Demystifying The Confusing Retail Sales Report
The retail sales report mostly beat estimates, but previous readings were revised lower. Yearly growth was strong, but quarterly growth was weak.
Read MoreJan 17, 2020
The retail sales report mostly beat estimates, but previous readings were revised lower. Yearly growth was strong, but quarterly growth was weak.
Read MoreJan 16, 2020
The CPI and PPI reports imply core PCE inflation will increase, while the bond market shows investors don’t see above 2% GDP growth in 2020.
Read MoreJan 15, 2020
Energy prices boosted headline inflation, while shelter inflation dragged down core CPI despite the rise in medical care costs.
Read MoreJan 14, 2020
Stocks are overbought even though estimates call for just 1.8% 2020 GDP growth, plus the consumer will be hurt if real wage growth continues to fall.
Read MoreJan 13, 2020
The December labor report showed a sharp decline in non-supervisory and production wage growth in the past two months which is a troubling economic signal.
Read MoreJan 10, 2020
Stocks have rallied so much that sentiment indicators haven’t worked as contrarian signals for the past few years as consumer comfort hit a 19 year high…
Read MoreJan 9, 2020
The economy might be starting to turnaround according to previous cycle trends, but stocks are still expensive, so don’t expect more multiple expansion.
Read MoreJan 8, 2020
America’s trade deficit has been falling, which has big implications for Q4 GDP growth as it could potentially drive half of growth.
Read MoreJan 7, 2020
The global economy might see a cyclical turnaround in 2H 2020 because of the high net number of global central banks that cut rates in 2019.
Read MoreJan 6, 2020
All manufacturing reports show December was worse than November while the ISM report is signaling the most weakness since the financial crisis.
Read More