Holiday 2021 is here, and as much as we know the US consumer is strong, it’s still important to track which consumer categories are doing well and which are lagging. The last 20 months have seen a series of surprising twists and turns on this...
Even if Friday’s equity market selloff (S&P 500 -2.3 percent) came on a light volume day due to the US Thanksgiving holiday, it is still a +2 standard deviation move for the index. As such, it’s worth taking a few minutes to consider 1)...
#1: October’s US state- and city-level unemployment data continues to show stark regional differences in the American labor market. October’s US national unemployment rate was 4.6 percent. 20 states had less than 4 percent joblessness last...
#1: Fed Chair Powell’s renomination yesterday had a marked effect on market expectations for future rate policy. The chart below, courtesy of CME FedWatch, shows the odds of various rate scenarios at the end of 2022 using Fed Funds Futures...
Four topics today: #1: When does the market finally figure out what the S&P 500 can earn over the next 12 months? The FactSet chart below shows the trailing 1-year history for Wall Street analysts’ aggregate S&P 500 earnings estimate...
Earlier today we got a note from Art Cashin, market sage and CNBC regular, asking us for a piece we wrote years ago about autonomous vehicles. Art’s memory is better than either Outlook’s or Apple Mail’s search function, so we had to...
