More Growth from Manufacturing and Housing Sectors, Debt-to-GDP Ratio Hits New Record, and Effects of Climbing Interest Rates
Manufacturing growth has accelerated in both New York and Philadelphia in yet another sign of strength from the sector. The housing sector also remains strong and saw residential construction...
VIDEO: BCM’s 4Q20 Quarterly Market Update Call with the PM
It was a year of firsts and unprecedented events, but—at a high level—2020 was almost the perfect continuation of the trends established in the decade that preceded it. Still, important differences...
BCM 4Q20 Market Commentary: Looking Back to Move Forward—Seeking Higher Ground in an Imperfect World
Much will be written about the challenges, difficulties, pain and suffering endured by humanity in 2020. We would like to focus on some of the good that came out of last year’s strife: Our Democracy...
Latest on Inflation
- A Closer Look at PPI, Fresh Records Moving into Earnings Season, and China Huarong’s Bond Rout Deepens
- Jobs Come Roaring Back, ISM Services PMI Hits New Record, and the Spike in the Global Money Supply
- Trade Deficit Now Largest on Record, Putting Inflation in Context, and Equities’ Historic 12-Month Run
Retail Sales Growth Hits 10-Month High, the Market Grows More Expensive, and Treasury Yields Slide
U.S. retail sales growth soared past expectations in March, climbing to 9.8% MoM—and a record 27.7% YoY—after a temporary dip during February’s deep freeze. Business IT spending as also...
A Closer Look at PPI, Fresh Records Moving Into Earnings Season, and China Huarong’s Bond Rout Deepens
The U.S. saw a substantially higher PPI reading than expected for March—when the index saw its second highest year-over-year gain on record—driven largely by chemical and lumbar prices. Though this...
Accelerating Economic Growth, Tech Narrows Underperformance, and Is a Trend Reversal Approaching?
March PPI numbers topped forecasts with a year-over-year reading of 4.2%—the largest annual rise since September 2011. Fed Chairman Powell acknowledged that outlook has “brightened substantially”...