What a week it was. US equities fell Friday, amid dour retail sales and doubts about how quickly Congress will move to pass Joe Biden’s
Day: January 15, 2021
Can Economies Be Both Too Hot And In Recession?
Joe Biden’s stimulus proposal “is a big package,” the Boston Fed’s Eric Rosengren said Friday. “But I think it’s appropriate.” I’d venture the nearly 10
A Deadly Cocktail (But The Factories Are Ok)
At least the manufacturing sector is holding up. On a day when retail sales posted a “big league” disappointment, factory production showed a 0.9% rise
Surprise! Retail Sales Are Total Debacle
Late last week, when December payrolls showed the leisure and hospitality industry shed nearly a half million jobs, I suggested the read-through for consumer spending was
What, No Champagne? Markets ‘Remarkably Indifferent’ To $2 Trillion Biden Plan
As soon as Joe Biden finished speaking on Thursday evening (and even before he started), market participants were already fretting about the “uphill battle” his
JPMorgan Beats Helped By Reserve Release, But Dimon Delivers Caveats, Warnings
JPMorgan kicked off earnings season Friday, with Wall Street’s five largest banks on track to log $100 billion in trading revenue for the first year
