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The stock market continues to reach new historic highs as the Federal Reserve continues to maintain the trust of investors that it will further support new, higher stock prices.
Personal Income (excluding Transfer Receipts) in July rose 1.03% and is down 1.7% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding

MacroView: A Tale Of 2 Bull Markets

09:59am, Saturday, 29'th Aug 2020
It's a tale of two bull markets. One part of the market is trading as you would expect with near depressionary economic numbers.
The good news in the latest jobless claims report is that the trend of less worse news continues. The bad news is that the improvement has slowed to a snail's pace, at levels worse than the worst leve
Why the disconnect between Wall Street and Main Street. Can equity markets continue to rise? Could a Biden White House spoil the equities party?.
Long leading indicators generally turn down at least one year before the economy as a whole. There are 8 such metrics with good historical records.

Stocks Are Primed For Another Correction

07:51am, Thursday, 27'th Aug 2020
U.S. stocks have had a fantastic recovery from their March 2020 lows.
If interest rates back up, it will have a negative impact on bonds, and possibly equities as well, because they are a play on duration.

What It Means To Spend Over $3 Trillion

09:32pm, Wednesday, 26'th Aug 2020
During the last five months, the U.S. national debt has increased from $23.5 trillion to $26.5 trillion.

Stocks Push Higher: Can This Market Be Trusted?

09:06pm, Wednesday, 26'th Aug 2020
The stock indices have been climbing undisturbed through August, but a storm could be forming off the radar screen.

Did The U.S. Recession End In July?

11:01am, Wednesday, 26'th Aug 2020
Yes, according to the 3-month average of the Chicago Fed National Activity Index (CFNAI-MA3), which rebounded sharply in July.

Hurricane Laura Lifts Oil Prices

08:27am, Wednesday, 26'th Aug 2020
The MSCI Asia Pacific Index had reached seven-month highs on Tuesday, but Japan, China, and Australian stocks saw modest profit-taking today.
The view that the Fed controls the market is quite ubiquitous among market participants. Historically, there is much evidence to suggest that the Fed action is simply coincidental to market actions at
Why this isn't 1920 has everything to do with starting valuations and future returns. Yardeni's primary point is that history suggests a massive melt-up is coming for the financial markets.
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