NFP: Revisions & Estimates
Its that time: Today, we get January Non-Farm Payroll data from the BLS. Consensus is 167,000 new jobs, with unemployment steady at 4.5%....
Taking Apart Robust GDP Data
Q4 GDP came in at a robust +3.5% (versus 3.0% consensus). Let’s take a look at the individual components to see what we can glean...
Pundit Pile-on: NAR’s David Lerah
Last week, we noted the absurdity of the housing commentary by the oft hallucinatory David Lereah (Existing Home Sales Are Fantastic!)....
Earnings Season Progressing Nicely
Last week, we looked at how S&P500 companies were doing earnings wise via Birinyi Associates. The numbers were a touch soft (see...
Dissecting New Home Sales Data
It seems that everytime we get a major economic release, there is almost an instantaneous headline and commentary generated. This often...
Existing Home Sales Are Fantastic!
Existing Home sales were released today, and the data was soft. The WSJ reported "Existing-home sales in the U.S. fell in December,...
Q4 Data Doesn’t Add Up
Bloomberg’s Caroline Baum looks askance at some of the recent economic data, and finds it wanting: "The new year started...
Overvalued, Overbought, Overbullish
John Hussman puts the smackdown on the "Stocks are cheap here" thesis so popular amongst certain types of analysts:...
The Sordid Truth About Inflation
With PPI out today, and CPI out tomorrow, inflation will be on Trader’s minds. Now is as good a time as any to update our thinking...
Earnings Season Begins
Earnings season begings in earnest this week, with several majors reporting. There’s a nice preview at the public site of the WSJ:...