The March jobs report beat estimates across the board, with robust nonfarm payroll growth that included big March increases across nearly every sector after big upward revisions. We saw a sharp rebound in the workweek …
The FOMC meets on Wednesday and Thursday of this week and will issue its post-meeting statement at 2:00 PM ET on Wednesday. Further monetary accommodation is unlikely given the most recent round of fiscal stimulus …
Stocks hit record levels in the middle of February but struggled to advance further as rising rates and fresh uncertainties over the virus weighed on risk appetite. Vaccinations were on the rise while new cases …
The US equity markets are very bullish as today’s early-morning because U.S. reports revealed declines in initial and continuing claims that slightly outperformed assumptions, with a -33k initial claims drop to a still-elevated 779k in …
Market Data (Jobless Claims, Productivity & Factory Orders) Read More »
The S&P 500 and Dow are up this morning as we continue to digest the data. Many market analysts have been warning about rising inflation and watching the 10 year for rate change signals (see …
Market Data: CPI and MBA Mortgage Applications Index Read More »
The markets are up this morning with positive data of economic recovery and news of mixed party control of Congress. The stock market has historically performed the best with a mixed control of Congress and …
Mid Week Market Data: Factory Report Beats Estimates Read More »
Wall Street and global stock markets added to already impressive gains in December, fueled by the roll out of vaccines that are widely seen as driving a robust recovery in 2021 after the volatile path …
ABS Monthly January 2021 Report: New Year’s Optimism Read More »
Today’s U.S. reports were disappointing overall, and the mix of weaker income, consumption, and home sales, though with a robust inventory path, prompted downward revisions in our GDP forecasts to 5.5% (was 6.0%) in Q4 …
Stock Market Pullback? – Economic Data Disappoints Read More »
The U.S. Q3 GDP growth boost to 33.4% from 33.1% slightly beat our estimate thanks to bigger than expected boosts for business fixed investment in equipment and intellectual property. As a result, final sales growth …
Retail Sales Drop Today’s U.S. retail sales undershot estimates with a -1.1% November headline drop and -0.9% ex-auto decline, following net downward revisions that lifted September but lowered October, hence lifting Q3 consumption before a …
Economic Data: Retail Sales Drop & Inventories Increase (Bear Indicators) Read More »
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