Last Week Economic data last week was generally in-line with expectations, and ahead of this critical week, none of the data materially shifted the current consensus expectation for slowly rebounding global growth or Fed policy. The “highlight” of last week was the revised Q1 GDP report, which missed expectations and showed a 1% annual growth […]
Sevens Report 6.2.14
Sevens Report 5.30.14
Sevens Report 5.29.14
Sevens Report 5.28.14
Last Week Last week was a good one for economic data, as global flash PMIs confirmed current market expectations (Chinese growth stabilizing, EU recovering slowly, U.S. recovery accelerating), and we got some welcome good news on domestic housing. The global flash PMIs were the highlight of the week, and although there was some disappointment in […]
Sevens Report 5.27.14
The market was still frustratingly flat, but Thursday was a bit different than the previous days this week. Monday and Wednesday weren’t as good as the averages implied, and Tuesday wasn’t as bad. Thursday, however, was actually a bit better than the moves in the averages would make you believe because of two main reasons. […]
Fed Minutes There weren’t many surprises in the minutes, and they certainly didn’t change anyone’s outlook for Fed policy going forward. Regarding the economy, the Fed remained cautiously optimistic. Apparently, though, the lack of a housing rebound is catching some Fed officials’ attention, so housing remains a key area to watch (reports coming out today […]
Sevens Report 5.22.14