Consumer confidence dipped in November, The Conference Board said Tuesday, citing “the resurgence of COVID-19”
Category: economy
Welcome Back
The holiday-shortened week began in predictable fashion, with equities climbing the proverbial “wall of worry”
‘Quite Literally At A Price’: Inflation Comes Roaring To Life In US PMIs
While you can expect high frequency indicators to start reflecting the various lockdown protocols instituted
Europe Heads For Double-Dip Downturn As Western World Succumbs
Surprise! The European economy looks poised to log another contraction, fresh off Q3’s rebound from
Who’s Looking Forward To ‘Normal’?
More encouraging vaccine headlines looked to bolster risk sentiment in the new week as the
Why Portfolio Managers And Executives Think Goldman’s 2021 S&P Forecast Is Too High
When Goldman asked domestic and international portfolio managers, hedge funds, sovereign wealth funds, and corporate
‘It’s A Joke’
Never a dull moment. Markets were subjected to more unnecessary drama on Friday, as investors,
Uber-Goldilocks
I guess we need to add a new term to the lexicon: “Uber Goldilocks.” You
Amid ‘Odd’ Treasury-Fed Spat, Correction Window Opens Ahead Of Assumed Year-End Melt-Up
Prepare for a possible “unclenching.” That’s one message from Nomura’s Charlie McElligott, who, in a
Authorizations During Emergencies
Pfizer and BioNTech will submit an emergency use authorization request for their jointly-developed COVID-19 vaccine
Non Sequiturs & Nonsense
I suppose I was wrong to say, on Thursday morning, that “analysts and economists are
Don’t Worry: The Housing Bubble Is Alive And Well
At least the housing bubble is intact. Existing home sales defied expectations for a decline,
Jobless Claims Unexpectedly Rise, Adding To Economic Consternation
742,000 Americans filed for unemployment claims last week, more than the market expected. It’s an
Slow Bleed
The dollar moved higher from a 29-month low Thursday, as risk-off vibes tied to America’s
Obligations Of The Undead
Meanwhile, from the world of “zombies” and possibly unsustainable debt burdens… The financial media (and
Retail Sales Stumbled In October, Which Isn’t Surprising Because People Are, You Know, Starving
Some will call it inevitable. US retail sales rose just 0.3% in October, less than
Morgan Stanley: ‘Keep The Faith’ After ‘Super-Charged’ Global Economic ‘Take-Off’
“Keep the faith, trust the recovery” and buy stocks. That, in a nutshell, is the
China’s Key October Data Is Good Enough. PBOC Moves To Quell Liquidity Concerns
China’s economic recovery remained largely on track in October, activity data out Monday suggested. Retail
New Week, Same Virus
Markets will kick off the new week confronted with more disconcerting news flow around the
While You Were Watching The Election Soap Opera, Earnings Season Was ‘Stellar’
You may not have noticed, but Q3 earnings season went remarkably well. In fact, it
Everything In Between
On Saturday morning, I offered a take on America’s economic future that was simultaneously optimistic
Profits And The Lonely Barber
“The vaccine development means corporate America’s earnings power may be greatly under-appreciated,” Bloomberg’s Lu Wang
Election Blues For Red Consumers
Consumer sentiment unexpectedly declined in the preliminary read on the University of Michigan survey for
Trump Abandons Stimulus Push With 10 Million Americans Jobless. Focuses On Election Litigation
Donald Trump has given up on passing another virus relief bill. Or, if you like
Disinflation Dominates. Historic Surge In Used Car Prices Ends
If it’s signs of inflation in the US you’re looking for, you won’t find them
Jobless Claims On Verge Of Falling Below Pre-Pandemic Record. But…
709,000 Americans filed for unemployment benefits last week, in what’s either a “new pandemic low”
Hope. But Also Fear.
Risk appetite abated a bit on Thursday, and markets were broadly mixed as investors took
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