Weekly Market Pulse: The Economic Hippocratic Oath
The Federal Reserve's Open Market Committee met last week with both Lisa Cook and Stephen Miran voting (more on that later). The committee lowered the target for the federal funds rate by 25 basis points and hinted at future cuts: Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, [...]
An Energetic Market
Market Review Asset Classes No Asset Classes or Regional Equity Markets are down. Past week: None. Past month: None. Q3-to-date: None. Year-to-date: None. Quite the turnaround from February–March. Back then, tariff chaos sank the dollar 10% in March, volatility spiked, correlations went quickly toward +1, markets cracked, and only currency havens like the euro, yen, and gold found love. [...]
Weekly Economic Pulse: Meh
With the dollar index and interest rates in downtrends, it seems the US economy is slowing absolutely and relative to the rest of the world. The slowdown, so far, doesn't look that severe and we are likely to get a rate cut from the Fed this week. Last September, the Fed surprised the market with a 50 basis point cut [...]
Weekly Market Pulse: Nuance Is Subtle
Nuance: A subtle difference in or shade of meaning, expression, or sound. A subtle difference or variation. The origin of the word nuance is a Latin word, "nubes", which means cloud. It is also from the French "nuer" which means "to shade". Why am I parsing the meaning and origin of the word nuance? Because we seem to have lost [...]
Weekly Market Pulse: The Slowdown Continues
I've said many times that no one should pay much attention to the monthly payroll figures because they are barely more than wild guesses, something the current administration's economic team only recently discovered. Last week's report for August, by itself, doesn't mean much and will be revised so I wouldn't put much emphasis on it. What investors should pay attention [...]
Stay In Touch