Category: Economy

The ISM Non-Manufacturing index declined to 55.3 in June, beating the consensus expected 54.0.  (Levels above 50 signal expansion; levels […]

As we celebrate 246 years of national independence, our country is now more than two years into an economic recovery […]

Personal income rose 0.5% in May ( 0.6% including revisions to prior months), matching consensus expectations.  Personal consumption rose 0.2% […]

Real GDP growth in Q1 was revised slightly lower to a -1.6% annual rate from a prior estimate and consensus […]

We’ve told people to watch the M2 measure of money in order to understand whether inflation will cool down or […]

New orders for durable goods rose 0.7% in May (+0.6% including revisions to prior months), beating the consensus expected 0.1%.  […]

Real GDP declined at a 1.5% annual rate in the first quarter and, as of Friday, the Atlanta Fed’s “GDP […]

New single-family home sales increased 10.7% in May to a 0.696 million annual rate, easily beating the consensus expected 0.590 […]

Existing home sales declined 3.4% in May to a 5.410 million annual rate, narrowly beating the consensus expected 5.400 million. […]

We became bullish about stocks once mark-to market accounting was fixed in March 2009.  We were also bullish after COVID-19 […]

Industrial production increased 0.2% in May (+0.1% including revisions to prior months), below the consensus expected gain of 0.4%.  Utilities […]

Housing starts declined 14.4% in May to a 1.549 million annual rate, well below the consensus expected 1.701 million.  Starts […]