FIRESIDE CHARTS
![Retail Sales Growth Hits 10-Month High, the Market Grows More Expensive, and Treasury Yields Slide](https://blog.investbcm.com/wp-content/uploads/2020/03/Money-Fist-AdobeStock_80877759-1080x450.png)
Retail Sales Growth Hits 10-Month High, the Market Grows More Expensive, and Treasury Yields Slide
U.S. retail sales growth soared past expectations in March, climbing to 9.8% MoM—and a record 27.7% YoY—after a temporary dip during February’s deep freeze. Business IT spending as also…
![A Closer Look at PPI, Fresh Records Moving Into Earnings Season, and China Huarong’s Bond Rout Deepens](https://blog.investbcm.com/wp-content/uploads/2018/12/Shipping-AdobeStock_239534139-1080x450.png)
A Closer Look at PPI, Fresh Records Moving Into Earnings Season, and China Huarong’s Bond Rout Deepens
The U.S. saw a substantially higher PPI reading than expected for March—when the index saw its second highest year-over-year gain on record—driven largely by chemical and lumbar prices. Though this…
![Accelerating Economic Growth, Tech Narrows Underperformance, and Is a Trend Reversal Approaching?](https://blog.investbcm.com/wp-content/uploads/2021/02/Woman-Trading-on-Phone-AdobeStock_290195532-1080x450.png)
Accelerating Economic Growth, Tech Narrows Underperformance, and Is a Trend Reversal Approaching?
March PPI numbers topped forecasts with a year-over-year reading of 4.2%—the largest annual rise since September 2011. Fed Chairman Powell acknowledged that outlook has “brightened substantially”…
![Record Highs and Lows from the Trade Deficit, Population Growth, and Coupon Treasury Issuance](https://blog.investbcm.com/wp-content/uploads/2020/08/Flags-AdobeStock_74065017-1080x450.png)
Record Highs and Lows from the Trade Deficit, Population Growth, and Coupon Treasury Issuance
Consumer confidence is recovering in the U.S. and it’s showing up in spending… just not necessarily on American-made goods. The trade deficit climbed to another record high in March, and it could…
![Jobs Come Roaring Back, ISM Services PMI Hits New Record, and the Spike in the Global Money Supply](https://blog.investbcm.com/wp-content/uploads/2020/09/Different-Currencies-AdobeStock_96409545-1080x450.png)
Jobs Come Roaring Back, ISM Services PMI Hits New Record, and the Spike in the Global Money Supply
U.S. job openings blew past expectations and surged to a two-year high in February as the job openings rate hits its highest level on record. As competition for employees heats up though…
![A Closer Look at PPI, Fresh Records Moving Into Earnings Season, and China Huarong’s Bond Rout Deepens](https://blog.investbcm.com/wp-content/uploads/2018/12/Shipping-AdobeStock_239534139-1080x450.png)
Manufacturing PMI Hits 37-year High, Small-Caps ‘Dethrone’ Nasdaq 100, and Markets Anticipate Rate Hikes
In yet more evidence of the economic recovery gaining momentum, the ISM Manufacturing PMI jumped to 64.7 in March—its highest level in nearly 40 years. While good news for the U.S. economy…
![The Pricing Divergence in Manufacturing, the Red-Hot Housing Sector, and Extremes from Equity Valuations & Margin Debt](https://blog.investbcm.com/wp-content/uploads/2021/02/Houses_146194093-1080x450.png)
The Pricing Divergence in Manufacturing, the Red-Hot Housing Sector, and Extremes from Equity Valuations & Margin Debt
Manufacturing remains strong in the U.S. and saw more gains in February—even in the frozen Lonestar state—but producer prices are also climbing without accompanying gains in prices charged…
![A Closer Look at PPI, Fresh Records Moving Into Earnings Season, and China Huarong’s Bond Rout Deepens](https://blog.investbcm.com/wp-content/uploads/2018/12/Shipping-AdobeStock_239534139-1080x450.png)
Trade Deficit Now Largest on Record, Putting Inflation in Context, and Equities’ Historic 12-Month Run
The trade deficit widened 2.5% in February to hit a record high of $86.7 billion and the budget deficit is feeling its own strain as stimulus payments go out and QE reignites. At long last though…
![Unemployment Hits Pandemic-Era Low, U.S. Index Correlation Near 20-Year Low, and a Bond Market Check In](https://blog.investbcm.com/wp-content/uploads/2019/12/Construction-Sunset-AdobeStock_209466807-sized-1080x450.png)
Unemployment Hits Pandemic-Era Low, U.S. Index Correlation Near 20-Year Low, and a Bond Market Check In
Economic recovery continues to gain momentum in the U.S. as new unemployment claims drop to a pandemic low of 684,000. Business activity and manufacturing remain robust and are continuing to grow…
![Trend Reversals, Small Caps Come Under Pressure, and is the Commodity Rally Losing Steam?](https://blog.investbcm.com/wp-content/uploads/2020/02/Oil-Drill-AdobeStock_165476627-1080x450.png)
Trend Reversals, Small Caps Come Under Pressure, and is the Commodity Rally Losing Steam?
Soaring home sales and plummeting air travel were two of the strongest trends to emerge during the pandemic era, but could both soon witness a reversal? And as demand for high dividend climbs and…