Small business confidence declined for the third month
The National Federation of Independent Businesses (NFIB) released their small business optimism index this morning and it showed business were less optimistic in November.
Read MoreThe National Federation of Independent Businesses (NFIB) released their small business optimism index this morning and it showed business were less optimistic in November.
Read MoreHave you ever been on a commercial flight where the plane is about to land, but the pilot puts in full power and takes off again? In aviation it is…
Read MoreThere is no question the news backdrop is going to remain volatile with extreme headline risk. There continues to be White House drama with staff changes and Mueller probe risk,…
Read MoreHighlights The most recent stock market bounce proved fleeting as this correction remains on track to be a 3-4 month event Part of the Treasury curve inverted in response…
Read MoreClearly, the market remains in the bottoming process following Tuesday’s 3% drop on the back of skepticism of the G20 Trump/Xi meeting, Brexit uncertainty, a near inversion of the yield…
Read MoreHighlights Stocks bounced last week as this correction remains on track to be a three- to four-month event The pickup in stock market volume during last week’s bounce is…
Read MoreToday’s November Institute for Supply Management (ISM) Manufacturing Index surprised to the upside by rising from 57.7 to 59.3 vs. the prior month (Figure 1). According to Bloomberg, consensus expectations…
Read MoreThe two main drivers of the correction that began September 21 in an environment ripe for volatility were 1) the September 19 threat by President Trump to increase tariffs on…
Read MoreThis week features a slew of major economic data releases as we head towards the December FOMC meeting. We maintain our stance that softer economic data will be reacted to…
Read MoreThe monthly data on Personal Consumption Expenditures (PCE) for October, rose 2.0% y/y, matching the 2.0% in September.
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