After an event-filled 3 ½ day trading week, it is time to pause and reconsider. There is little fresh news in store this week, and therefore plenty of time for calendar-driven introspection. Is it time for a mid-course correction? I expect the punditry to assemble the evidence, with each concluding that (s)he has been right […]
Sometimes markets emphasize simple themes, rejecting even modest efforts at nuance. The current big stories are the record highs in stocks, the length of time since the last significant correction, and the “market is rigged” meme. These themes are all easily grasped and interesting media fodder. It has set the agenda. Meanwhile, the economy seems […]
After a wild week for U.S. equities and some weak economic data, the market will be curious about how the Fed sees the evidence. What should we expect from the new Fed Chair? You might think that the confirmation process has already answered this question. In fact, it is not unusual for office holders to […]
Suppose you knew –right now, at the start of the week – that the payroll employment report would show an extreme number. With 200K jobs expected, suppose it were to be 350K? Or 50K? If you had advance information from Mr. Beeks would you even know what to do? This week the market will ask […]