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Is Two Months the End of the Cycle?

By Jeffrey P. Snider|2013-04-02T14:50:57-04:00April 2nd, 2013|Markets|

The ISM Manufacturing reports for January and February 2013 looked to be showing a noticeable rebound in manufacturing activity after some rather dicey months in the second half of 2012. I posited that this rebound was largely inconsistent with broader data (notably durable goods and factory orders) and explained them in the context of a potential inventory cycle heading into [...]

Friday’s Most Important Number Was Not Jobs

By Jeffrey P. Snider|2013-03-08T16:20:58-05:00March 8th, 2013|Markets|

The employment report, as it always does, captured the most attention, but it was the wholesale inventory/sales report that deserved the widest audience. There will be plenty to say about the real employment situation currently (I will have a subsequent post devoted to earned income and job bean counting), but any discussion of jobs has to start with a broader [...]

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