Markit PMIs drop to new lows
After weaker manufacturing data out of New York and Philly earlier in the week, today the Markit Purchasing Managers Indices (PMIs) disappointed as well, with all three components below…
Read MoreAfter weaker manufacturing data out of New York and Philly earlier in the week, today the Markit Purchasing Managers Indices (PMIs) disappointed as well, with all three components below…
Read MoreSimilar to the much weaker NY manufacturing report on Monday, a report today showed a decline in manufacturing in the Philadelphia region as well. The Philadelphia Federal Reserve reported…
Read MoreThe media is trying to portray today’s Fed decision as something between Chair Jerome Powell and President Donald Trump, but we firmly believe a Fed rate cut was coming…
Read MoreMyth: Over many client conversations in the past month we have noted a healthy amount of skepticism toward the market and found confirmation via a “smart money” measurement. According…
Read MoreThe Federal Reserve Bank of NY reported the Empire State Manufacturing Index turned negative for the first time since October 2016.
Read MoreFollowing a relatively steady week that saw the S&P 500 (SPX) up just 0.05%, the upcoming week features a number of important economic data releases. Due out this week…
Read MoreMyth: Last Friday, the percentage of S&P 500 (SPX) components making a new 52-week high surged from 0% to 22% in less than two weeks, but is was led…
Read MoreThere is no question the economy is slowing dramatically, but contrary to popular market opinion, that has always been the bull case for equities in 2019.
Read MoreFollowing a week that saw all three major indices rise over 4%, ending a lengthy market decline, the upcoming week features a slew of significant economic data releases. Due…
Read MoreFor months we have been calling for weak economic data and tariff-talk pressures to act as catalysts for a Fed rate cut by as early as June. As we…
Read More