PMI data shows the economy continuing to expand in July led by the Services sector. Banks stocks seem to have found near-term support after the historic July rally. I look
Weekly Review & Outlook: August 5, 2024
The Federal Reserve Open Market Committee (FOMC) maintained its restrictive policy rate and Quantitative Tightening (QT) in its July 31 policy statement. Chairman Jay Powell repeatedly referenced more balanced risks
Weekly Review & Outlook: July 29, 2024
A second full week of bank earnings reports confirmed earlier trends. In a stark reminder that markets are only semi-efficient, the resulting bank stock rally is the strongest single month
Weekly Review & Outlook: July 15, 2024
June consumer inflation cooled from May. The first handful of banks reporting 2nd quarter results showed continued evidence of system stability. The June Consumer Price Index (CPI) report (July 11)
Weekly Review & Outlook: July 8, 2024
In the holiday shortened week, June PMI data offered alternate views on economic growth in the second quarter. June jobs numbers also offered a contrasting picture on labor market conditions.
Weekly Review & Outlook: July 1, 2024
May Personal Consumption Expenditures (PCE) followed the earlier May Consumer Price Index (CPI) observations of cooler consumer inflation in the month. Bank stress tests results were released with all 31