Consumer prices pretty much in line with estimates, again
The month-over month data for the Consumer Price Index (CPI) released this morning from the Bureau of Labor Statistics matched estimates.
Read MoreAugust Macro Slide Deck
Focus remains on year-end ramp driven by EPS. With volatility back to the low, the S&P 500 (SPX) in close proximity to record highs, and choppy grind higher, there is…
Read MoreWholesale inflation cooled in July
The Bureau of Labor Statistics (BLS) reported that the July Producer Price Index (PPI) was up 3.3% year-over-year, a bit below the 3.4% June reading and consensus estimate.
Read MoreInitial Jobless Claims decline in the prior week
Initial Jobless Claims remained near the lowest level in almost 49 years.
Read MoreJob openings increased in June
The monthly JOLTS report (Job Openings and Labor Turnovers Survey) released by the Bureau of Labor Statistics (BLS) this morning shows there continues to be a large number of job…
Read MoreThe Economic Week Ahead, August 6th
Following a busy start to August, this week figures to be a slow week with the two key economic releases giving us a look at inflation at the producer and…
Read MoreISM Non-Manufacturing drop no big deal
Lot of comments among economists about the drop in the ISM Non-Manufacturing Index. There are only two cycles worth of data, but so far, 01/18 was peak for this cycle…
Read More157k Jobs added in July
The Labor Department reported that nonfarm payrolls rose by 157k in July, below the consensus expectations of 193k.
Read MoreTexas heat, with a twist
Highlights Even more money is slated to flow into the credit market from taxpayers Two-year Freddie Mac bonds now yield less than two-year Treasuries by the largest margin ever…
Read MoreStill in tactical no man’s land
The tactical backdrop suggests continued near-term consolidation period, while our positive fundamental core thesis of (1) historically high business and consumer confidence, (2) strong economic growth, and (3) better-than-expected earnings…
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