The market is going great so no need to worry, right?

The market is going great so no need to worry, right?

There are weeks when sitting down to write this piece is tough because not much worthy of note has happened in the markets or the economy outside of the usual noise. This week, that was most definitely not the case. Thank God it is Friday – we all need a break. New Market Highs and […]

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Empire Fed Joining Recent Economic Data Downhill Slide

Empire Fed Joining Recent Economic Data Downhill Slide

Today’s Empire Manufacturing report came in (are you ready for this?) below expectations. Shocker, right? This has been the accelerating norm of late, yet we keep hearing some in the mainstream financial media claiming the economy is strengthening. Go figure. Expectations were for the index at 15 but it came in at 9.8, with expectations for […]

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More Rolling Over from JOLTS and NFIB

More Rolling Over from JOLTS and NFIB

Yesterday’s JOLTS reports from the Bureau of Labor Statistics led further credence to our assessment that the economy is in the later stages of this business cycle, with many areas showing signs of rolling over. Like much of the data we’ve seen lately, Job Openings came in below expectations, with 5,666k openings versus expectations for […]

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The Real Jobs Picture with Lenore Hawkins on Boom Bust

The Real Jobs Picture with Lenore Hawkins on Boom Bust

Earlier this week I spoke with Lindsay France on Boom Bust about the reality of the employment situation in the United States. We keep hearing talk out of DC about how this policy or that is going to ignite the economy, and while we would dearly love to see that happen, we rarely hear anything […]

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Economic Data Continues to Paint Peaking Picture

Economic Data Continues to Paint Peaking Picture

This view never gets old.While this was a shortened week with the Memorial Day holiday, it was certainly packed with economic data. Yours truly fell a bit behind coupled with the short week and another one of my trips from Southern California back to my other home base in Italy, so this is a longer […]

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Friday’s January Job Report a Blowout, But There’s More You Need to Know

Friday’s January Job Report a Blowout, But There’s More You Need to Know

This morning’s January Employment Report showed the economy added 227K  jobs in January, beating consensus expectations for 170K jobs.  This comes after the surge in January private sector jobs to 246K vs. the expected 165K reported by ADP earlier this week. Great to see some data to back up the uber-optimistic market these days, but […]

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Economy Strengthening?

Economy Strengthening?

We keep hearing, particularly from the Federal Reserve and those in DC, that the economy is improving. Hmmm, let’s look. With consumer spending responsible for roughly 70% of the economy, how about retail sales? Ok, so maybe not there. How about employment? We keep hearing about how strong employment has become. The percent of working-age people […]

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