Weekly Market Pulse: Who’s The Boss?
I told you last week that there were strange things going on in the labor market but I had no idea how much of an understatement that really was. Much of last week's economic focus was on the inflation report but I think the JOLTS report may turn out to be more significant. Inflation was indeed pretty hot year over [...]
Weekly Market Pulse: Looking For Workers In All The Wrong Places
We got another disappointing employment report last week. Well, that's what everyone said anyway, that the complete WAG by the BLS that the US economy added 559,000 jobs in May was below expectations and disappointing. I suppose it is a tad disappointing but I find it hard to lament the fact that a half-million Americans found jobs last month. There [...]
Weekly Market Pulse: Where’s That Confounded Boom?
The US economy is still stuck in the stall it's been in since early spring. Sometime in mid-March everything just seems to have gone into suspended animation. Interest rates and the copper/gold ratio stopped rising. Real interest rates (TIPS) stopped rising. The US dollar started falling. But nothing has fallen so far as to warrant concern about a double-dip recession. [...]
Weekly Market Pulse: The Crypto Distraction
It was hard not to hear about cryptocurrencies last week what with the bear market and all. Actually, you can make the case that bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week's rout. From its intraday peak in April to its intraday low last week, bitcoin [...]
Weekly Market Pulse (VIDEO)
In this Weekly Market Pulse, Alhambra CEO Joe Calhoun discusses inflation, job openings, consumer sentiment, industrial production, and the economic recovery.
Weekly Market Pulse: Bonds Didn’t Get The Inflation Memo
It was all over the news last week. Inflation has arrived. The CPI was hotter than expected. The PPI was even hotter. Import prices were up and export prices were up more. It was impossible to miss the inflation story last week. Stocks got the message and sold off on the hot CPI and finished the week lower for a [...]
Weekly Market Pulse: Live From New York….
We have reached the point of absurdity in the crypto markets. There were people buying Dogecoin last week in anticipation of Elon Musk's appearance on Saturday Night Live, with the expectation, presumably, that he would say something bullish and they'd be able to ring the cash register. Easy, peasy, cha-ching. Except, well, at last check it didn't work out that [...]
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