AI Mania, Emergency Lending, Leading Economic Indicators
AI mania is sweeping the stock market, propelling broad indices to near-term highs as breadth continues to narrow. While the banking crisis is over for now, the problems that sparked it haven’t gone...
Insights from the Survey of Household Economics and Decisionmaking
The Federal Reserve Board recently published the results of their “Survey of Household Economics and Decisionmaking” from October 2022. Periodically released by the Federal Reserve Board, this report...
Debt Ceiling Redux: What Lessons Can Market Participants Learn From 2011?
In 2011, the United States was rapidly approaching its debt ceiling—the legislative cap on the total amount of debt that the U.S. government can incur to finance its operations. The debt ceiling at that time was...
Commodities Falling, Economic Surprises, Debt Ceiling Expectations
The price of oil is near its 52-week low, but this hasn’t translated to lower prices at the pump for consumers. Oil isn’t the only commodity showing weakness as investors being to sour on the asset...
Unemployment Falls, Inflation Slows, the End of Interest Rate Hikes
The economy isn’t growing as fast as it once was but it’s too early to call this a slowdown. Hard economic data is still very positive, and inflation continues to trend in the right direction...
Economic Data is Murky, Housing Supply, Uses for Artificial Intelligence
Inconsistent economic data is making it difficult to judge the state of the economy. Many previously negative indicators are turning around, while others are showing new signs of weakness. Interest rates have...