Employment Report Preview: Interpret with Care!

There is something wrong with the monthly Payroll Employment Report. Economists were very surprised by the massive jump in jobs reported in May.  They quickly changed their viewpoints about the economy as did important policymakers. The reasons are simple: Employment is the most important economic indicator – the foundation for income, spending, and government revenue. […]

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Weighing the Week Ahead: Don’t Look Back!

The economic calendar is modest, and many market participants will probably extend their long weekends.  The ISM Non-Manufacturing Index and jobless claims data will be the most important. Credit for today’s theme goes to Satchel Paige, one of the greatest pitchers of all time. Don’t look back; something might be gaining on you. Picture Courtesy […]

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Weighing the Week Ahead: Understanding a Mixed Message

The economic calendar is normal including reports on home sales, consumer confidence, personal income and spending and jobless claims.  The final revision of Q1 GDP will be of less interest.  While there is growing interest in economic data, most investors and analysts know that the threat from COVID-19 has not ended.  Bloomberg Businessweek’s cover story […]

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Weighing the Week Ahead: A Defining Moment for Financial Markets

The economic calendar includes several significant reports.  Housing data on new home starts, retail sales, industrial production, and leading indicators are all on tap.  Fed fans can ponder the Beige Book, anecdotal evidence from each district to provide color at the next FOMC meeting. Earnings season begins, and the Washington news will continue to dominate. […]

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Weighing the Week Ahead: A Bigger Wall Now Under Construction

The economic calendar is important this week featuring data on personal income and spending and the Fed’s favorite inflation measure, the PCE index.  Housing data includes four reports, with new home sales of special interest.  There are also reports on consumer sentiment from both the Conference Board and the University of Michigan. Most of the […]

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