Author: Scott Anderson
Financial markets have gone from irrational exuberance over the last four months to panic in the short space of a week and a half.
At the time of this writing the U.S. equity market has lost about 15% of its value from the record highs reached just nine days ago and has drop about 13% in the last five trading days. To give you a sense of the panic in the air around the coronaviruss’ potential impacts on the global economy and corporate profits, one only needs to glance at the VIX index.Read More ›
A brief period of global economic and financial market optimism over the past four months is quickly going dormant as the global economic impact of the Novel Coronavirus (COVID-19) comes into greater focus.Read More ›
Consumers continued to grow their spending in January in line with our forecasts. January’s advanced retail sales report showed a 0.3% gain on the month with retail sales excluding autos also increasing 0.3%. There was a small downward revision in December’s headline retail sales gain to 0.2% from 0.3% as originally reported.Read More ›
The January payroll report was a solid report across most metrics.
The headline nonfarm payroll gain of 225k jobs last month handily beat analysts’ forecasts looking for a gain of 165k jobs in January. U.S. nonfarm payroll growth was 1.8% on an annualized basis last month.Read More ›