The ISM Non-Manufacturing index declined to 51.8 in October, lagging the consensus expected 53.0 (Levels above 50 signal expansion; levels […]
Nonfarm payrolls increased 150,000 in October, lagging the consensus expected 180,000. Payroll gains for August and September were revised down […]
Nonfarm productivity (output per hour) increased 4.7% at an annual rate in the third quarter, beating the consensus expected gain […]
The Fed kept rates unchanged at today’s meeting, but whether they are done with rate hikes or simply at a […]
The ISM Manufacturing Index declined to 46.7 in October, lagging the consensus expected 49.0. (Levels higher than 50 signal expansion; […]
The S&P 500 closed at 4,117 on Friday, more than 10% below its recent peak in late July. Some are […]
Personal income rose 0.3% in September (+0.4% including revisions to prior months), versus a consensus expected +0.4%. Personal consumption rose […]
New orders for durable goods surged 4.7% in September (+4.4% including revisions to prior months), easily beating the consensus expected […]
Real GDP increased at a 4.9% annual rate in Q3, beating the consensus expected 4.5%. The largest positive contributions to […]
New single-family home sales increased 12.3% in September to a 0.759 million annual rate, easily beating the consensus expected 0.680 […]
We still think a recession is coming, but it definitely didn’t start in the third quarter. Instead, as we set […]
Existing home sales declined 2.0% in September to a 3.960 million annual rate, beating the consensus expected 3.890 million. Sales […]
