“It seems that’s so far away now, my own sense is that we’re not going back to that. But honestly, we’re going to find out. But it feels, it feels
Weekly Review & Outlook: September 16, 2024
Returning with comments after 3 weeks, we have updates on inflation, jobs and economic activity. We also have meaningful 3rd quarter trend updates from 2 large Financial companies. Altogether I
Weekly Review & Outlook: August 26, 2024
“We do not seek or welcome further cooling in labor market conditions.†– Jay Powell Federal Reserve Chairman Powell declared in his Jackson Hole address that “the time has come
Weekly Review & Outlook: August 19, 2024
July inflation data came in mostly in-line with expectations. Retail sales surprised higher while Industrial Production and Housing Starts reflect economic weakening. Equity markets responded by rallying risk assets with
Weekly Review & Outlook: August 12, 2024
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