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...
VIDEO: BCM’s 4Q20 Quarterly Market Update Call with the PM
It was a year of firsts and unprecedented events, but—at a high level—2020 was almost the perfect continuation of the trends established in the decade that preceded it. Still, important differences...
BCM 4Q20 Market Commentary: Looking Back to Move Forward—Seeking Higher Ground in an Imperfect World
Much will be written about the challenges, difficulties, pain and suffering endured by humanity in 2020. We would like to focus on some of the good that came out of last year’s strife: Our Democracy...
Latest on Inflation
- A Closer Look at PPI, Fresh Records Moving into Earnings Season, and China Huarong’s Bond Rout Deepens
- Jobs Come Roaring Back, ISM Services PMI Hits New Record, and the Spike in the Global Money Supply
- Trade Deficit Now Largest on Record, Putting Inflation in Context, and Equities’ Historic 12-Month Run
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
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...
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...