Last week, the US labor market got a double-dose of good news. The headline print
Category: economy
According To One Key Measure, The Pandemic Never Happened (But Don’t Tell Stein Mart)
There’s been no shortage of attention paid this week to the S&P 500’s apparently imminent
If You’re Not Safe In New Zealand (A Pair Of Reminders)
Amid a back-up in yields stateside and ongoing upside “surprises” in key data points both
Core CPI Surges Most Since 1991. So, There’s That
It probably wouldn’t be correct to say July’s US inflation data is “pivotal”. Rather, a
Great Expectations
Markets (or, at least the financial media) seem enamored with the idea that Donald Trump
Nomura’s McElligott: The M2 Pro-Cyclical Signal May Be ‘Triggering’ In Stocks
Last week, Nomura’s Charlie McElligott suggested that those looking for a real “reflation signal” should
El-Erian Says ‘Band-Aid’ Actions May ‘Further Undermine’ US Prestige. Goldman Sees Early September ‘Deadlines’
It’s “not nothin’”, so to speak, but it’s not a long-term solution. That was the
July’s ‘Great’ US Jobs Report Hid Grim Milestone
Donald Trump’s go-it-alone approach to virus relief met with mixed reviews on Sunday and Monday.
Trump Virus Relief Edicts Seen As Inadequate. Unemployment Scheme Especially Tenuous
“Whether they’re legal or not takes time to figure out”, Nancy Pelosi said Sunday, speaking
Trump Pulls The Trigger, Signs Orders On Jobless Benefits, Payroll Taxes
Donald Trump moved ahead Saturday with executive action aimed at preserving a handful of key
July Jobs Report Raises Questions, But Answers Aren’t Forthcoming
The July jobs report (which beat expectations, ostensibly suggesting reinstated virus containment measures across some
US Labor Market Defies Skeptics As Jobs Report Again Beats Expectations
“You can’t use a model for this”, Morgan Stanley’s Chief US Economist, Ellen Zentner, sighed
‘Working Fine Right Now’
(Updates with comments from Pelosi, Schumer, Meadows, Mnuchin after latest negotiations) In an attempt to
Americans’ Credit Card Balances Just Plunged By A Record $76 Billion
Credit card balances for US households plunged by the most on record in the second
Jobless Claims Fall To Lowest Of Pandemic In Welcome News
On the heels of an ostensibly foreboding ADP employment report, and just a day ahead
Fingers Crossed
It’s “fingers crossed” time. Fingers crossed that an egregious downside miss on ADP employment doesn’t
Nomura’s McElligott Delivers The ‘Contrarian View’ On Surging M2 Money Supply
Generally speaking, the market doesn’t have much faith in the reflation narrative and hasn’t for
Biggest Miss In ADP History Sounds Alarm On US Labor Market
The July jobs report is a giant question mark. It won’t capture the most recent
ISM Services Paints Puzzling Picture, While IHS Markit Warns On ‘Possible Start Of A Double-Dip’
The US services sector was more vibrant than expected last month, according to data you
‘Once People Start Missing Payments’: Bedlam, Bullion, And The Risk Of Doing Too Little
[Updates with outcome of Tuesday’s negotiations] Just a “little bit” of headway on fraught stimulus
ISM Manufacturing Easily Clears Hurdle, But IHS Markit Gauge Revised Lower
The market will digest a trio of potentially important macro data points in the days
Oh, Lord (Byte Dancing Into August Volatility)
Lord & Taylor filed for Chapter 11 on Sunday in Richmond, Virginia, a stark reminder
Something’s Gotta Give (Big-Picture Trends For The New Era)
As should be abundantly clear to anyone who took time over the weekend to read
Neel Kashkari Floats New ‘Hard Lockdown,’ Says Congress Needs To ‘Support The People’
Neel Kashkari was (back) on CBS’s “Face the Nation” Sunday, and unlike Jerome Powell, he’s
Quarantinis (And A Glimpse Into Our Not-So-Distant Future)
“I actually agree with this”, Donald Trump said over the weekend, referencing a video from
Fitch-Slapped
“It is a truism that the US government cannot run out of money to service
Domino Effect
Roll out the obligatory caveat(s). “The full economic effects of the COVID-19 pandemic cannot be
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