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By Robert Eisenbeis, Ph.D. In most data releases during the pandemic, it is possible to find some things that are positive and some that are negative, and the extent to which one thing is emphasized over another tends to be influenced in today's world by politics. The new CES jobs report r...
While the largest tech companies have leapt in price, aggregate earnings for NASDAQ 100 companies have fallen 30% year to date. Before last week’s modest sell-off, the largest five - Apple ( AAPL ), Microsoft ( MSFT ), Amazon ( AMZN ), Facebook ( FB ) and Google (Alphabet) ( GOOG , GOO...
The NFIB Small Business Optimism Index for August was reported at 100.2, which is a 1.4 increase over July's reading. The NFIB report notes seven of the 10 index components increased, while two declined. The Index remains at a high level, a level which was reached following the recession aft...
The last sustained stretch of market-based inflation expectations rising above the Fed's 2% target ran from January to November 2018 . By July of that year, US unemployment had reached 3.8%, well below the natural non-accelerating rate of unemployment (NARU), typically pegged at 5% to 6%. The...
IHS Markit's PMI surveys indicated a strengthening of global economic growth in August, with a broadening out of the recovery by sector evident. Some important sectors, such as autos, real estate, and households goods, are now among the top performers as the easing of lockdowns from the height...
Overview: News that the AstraZeneca (AZN) Phase 3 test had to be stopped to study the adverse reaction of one subject added to the uncertainty of investors amid one of the more significant reversals of risk appetites since March. Equities continued to slump in the Asia-Pacific region, with m...
Regional picture Economic activity continued to increase in much of the country in July and August according to the US Federal Reserve's latest Beige Book report, containing anecdotal information from regional business contacts, but increasing COVID-19 outbreaks and heightened uncertaint...
Original post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...
Let's start with last week's fund flows from ETF.com :Although tech led the market lower, the QQQ still saw a net inflow of $610 million. That stands in contrast to the $1.6 billion that left the SPY. The treasury market lost funds as well: $121 million and $672 million left the IEF and TLT...
Executive Summary: Last week, I questioned if the bull case had become a little "too easy" and, in turn, a bit too popular. The implication was that the recent joyride to the upside had become more than a little overdone. Cue some options unwinding, some profit-taking, and some forced sell...