Sentiment + Fed = upside
The S&P 500 (SPX) is just a few percent below an all-time high, yet it has felt like we are drowning in the negative news backdrop and geopolitical drama.…
Read More09/03/19 Economic Week Ahead
With new tariffs in place from both China and the United States the S&P 500 (SPX) is down -0.75% in today's trading. Part of the decline had to do…
Read MoreISM Index slips into contraction territory
Slowing global growth is taking a toll on U.S. manufacturing activity.
Read MoreConsumer spending jumped despite lower income growth
Personal Income and Spending data was released this morning and it showed income rose a modest 0.1% in July, down from a revised 0.5% in June (Figure 1).
Read MoreQ2 GDP revised lower but matched estimates
The second revision to second quarter Gross Domestic Product (GDP) was released by the Commerce Department this morning and showed the economy expanded at a 2.0% pace.
Read MoreGame-changing event from former Vice-Chair of FOMC Bill Dudley
In a Bloomberg op-ed, Bill Dudley, a former President of the New York Fed, openly states that “Trump’s reelection arguably presents a threat to the U.S. and global economy, to…
Read MoreThe countdown has begun – but expect upside first
After a long wait, the 2-10-year U.S. Treasury Yield Curve finally inverted, which means our countdown clock has started for a recession and “the” cycle peak in the S&P…
Read MoreAnother strong consumer confidence #
The Conference Board reported the Consumer Confidence Index declined slightly in August but was well ahead of estimates.
Read More08/26/19 Economic Week Ahead
After the fourth consecutive weekly drop on the S&P 500 (SPX) the upcoming week will feature a number of significant economic data releases. Due out this week are: Chicago…
Read MoreTime to react
Sometimes it is better to react to market conditions rather than try to anticipate the next move. We believe the market has been in tactical no-man’s land following the…
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