Reducing Our Stock Market Forecasts
At the end of 2021, we set out our projections for the stock market in 2022: 5,250 for the S&P […]
At the end of 2021, we set out our projections for the stock market in 2022: 5,250 for the S&P […]
Nonfarm payrolls increased 428,000 in April versus a consensus expected 380,000. Payroll gains for February and March were revised down […]
Nonfarm productivity (output per hour) declined 7.5% at an annual rate in the first quarter, coming in below the consensus […]
View from the Observation Deck 1. From 2003-2021, the CBOE S&P 500 BuyWrite Index (an index designed to measure a […]
“Transitory” is out, “expeditious” is in. As most investors expected, the Fed raised short-term interest rates by half a percentage […]
The ISM Non-Manufacturing index slowed to 57.1 in April, missing the consensus expected 58.5. (Levels above 50 signal expansion; levels […]
Exports rose by $12.9 billion, led by an increase in other petroleum products, crude oil, fuel oil, and natural gas […]
View from the Observation Deck 1. All three S&P stock indices in the table above recently dipped into correction territory. […]
The ISM Manufacturing Index slowed to 55.4 in April, missing the consensus expected 57.6. (Levels higher than 50 signal expansion; […]
Ultimately, inflation is always and everywhere a monetary phenomenon, as the late great economist Milton Friedman used to say. And […]
Personal income rose 0.5% in March ( 0.9% including revisions to prior months), beating the consensus expected 0.4%. Personal consumption […]
