FIRESIDE CHARTS
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…
Supply-Chain Bottlenecks, How Technology’s Reshaped the Markets, and Growing Global Opportunities
Supply-chain pressures contributed to a surprise pullback in the ISM Manufacturing PMI last month as the cost of goods sold hits a decade+ high and customer inventories drop to a new historic low…
Dry Powder Accumulates, Indices Consolidate Gains, and Real Yields Turn Negative Across the Curve
Stimulus checks sent both personal incomes and personal savings soaring in March after a quarter of already significant savings growth. How will the markets react if and when so much dry powder…
GDP Jumps 6.4% in Q1, Double-Digit Home Price Appreciation, and Earnings Beats Hit New Record
U.S. GDP climbed by 6.4% in Q1, inching the economy closer to full recovery. While spending on services is finally accelerating—it grew 4.6% over the quarter—spending on goods remains dominant and…
Inflation Review: Manufacturers Push Through Costs, Mentions on Earnings Calls Triple, and Maintaining Perspective
Let’s talk inflation. As producer price inflation climbs—PPI saw a decade-high year-over-year increase in March—manufacturers are starting to push those costs through to consumers. CPI has been…
Services PMI Hits Record High, the Market Leadership Fight Continues, and High-Yield Spreads Narrow
After failing to keep pace with the manufacturing recovery through much of 2020, the U.S. Services PMI has joined the Manufacturing PMI in hitting a new record high as vaccinations roll on…
Record Manufacturing Activity, Financial Crisis Echoes, and the Bank of Canada Signals Stimulus Scale Back
We’ve spoken a lot about the rotation from large caps to small caps this year, but a look at the S&P 500® Index shows an even more granular change taking place. Since the announcement of the…
Changing Leadership, Bearish Sentiment From Insiders, and Leaving the Era of Negative Yields Behind
We’ve spoken a lot about the rotation from large caps to small caps this year, but a look at the S&P 500® Index shows an even more granular change taking place. Since the announcement of the…
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…