Despite Fed Hawkishness  Recent Inflation Data Give Markets Hope

The financial markets were “mixed” this week (ended June 14) with the tech sectors moving smartly ahead while the more traditional sectors lagged. The S&P 500 (+1.6%) and the Nasdaq (+3.0%) both closed higher. But the industrial stocks were flat to down as represented by the Dow Jones Industrials which were off -0.8% for the […]

Non-Farm Payrolls Mislead

The Labor Market is Weakening; Inflation is Falling The big economic news of the week was the +272K rise in Non-Farm Payrolls (NFP)(released on Friday, June 7). Expectations were for a number in the +180K range, so, a pretty big beat. Another data point upsetting markets (and likely the Fed) was the hottish average hourly […]

A Strapped Consumer = A Slowing Economy

Rampant CRE Foreclosures Portend Something More Sinister Financial markets closed the week mixed with the Nasdaq rising +1.4% and closing at a record high thanks to the huge Nvidia beat on both top and bottom lines. The S&P 500 was flat on the week (+0.3%) while the Dow Jones, with its 606-point (-1.5%) dive on […]