Just one “Data” topic, but an important one: today’s Consumer Price Index report. We’ll start with the easy bit: explaining why CPI is still running over 5 percent: Headline number:…
Category: Blog
Big Tech Sales Growth: Past, Present and Future
US Big Tech has become such a large part of the global equity landscape that every investor, no matter how “macro”, needs to understand at least a little bit about…
US Earnings Power Since 2019, Nat Gas Inflation
Two “Data” items today: #1: What can Q3 corporate earnings tell us about how structural earnings power has improved since pre-pandemic and where might markets be underestimating future improvements? In the…
Q3 Earnings, US Job Growth: How Much Is “Enough”?
Two “Data” topics today: #1: How good does Q3 US corporate earnings season have to be to get a large cap stock rally into the end of 2021? In a typical…
Jalopy Inflation Rises, Gold and US GDP Fall
Three “Data” items today. #1: The Atlanta Fed’s GDPNow model is still reducing its estimate for Q3 US economic growth. Yes, we said the same thing just a few days ago,…
“B” Disruptive
There is a newly published academic paper on the National Bureau of Economic Research website titled “Decrypting New Age Capital Flows” that has not yet gotten much attention but really…