Even with the recent US equity selloff the Dow Jones Industrial Average is beating the S&P 500 YTD, up 9.7 pct versus 8.2 pct. While it’s not Wall Street’s go-to index for US equity performance and imperfect due to its price-weighted...
The last few days have been choppy in US equity markets, so let’s talk about it with the help of some “Data” points. #1: The curse of the third 10 percent year. This is going to sound simplistic at first, but there’s enough of the...
We continue to monitor the US economic reopening trade, especially with regards to leisure travel. Let’s start by looking at trends in airline ticket prices, which is how we measure incremental real-time consumer demand and eventual airline...
Three points about Friday’s disappointing US Employment Situation report, with only 266,000 jobs added versus expectations for 1 million: #1: It did almost nothing to close the gap of 8 million fewer US workers now versus February 2020, and...
Two Data items today: Item #1: US home prices. The S&P/Case-Shiller US National Home Price Index is 12 percent higher than a year ago through the latest data available (February 2021). That beats the best comps from the post-Housing Crisis...
Three Data items today: #1: Commodity prices and consumer inflation. Next week’s Producer Price Index report will get a lot of attention as a measure of “inflation in the pipeline”. The March 2021 reading of 4.2 percent for final demand...
