Fed Chair Jerome Powell will testify on the Fed's semiannual monetary policy report to two congressional committees on Tuesday and…
Today's NM-PMI for February was happier than the month's M-PMI released on Wednesday. On balance, they confirm that…
Bond and stock prices opened weak this morning on good news from the labor market. Good news is bad news because the…
"Greed is good" is a catchphrase based on Gordon Gekko's quote "greed, for lack of a better…
The S&P 500 was up 3.4% ytd through the last day of February (chart). All of the 11 S&…
The stock market beat a hasty retreat in February, spooked by reports of January’s economic strength and the Fed’s dreaded…
Inflation-adjusted capital spending rose 4% y/y during Q4. That was a solid increase. However, it may be starting to slow. The…
The Fed would like to see fewer job openings to help moderate wage inflation. The time series is reported in the JOLTS…
As a result of the pandemic, the demand for single-family homes soared, and so did their prices. Rising mortgage rates last year…
The economic indicators this week are likely to confirm that the economy is experiencing a rolling recession. Single-family housing is still in…
We think we coined “rolling recession” back in the mid-1980s to describe the economic slowdown that many feared would turn into an…
The S&P 500 was up 16.9% from last year’s low of 3577.03 on October 12, 2022 through…
