Housing: A Ray of Sunshine in a Dark Night – August 26, 2020
Many are aware of the powerful stock market rally. Amid the economic uncertainty, one sector of the real economy that has surged is housing. Following…
The S&P 500 Eclipses Prior High – August 24, 2020
The unemployment rate is above 10% (U.S. BLS). Though declining, layoffs remain at elevated levels (Dept of Labor) amid the lingering pain caused by the…
A Recession Unlike Any Other – August 19, 2020
This recession is like no other – government-induced to stop a pandemic. And the recovery has been unusually uneven. Major stock market indexes have surpassed…
Investment Implications in Election Years – August 13, 2020
Election season can be a tough time for investors to maintain a long-term perspective, given the strong emotions often evoked by politics. Campaign rhetoric tends…
Jobs Number Beats Expectations, Growth Slows – August 10, 2020
There are many indicators that can be used to measure economic activity. Today, the number of jobs being generated is probably the most important. On…
All Fueled Up, No Place to Go – August 5, 2020
The Covid-19 pandemic and ensuing lockdowns designed to slow the spread of virus is the direct cause of the steepest recession of the modern era….
Historic Drop in GDP – August 3, 2020
GDP, or Gross Domestic Product, is the largest measure of the value of goods and services for the economy. On Thursday, the U.S. BEA reported…
GDP and the Fed Meeting – July 29, 2020
Second quarter Gross Domestic Product (GDP) is expected to decline at the steepest pace on record. Consensus forecast: a 35% annualized decline (Econoday) vs the…
Cross Currents – July 27, 2020
Aided by massive stimulus from the Federal Reserve, the major indexes have mounted an impressive rally this year. Cautiously upbeat headlines regarding a vaccine have…
Explosive Rebound Hits Wall of Uncertainty – July 23, 2020
Reopened businesses and government spending via stimulus payments and generous jobless benefits have fueled record gains in employment and consumer spending in May and June….