Pessimism sells newspapers better than optimism. Pessimism also creates buying opportunities for optimists. Investors are no longer as bearish as they were…
June's Treasury International Capital System (TICS) was released on Monday. The TICS data tend to confirm our TINAC thesis, i.…
July was a good month for manufacturing and a bad one for the housing industry. Industrial production, which is one of the…
The charts below show that business activity plunged during August, according to the monthly survey of the Fed's NY district.…
In the coming week, we will likely get more evidence of the US housing recession. However, the economic indicators and business surveys…
The stock market has been rallying since June 16 on mounting expectations that the most widely expected recession of all times might…
We won't keep you in suspense: We think the bear market in the S&P 500 bottomed on June…
Everyone who drives a car or rides in one knows the price of gasoline on a daily basis. The sharp drop in…
Our basic premise about the outlook for the global economy through the end of 2023 is that a recession is more likely…
Go figure: When industry analysts raised their earnings estimates during the first half of the year, investors thought they were delusional. Investors…
There's lots of sunshine in the Atlanta Fed's GDPNow tracking model. Today's estimate shows that real…
July's headline and core CPI inflation rates were lower than expected at 0.0% and 0.3% (table below). The…
