The CPI report came in and the June headline rise was the largest since a 1.0% jump in June of 2008, while the core gain tied the rise in April of both 2021 and 1982 as the biggest […]
The markets have been slightly bearish today over Covid D and a rise in Jobless Claims 51K to 419k. However, the biggest immediate threat I see in the markets is a potential government shutdown over increased spending.
Wall Street is deeply underwater with the major indices all suffering losses in the -1.2% to -1.4% neighborhood, though after recent all-time highs. The driver of today’s stock sell-off appears to be mostly growing angst over
The June jobs report revealed an upside surprise for payrolls, but it came alongside a big workweek drop and a shift in jobs toward low-paid workers, leaving a lower trajectory for hours-worked, and hence a
Today’s U.S. reports revealed a repeat of the emerging claims report pattern of an impressive tightening in initial claims despite disappointing continuing claims figures. A -92k initial claims plunge to 498k in the first week
Today’s U.S. reports revealed a slightly larger than expected weather-led March pullback in existing home sales of -3.7% to a 6.01 mln clip. Yet, the median sales price surged 5.9% to a new all-time high