Don’t say you weren’t warned. Yesterday’s NFP data was only slightly warmer than consensus — 211k vs 200k —...
Read More
We noted last week that the shorter term risk was to the upside. After outlining many of the technical positives of the market, we noted...
Read More
Maybe this will help explain the street’s obsession with running any and every piece of data is through a “Fed lens . . .” As the...
Read More
Short version: A group of Fed researchers presented a paper that rebuts the slack in the labor market argument. The Fed, therefore, is...
Read More
As we await Alan Abelson’s return from Timbuktu, the formidable Randall Forsyth continues to fill in, looking askance at the...
Read More
Last week, we looked at the historical range of Federal Reserve Funds since 1946. It was a simple mean reversion, and did not...
Read More
So much for "One and Done." In raising rates the expected 1/4 point, the Fed announced that they are likely to keep increasing...
Read More
Barron’s notes that while Bernanke did not utter those four special words, the meaning of his speech this past Monday essentially...
Read More
As we noted Thursday, we had very strong existing home sales. But before you freak out about the Fed going to 6%, put this into context:...
Read More
Today is the day M3 reaches its demise. We have discussed this repeatedly over the months. Thanks to the Prudent Investor, we are...
Read More