Midyear Outlook: Time for All-Weather Investing

Powerful trends have transported the world’s major economies back to where they stood just before the pandemic: firmly in late-cycle territory. In Europe, a strengthening recovery has been derailed by the war in Ukraine. Even as the war reduces growth, it is fueling...

Market Week: June 27, 2022

The week in review Flash Mfg. PMI fell to 51.2 from 53.6 Flash Svcs. PMI fell to 51.6 from 53.4 Existing home sales fell to 5.4m from 5.6m SAAR The week ahead Headline and core PCE ISM June PMIs Case-Shiller Home Price Index Personal income and spending Thought of the...

Fed’s Aggressive Path Could Mean More Market Turmoil

With a 75-basis-point (bps) rate hike, the biggest single move in nearly three decades, the U.S. Federal Reserve has signaled that bringing down inflation is its primary focus. The Fed moved to a more aggressive policy stance following a firmer-than-expected May...

Market Week: June 13, 2022

The week in review Headline/Core CPI: +8.6%/+6.0% y/y Initial claims rose to 229K The week ahead Retail sales Housing starts Industrial production Manufacturing production Thought of the week Last Friday, the May CPI report showed that inflation, as measured by the...

Employers Are Raising Wages Given Tight Market

The latest consumer price index (CPI) report released Wednesday, May 11, has confirmed that the U.S. Federal Reserve has a long way yet to go in its fight against inflation. Core inflation — all items except food and energy — rose 6.2% year over year in April, keeping...