WE WISH YOU AND YOUR FAMILY A HAPPY THANKSGIVING! It is hard for investors to gauge the trend of future inflation because of conflicting economic reports and Fed speeches. Some Fed speakers make it sound like the battle against inflation has been won. Others say...
Corporate earnings season has just started for Q3, but early results are positive. Industry estimates for members of the S&P 500 indicate profits of 1.3% higher than a year earlier – a nice improvement from the second quarter’s decline of 2.6%. S&P 500...
One of the drawbacks of stronger economic data for the U.S. economy is that interest rates just won’t stop going up and are near recent highs from last fall. If or when they break these higher levels, the short-term reaction from the stock market will likely be...
The Q2 earnings season is about over. The big story has been the selling we have seen of stocks after they report. The average stock has fallen 0.71% on its earnings reaction day, the worst in 10 years. The reports themselves were quite good. Entering earnings...
The June CPI (consumer price index) was released last Wednesday. The readings came in at 0.2% month-over-month for both headline and core. We tend to focus more on the headline number that includes food and energy, two important components of consumer spending. On a...
This morning the headline CPI was released at 0.1% for the month of May, and 4% year-over-year. Inflation is coming down as fast as it went up. The pace of increase in year-over-year inflation has now declined for eleven straight months. But because monthly ‘core’...
