Everyone hold your breath: The next BIG inflation number will be July's CPI (Thu). It could be troublesome for bonds…
Wow! This morning's Q2 Productivity and Costs report was surprisingly good, but a bit hard to believe. Nonfarm productivity jumped…
The good news is that almost everyone agrees that an imminent recession isn't very likely. That reduces the downside concerns…
In yesterday's QT, we noted that the 10-year Treasury bond yield was back just over 4.00% and that this…
We’re raising the subjective odds we assign to the no-landing economic scenario through year-end 2024 (by 10% to 85%) and lowering…
Today's batch of economic indicators was relatively upbeat. June's JOLTS report showed that jobs remained plentiful. July'…
July was hotter than usual. We aren't referring to the weather but rather to the 3.1% increase in the…
The M-PMI is released on the first business day of each month. The NM-PMI is released two days later. We expect that…
The S&P 500 closed at the bull market's high of 4582.22 on Friday. Chart technicians continue to…
The bull market's winning streak ended today. The Dow closed higher for 13 straight sessions through Wednesday, its longest series…
When the banking crisis occurred during March, we concluded that the Fed's emergency liquidity response would contain the problem. We…
The urban office real estate niche of the commercial real estate market is increasingly distressed owing to the work-from-home trend escalated by…
