Michigan sentiment remained healthy in October
The final print for the October Michigan Sentiment had a slightly lower revision but still showed a nice rebound off the August low.
Read MoreVery brief EPS season update
As we entered 2019, our bullish thesis was largely based on an economic slowdown that would cause the Fed to shift gears toward a much more accommodative monetary policy as…
Read MoreIHS Markit PMIs rose in October
IHS Markit reported preliminary data for the U.S. that showed manufacturing is still holding up better than expected.
Read MoreExisting-home sales declined in September
A lack of supply and rising home prices crimped sales of previously owned homes.
Read MoreYield curve mythbuster — part 2
Last week saw both the equity and fixed income markets stay in a narrow trading range, which was a very welcome sign of stability given the potential dislocating news backdrop…
Read MoreDespite the Fed’s efforts, inflation was flat in September
Headline consumer prices were unchanged in September on a month-over-month basis, missing the consensus estimate and August reading of 0.1%.
Read More10/8/19 Economic Week Ahead
Today PPI and NFIB Small Business Optimism released and there a number of significant data points still to come. Tomorrow the FOMC Meeting Minutes from their September meeting will be…
Read MoreOctober Macro Slide Deck – Tinderbox meets fire extinguisher
The offset to the potential tinderbox is a powerful fire extinguisher. How could we possibly have a positive core thesis with a tinderbox full of drama, including a possible Presidential…
Read MoreSmall business confidence declined for the second month
The National Federation of Independent Businesses (NFIB) reported small business confidence fell to the lowest level since March.
Read More