December Macro Slide Deck- Raising 2020 SPX Target
We are raising our 2020 S&P 500 (SPX) target from 3,350 to 3,440.
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.
Michigan sentiment was better too
The University of Michigan Consumer Sentiment Survey was released at 10am and the three components of sentiment moved higher and beat expectations for December.
Read MoreBlowout November NFP report
After a better than expected October jobs report, the November data was a blowout.
Read MoreU.S. Service sector growth cooled in November
On the heels of Monday’s weaker than expected ISM Manufacturing report, today the ISM Non-Manufacturing report was below expectations as well.
Read MoreA big miss on the ADP payrolls report
ADP reported that private payrolls at U.S. companies increased by only 67k in November, well below the consensus estimate of 135k and the smallest increase since May.
Read MoreNovember ISM report weaker than expected
ISM data showed manufacturing remained in a contraction for the fourth month with all components coming in below consensus estimates.
Read MoreNo 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 MoreMonday four tactical indicators update
The S&P 500 Index (SPX) tacked on another +0.99% last week, rising 7 out of the last 8 weeks and setting the highest close on a weekly basis (and monthly…
Read MorePCE data continues to show no signs of inflation
Personal Income and Spending data was released this morning and for October, income was unchanged, below the estimate and the September print of 0.3%. Personal Spending was in line with…
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