Stimulus, Continued Strength from Manufacturing, and Breaking Down Recent Equity Gains
Stimulus remains a major talking point this week as the Biden administration settles in on Pennsylvania Ave and unemployment numbers continue to raise concerns. Manufacturing continues to show signs...
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...
VIDEO: BCM’s 3Q20 Quarterly Market Update Call with the PM
The third quarter certainly felt a bit calmer in relation to the wild market rides experienced in Q1 and Q2, but important developments remained —a new inflation policy from the Fed...
Latest on Unemployment
- Payrolls Slump, Equities Hit New Highs, and a Quick Consult with ‘Dr. Copper’
- Record Highs to Close Out 2020, SMID Caps Make Up Ground, and Commodities Break Above a 9-Year Trendline
- An Expensive 2020: Fiscal Stimulus, Quantitative Easing, and Global Market Price Tags Continue to Climb
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...
Federal Debt Soars, CAPE Ratio Projects Negative Earnings, and Signals from High Yield
Federal debt saw a $4.5 billion+ year-over-year climb in 2020 and now sits at over 130% of U.S. GDP. More stimulus funding is a central talking point in Washington as the Biden administration takes...
Housing Boom Continues, Momentum Factor Composition, and the Break Between Commodities & Services CPI
The pandemic housing boom has continued into 2021 as mortgage applications start the year on a strong note. And the composition of the momentum factor—one of the only factors to outperform...