Nonfarm payrolls increased 467,000 in January, well above the consensus expected 125,000. Private sector payrolls rose 444,000 in January. The […]
The ISM Non-Manufacturing index declined to 59.9 in January, beating the consensus expected 59.5. (Levels above 50 signal expansion; levels […]
View from the Observation Deck 1. As of 1/31/22, 394 of the constituents in the S&P 500 Index distributed a […]
Nonfarm productivity (output per hour) increased 6.6% at an annual rate in the fourth quarter, easily beating the consensus expected […]
The ISM Manufacturing Index declined to 57.6 in January, narrowly beating the consensus expected 57.5. (Levels higher than 50 signal […]
View from the Observation Deck 1. Today’s blog post shows the yields on a couple of benchmark government bond maturities […]
The Federal Reserve’s policy statement from last week plus Jerome Powell’s post-meeting press conference made it abundantly clear it is […]
Personal income rose 0.3% in December (+0.6% including revisions to prior months), coming in below the consensus expected +0.5%. Personal […]
New orders for durable goods declined 0.9% in December (+0.3% including revisions to prior months), versus a consensus expected decline […]
Real GDP grew at a 6.9% annual rate in Q4, beating the consensus expected 5.5%. The largest positive contributions to […]
View from the Observation Deck 1. Equities appear to be on the cusp of delivering the market correction, as measured […]
