Two “Data” items today: Issue #1: Inflation expectations ahead of Thursday’s Consumer Price Index report for May 2021 and the FOMC meeting next week. The bond market’s expectations of future US inflation have gone nowhere in over 2 months,...
Two “Data” items to discuss with you today: #1: Comparing current US home price trends to prior recessions and recoveries. This chart shows the S&P/Case-Shiller US National Home Price Index back to 1987, indexed to 100 in January of that...
Even though Friday’s Jobs Report printed the lowest unemployment rate since the start of the pandemic, at 5.8 percent, it was broadly disappointing. Job growth was only 599,000 positions versus expectations of 671,000 and a whisper number of...
Two “Data” topics to discuss with you today: Item #1: May price performance data across asset classes, geographies and US large cap equity sectors, with a few comments on each. First up, major asset classes with YTD price performance also noted:...
