FIRESIDE CHARTS
Equities Slide, the Evergrande Collapse, and a Look Ahead at This Week’s FOMC Meeting
It’s a grim start to a big week as stocks slide and risk-off sentiment takes hold. Though inflow and outflow patterns might suggest otherwise, small caps were the only hold out last week as all…
Inflation Cools Slightly Despite Lingering Pressures, Consumer Credit Growth, and a Look at China’s Housing Market
Supply chain issues are pushing up producer prices and driving inflationary pressures; though CPI came in below expectations, the median month-over-month gain hit a multi-year high. But how useful…
A Disappointing Jobs Report, Approaching Wage Growth, and a Look at the Historic Market Recovery
Last week’s jobs report disappointed as we moved into Labor Day Weekend, adding yet more data that indicates global growth may be losing steam. Though conditions have tightened, small businesses…
Manufacturing Slows in the U.S. and Abroad, Supply-Chain Bottlenecks, and a Look at Consumer Confidence
Manufacturing activity is slowing across the U.S. as the nation grapples with the Delta variant and significant supply-chain bottlenecks; the latest survey out of the Dallas Fed dramatically…
Consumer Spending Slows, Investors Digest Fed Comments, and the Soaring Cost of Equities
U.S. consumer spending came in slightly below expectations in July but remains above the pre-pandemic trendline and has continued to grow month-over-month. Meanwhile, the personal savings rate…
Housing Market Updates, Retail Comes Back Toward Earth, and Follow-On Stock Offerings Hit 25-year High
As the eviction moratorium comes to an end in the U.S. following a 6-3 vote in the Supreme Court, we’re seeing fewer renters making the transition to homeowners—though competition and price increases…
Manufacturing Continues to Moderate, Corporate Cash Holdings at Record High, and Demand for TIPS Remains Elevated
We’re seeing yet more evidence that manufacturing activity is moderating from its pandemic-era extremes, this time out of the Richmond Fed which saw activity fall significantly short of expectations…
Unprecedented Equity Sales, Commodities Come Under Pressure, and Delta Reverses PMI Growth in Japan
Markets opened strong this morning after last week’s mini taper tantrum following the release of the Fed minutes. It’s good news for retail investors after a year of—pardon the buzzword…
Normalization Continues, a (Mini) Taper Tantrum, and Commodities Lose Momentum
Manufacturing growth continues to cool per the Philly Fed, which saw activity fall below expectations (23.1) at 19.4 in August as the sector moderates from its pandemic-era extremes. Normalization…
Retail Takes a Hit, Housing and Manufacturing Moderate, and the Delta Variant Reawakens Shutdown Concerns
Retail sales slid -1.1% in July amid rising concerns over the Delta Variant and a broader shift toward spending on services, contributing to the major indices moving off highs yesterday to close in…