question: What could this potentially mean for the market?
Read MoreConsumer confidence pulled back in September
The Conference Board reported the Consumer Confidence Index fell more than expected.
Read MoreWeaker manufacturing data out of Europe but the U.S. remains resilient
In the wee hours of the morning, data out of Europe showed manufacturing output slowed for the eighth straight month.
Read MoreKeep your eye on the ball
Second rate cut should be considered buy signal, especially outside recession.
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