FIRESIDE CHARTS
Expanding Business Activity, Climbing Output Costs, and Growing Nerves About Tail Risk
The Chicago PMI raced past projections and surged to a fresh record in May and the ISM Manufacturing PMI continues to show rapid expansion in factory activity—though neither is without accompanying…
Pricing Pressures, Inflation Indicators, and Crypto Concerns
Pricing pressures continue to plague manufacturers as supply chain issues persist and activity eases off highs, though the Richmond Fed Manufacturing Index remains firmly in growth territory…
Global Business Activity Accelerates, New Equity Issuance at Multi-Decade Highs, and a Crypto Check In
Business activity accelerated yet again this month with Markit Manufacturing PMI coming in above expectations, and the phenomenon isn’t limited to just the U.S… or the manufacturing sector. Services…
S&P 500 Margins Hit Record High, Crypto’s Wild Week, and the Hunt for Dividend
Major U.S. indices broke a three-day losing streak yesterday, sparking hope that stocks could close a volatile week on a positive note—and almost certainly a sigh of relief from highly-leveraged…
Persistent Employment Concerns, the Path Ahead After a Bear Market, and Fears for the Novice Investor
Employment remains a persistent problem in the U.S., forming a—to bring back a 2020 buzzword—checkmark recovery as continuing unemployment claims remain stubbornly elevated. As 21 states move to end…
Consumer Sentiment Weakens, New Highs and Consolidations, and is a Pattern Emerging in UST Yields?
Activity—and prices—are on the rise in the industries most battered by the pandemic, and it helped propel overall CPI growth far past expectations in April. Everything is relative though; core CPI…
Perspective on CPI Growth, Bull Runs, and a Reminder that Everything is Relative
Activity—and prices—are on the rise in the industries most battered by the pandemic, and it helped propel overall CPI growth far past expectations in April. Everything is relative though; core CPI…
Earnings Beats Near Record Highs, the Financial Sector’s Long Recovery, and is Equal-Weight Construction Poised for a Comeback?
The breadth of earnings beats in Q1 is near record highs, but how much of that achievement is the product of a pandemic-induced low bar? Strong performance from banks was a large contributor to…
Last Week’s Equity Surge, Bond Vulnerability, and a Bleak Outlook for the 60/40 Portfolio
We saw new all-time highs permeate the equity markets last week with all market caps and most sectors participating in the rally. As noted in Friday’s Fireside Charts, Commodities climbed as well…
A Dour Jobs Report, the Service Sector Recovery, and a Commodities Check In
Though employment growth fell short of estimates, good news remains: Jobless claims fell below 500,000 for the first time since the onset of the pandemic last week and last month layoffs fell to…