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A Bird's Eye View Blog

Fireside Charts: The Goldilocks of Investment Grade Bonds, The Price of Oil, Another Disappointing FED Survey

Stocks have recovered better than the earnings outlook anticipated and Jurien Timmer's take on the S&P 500 price index is that it is higher than it should be. Moving to credit, investment grade...

Fireside Charts: Capital Gains Taxes, the Manufacturing Slump, and a Long-Term Look at U.S. Debt

With some European and Asian markets closed this Easter Monday, we turn our attention first to the U.S. budget. Next, a look into U.S. Federal debt over time - can you guess which year the country...

Fireside Charts: Regional Business Conditions, Tech "Unicorns" and their IPOs, Mixed Growth Results in Japan and Australia

The Chicago FED's regional business activity indicators have softened. From another regional scope, business conditions for all U.S. regions weakened in March with the exception of the South. In...

Fireside Charts: China GDP Results, LEIs are Saying the Worst is Over, and U.S. Companies Lack Pricing Power

China's first-quarter GDP growth has held up better than some had feared. Beijing is allowing local governments to issue more bonds. Is this part of a larger stimulus effort? In the United States,...

Fireside Charts: Growth Stocks Haven't Been this Expensive since Dot-Com Bubble, Jobless Claims hit 50-Year Low, How Americans Spend their Money

Wishing you a happy and safe Patriot’s Day from Boston! The MSCI World Value Index is showing global value stocks are near cheapest versus growth stocks in 19 years. U.S. retail gasoline prices...

Fireside Charts: Small Caps Stock Lag, Brent Crude Settles at $71 Per Barrel, China’s Stimulus Through the Years

For the first quarter, Energy, Materials, and Technology stocks are expected to see the largest earnings contractions. Small-cap earnings increasingly lag their large cap peers. Brent (oil) is...

Fireside Charts: U.S. Dollar Up From Previous Lows, Changing Landscape for Government Spending, and World Trade Indicators

Did you know? On this day in market history, President Franklin D. Roosevelt signed the Emergency Relief Appropriation Act to create $5 million in work relief programs during the Great Depression....

Fireside Charts: Global Earnings Halved, Housing Markets, and Are We Seeing an Emerging Market Rally?

 

Industrials, Financials, and Consumer Discretionary are expected to lead sector earnings for the rest of the year. Global economic data momentum has deteriorated to multi-year lows. In Europe,...

Fireside Charts: U.S. Retail Sales Drop, Global Outlook Contracts, But China Manufacturing Eases Worries

Today's blog post begins with the Citigroup Economic Surprise Index. While the index has little bearing on equity prices, it does portray more negative economic sentiment in the U.S. Meanwhile,...

Fireside Charts: China’s Manufacturing Growth, Checking in on Commodities, and What the Treasury Spread is Telling Us

Is China's recent economic slump coming to an end? The March Manufacturing PMI reports show the trend may be reversing due to strong Chinese factory activity data. Here at home, a chart on which...