Why the Gaetz Withdrawal Sparked Yesterday’s Rally

/in , /by

What’s in Today’s Report: Why the Gaetz Withdrawal Sparked Yesterday’s Rally

Read more

BLS Jobs Report Preview

/in /by

Jobs Report Preview The importance of these jobs reports from a Fed policy standpoint is on the rise, and the risk to stocks is for the numbers to run too “hot” and pull forward Fed interest rate increases. The “Too Hot” Scenario: >300K job gains. A jobs number this strong would likely result in a […]

Read more

Midterm Election Takeaways

/in /by

Midterm Election Takeaways Ignoring the politics (I’ll leave that to others far more intelligent than I), there are a few potential market takeaways to monitor now that the Republicans will control the 114th Congress (undoubtedly some clients will call asking what the mid-terms mean for the market, and I want to provide some talking points). […]

Read more

ISM Non-Manufacturing PMI Slightly Misses Expectations

/in /by

ISM Non-Manufacturing  PMI October ISM Non-Manufacturing PMI was 57.1 vs. (E) 58.0. Takeaway The non-manufacturing (or service sector) October PMI was a slight disappointment as it declined from a 58.6 reading in September, and the details were also a bit underwhelming. New orders (the leading indicator of the report) fell 1.9 points to 59.1, the […]

Read more

What the Employment Cost Index Suggests About Inflation Rates

/in /by

Boring But Important: Employment Cost Index Part of our job is to watch indicators that are important and often overlooked by financial media and other research sites. To that end, an overlooked but important number came Friday via the Employment Cost Index (ECI), a quarterly reading of employment costs and wage trends. The ECI rose […]

Read more

Markets Today

/in /by

What’s Inside Today’s Report: —  Post election spread trade. —  Why an overlooked economic indicator from last Friday matters to you. Futures are slightly weaker for the second straight day as a further collapse in oil prices overnight has temporarily halted the rally in stocks. Oil fell below $76 overnight on news of Saudi price […]

Read more