The stock market’s been dropping, but who is selling stocks? Is the stock market so illiquid that just $48.4 billion…
As analysts’ earnings estimates have scaled new heights this year, investors have experienced valuation altitude sickness, which may soon be resolved by…
In recent conversations with our accounts, we have been hearing more concern about the Fed’s second round of quantitative tightening (QT2)…
On June 1, JPMorgan Chase CEO Jamie Dimon said that “fiscal stimulation is still in the pocketbooks of consumers. They are spending…
We are seeing some very odd divergencies between the averages of the regional business surveys conducted by five Federal Reserve Banks and…
On our first day at Yellowstone National Park yesterday, my wife Valerie and I spotted lots of bison, but no bears. I…
Valuation is in the eye of the beholder, but the economic outlook that influences it isn’t as subjective or hard to…
The week ahead is a big one for business surveys and for employment during May: (1) The last of the five regional…
There’s no recession apparent in the May 27 update of the Atlanta Fed’s GDPNow tracking model for Q2. The real…
This is an excerpt from our May 23, 2022 Morning Briefing. Next week, my wife and I will be on vacation visiting…
Last week was the first good one for the stock market in quite a while. The S&P 500 rose 6.…
The front cover story of the May 30 BusinessWeek is titled THE GREAT TECH ROUT (linked below). Might this be the latest…
