Satiating Consumer Spending, Housing and Rent Inflation, and the “Magnificent 8”
Consumer spending, the pandemic and inflation. What will consumers do? The US dollar rally may help curb imported inflation of goods, but our own housing and rent inflation will overwhelm this beneficial ...
Surging Inflation, Early Signs of Stabilization in China, and Growing Evidence of a Market Top
Perhaps we’ve rediscovered why there is a worker shortage. Inflation, stagflation, and more inflation. This does not look “transitory” and the rates of inflation may shock you. What can cash inflows...
VIDEO: Investment Committee “Minutes in a Minute” – September 2021
Amid expiring unemployment benefits, higher than expected retail activity, and lower than expected inflation, the main topic of conversation during our latest Investment Committee meeting was the economy...
Inflation Shoots to Multi-Decade Highs, Market Froth Accumulates, and Checking In on China’s Debt Crisis
The various gauges of inflation are confirming what we already see at the pump, at stores and online—prices are going up and there is little sign they will abate anytime soon. Producer inflation is...
A Busy Fed, a 20+ Year Record for the S&P 500, and Bracing for Further Supply Chain Pressures
November will be a big month for Federal Reserve developments, with more actionable talk of rate hikes and plans to start tapering asset purchases before the end of the month. With a balance sheet...
Services PMI Hits New Record High, Equities Notch a Few New Records of Their Own, and the Chinese Debt Crisis Continues
Early in the pandemic, we talked a lot about how the services recovery was a little slow out of the gate when compared to manufacturing. Momentum is accelerating though, and October saw the ISM...