What’s in Today’s Report: Has the Fed reached peak hawkishness? Will Powell sound hawkish on Tuesday? Key inflation data Tuesday and Friday.
Economic data was almost universally disappointing last week, although it obviously didn’t have the expected effect on the market (more on why below). The big numbers of last week, the global flash PMIs, all either missed expectations (China, U.S. and Germany) or met low expectations and remained…
The Russell 2000 and Dow Transports are fast approaching the pre-selloff levels from last week, so a break above 6143 in the Dow Transports and 938 in the Russell 2000 would be significant.
So, with the economic data so bad—why did stocks rally yesterday? The answer is changing market expectations of…
The spread between Spanish and German yields is crashing lower, which is one of the major reasons stocks rallied yesterday.
The U.S. Economy Showing Signs of a Slowdown – Again. Here’s What to Watch This Week.
SXPP: This index remains the leading indicator for all markets, as it is one of the best real time indicators of global economic growth.