Market Morsel: How “The Market” Is Really Doing
When people talk about "the market" they are usually referring the big indexes - the S&P 500 or the NASDAQ. For more casual observers, "the market" is the Dow which is a lousy index for a lot of reasons but has the advantage of history. But are any those really representative of how "the market" is doing? Not really. All [...]
Weekly Market Pulse: Is The Economy Weaker Than It Appears?
The employment report released last Friday offered contradictory views of the state of the economy. The Current Employment Survey (also called the payroll or establishment survey), which comes from a survey of 119,000 businesses, showed a gain of 272,000 jobs for the month of May, which is right in line with the monthly average since April of 2022. On the [...]
Market Morsels: Weak Global Economy? Deglobalization?
I don't write or talk much about trade but it is, obviously, an important part of the global economy. With all the talk of deglobalization, you'd think that the US trade deficit must be shrinking, right? And with all those tariffs, imports must be falling right? Well, okay but the US doesn't make anything anymore and our trade policies have [...]
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