Daily Global Perspectives
August 9, 2022
As we await the July update of the Consumer Price Index (CPI), I thought it would be a good time to revisit the wage and salary report that jolted the Federal Reserve to take action last November.
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August 4, 2022
The incessant fire hose of macro data is confusing professional and retail investors alike. That is why we advocate to instead to focus on the microeconomic, bottom-up factors, or more simply, the fundamentals.
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August 3, 2022
In a nod to mercantilism, the U.S. federal government on Wednesday passed legislation to meaningfully support the onshoring manufacturing of semiconductor chips.
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July 28, 2022
Real GDP came in at –0.9% yesterday, surprising consensus estimates which hovered in the low positive single digits. Among the biggest contributing factors were decreases in manufacturing inventories, private investment and government purchases.
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July 26, 2022
The FOMC meets on Tuesday and Wednesday, and will issue its post-meeting statement at 2:00 PM ET on Wednesday. June’s year-over-year inflation rate hit a 9-handle and jumped 1.32% for the month, stoking market expectations the Fed would enact another 75 basis-point rate hike.
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June 30, 2022
Hope is not a strategy for avoiding a recession. Fed Chair Jerome Powell sparked recession fears on Wednesday during a panel discussion at the European Central Bank’s annual policy forum in Sintra, Portugal.
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June 28, 2022
Recently, the financial markets have made their own U-turn, pivoting from their bearish path to post broad based gains across stocks and bonds for the week ending June 24.
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June 23, 2022
Remember way back when owning FAANGs was a badge of honor? Yes, a mere six months ago. Now FAANGs are a source of scorn. What happened? The Fed made an aggressive policy U-turn, raising interest rates and withdrawing liquidity from the economy and markets.
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June 21, 2022
The erstwhile, extraordinary bull market advanced on a tailwind of low, short-term interest rates and massive Federal Reserve purchases of longer-maturity debt securities intended to stabilize long-term rates, referred to as “quantitative easing.”
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June 16, 2022
Jay Powell, the Federal Reserve chairman, was king for a day with his aggressive 75 basis point (bp) increase in the Fed funds rate. This was the biggest jump since 1994, when Alan Greenspan chaired the Fed.
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