“US Tech stocks decline as rates rise.” That was a prominent headline today, and simple valuation math supports the idea: Technology stocks typically have high valuations, which means markets are imputing many years of rising and relatively...
This month’s US/global equity volatility after a strong January – August performance will spark inevitable comparisons to 1987. Some are fair and some are less so; we’ll cover both here. As we’ve mentioned before, the S&P 500...
Three Data items today: #1: Some fresh data from the NY Fed’s Survey of Consumer Expectations illuminates two important issues around US labor markets: how quickly they can return to “normal” and what employers have to offer to get the people...
Two items to cover today: #1: The New York Fed was out with its 3x/year SCE Household Spending Survey, and 3 of their findings here caught our eye: First: contrary to the popular narrative of wealthy households spending heavily while less affluent...
Excerpt from Yahoo Finance quoting DataTrek’s Jessica Rabe: …. “In DataTrek Research’s Tuesday newsletter, co-founder Jessica Rabe discussed a handful of companies that are taking advantage of the shutdown to gain major...
Excerpt from CNBC quoting DataTrek’s Nick Colas: …. “The troubled aircraft manufacturer has been a huge drag on the blue-chip index, knocking off more than 260 points just this month, according to FactSet. That’s put a black eye...
