TIMELY MARKET UPDATES
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…
Consumer Sentiment Falls to Decade Low, Inflation Starts to Moderate, and Growth Slows in China
The University of Michigan consumer sentiment index fell to a pandemic-era low of 70.2 this month—suffering its worst negative surprise on record—as hospitalization of children with Covid-19…
CPI Growth Slowed, Effects of Inflation, and the Federal Deficit is Only Getting Worse
Core CPI was up last month but the pace of growth slowed as expected. This was driven mainly by housing—as home price gains have topped the prior housing bubble peak—and Hotels—as long-awaited…
With Markets Charging Towards New Highs, Should Investors Wait for a “Better Deal”?
With the relatively unprecedented strength we have seen in global equity markets over the past ~2.5 years (with one rather extreme hiccup in between), some investors may be apprehensive about…
Consumer Credit on the Rise Again, Deferred Debt Mounting as Moratoriums Set to End, and Employment Still Down
As many Americans used the stimulus stipends to pay down credit cards and other revolving debt throughout most of 2020, it has subsequently began rising again in 2020. Meanwhile, nonrevolving…
Battle for Market Leadership Ongoing, Stronger than Expected Jobs Report, and Post WWII Inflation Episodes
The U.S. is still on the road to recovery and the battle for market leadership shows how bumpy that road has been. However, both the S&P 500® Index and Dow Jones Industrial Average closed at record…
U.S. Trade Deficit at Record High, Global Bond Yields are Falling, and the Delta Variant Causing More Economic Uncertainty
The U.S. trade deficit hit another record high this week as demand for domestic goods is on the rise . But many consumers are still choosing to save as the impact of the Delta Variant is still…
Covid-Induced Departure from Cities Slowing, Benefits Keeping Americans Unemployed, Europe on Path to Normal
It appears the mass exodus from cities due to Covid fear in cities is slowing down as the number of people moving out of apartments to buy houses has somewhat normalized. And with the return of…